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☆ A tiny low-cost airline you may not have heard of is expanding to 10 new cities. We asked its CEO what to expect.
▼ + stars: | 2024-04-29 | by ( Ana Altchek | ) www.businessinsider.com time to read: +6 min

Avelo Airlines continues to expand its fleet and routes, adding 10 new destinations on May 1. As Avelo strives for its third profitable quarter, the CEO says the airline is focused on itself. AdvertisementWhen low-cost newcomer Avelo Airlines launched its first flight three years ago, it had just three Boeing 737 Next-Generation jetliners and served 11 West Coast destinations. Business Insider spoke to Avelo CEO Andrew Levy about what makes the growing airline different from other low-costs and what customers can expect on board its planes. Avelo Airlines' route map.

Persons: Avelo, —, Andrew Levy, Jim Olson, Louis, Walt, we've, Levy, Joe Scarnici Avelo, he's Organizations: Avelo Airlines, Service, Boeing, Alaska Airlines, Business, Concord, Houston Hobby, Walt Disney, Universal Studios, Delta, Avelo, JetBlue Airways, Airlines, BI, Frontier Locations: Burbank , California, Sonoma County, Boise, Idaho, Montana, Albany, Atlanta, Charlotte , North Carolina, Destin, Knoxville, Lakeland, Central Florida, Miami, St, Traverse City , Michigan, Orlando, New Haven, Connecticut, New York City, Hartford, Boston, Alaska

☆ Bird flu could jump to humans any day. A former surgeon general says it feels like 2020 again.
▼ + stars: | 2024-04-25 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +7 min

In recent months the highly pathogenic H5N1 virus has been spreading through US cattle herds for the first time ever. The cow-to-cow transmission is the latest escalation in a global outbreak that began when the virus reemerged in Europe in 2020. Bill Powers with his flock of white turkeys, kept under shelter to prevent exposure to bird flu, in Townsend, Delaware. Nathan Howard/Getty ImagesDr. Jerome Adams, a former surgeon general and the director of health equity at Purdue University, is getting deja vu. AdvertisementOnly testing the sickSo far, the USDA has only been testing cattle herds when an animal appears sick.

Persons: —, Jeremy Farrar, Nathan Frandino, Farrar, Bill Powers, Nathan Howard, Jerome Adams, they've, Adams, Donald Trump, hasn't, Terry Chea, they're, Zeynep Tufekci, Jean Carroll, Alexi J . Rosenfeld, President Trump, Trump, Biden Organizations: Service, Business, World Health Organization, Washington Post, Food and Drug Administration, New York Times, FDA, Johann, Reuters, US Centers for Disease Control, Purdue University, CDC, US Department of Agriculture, White, USDA Locations: Europe, South America, Fresno , California, Texas, Townsend , Delaware, COVID, Sonoma County , California

☆ Airlines Avelo and Breeze, three years after their pandemic debut, prepare for a profitable year
▼ + stars: | 2024-03-02 | by ( Ryan Anastasio | ) www.cnbc.com time to read: +6 min

The inaugural flight of an Avelo Airlines Boeing 737-800 takes off from Hollywood Burbank Airport to Charles M. Schulz-Sonoma County Airport in Santa Rosa on April 28, 2021. "When you have Goliaths, and you're just David, it's really hard," said Avelo Airlines CEO Andrew Levy. David Neeleman, founder and CEO of Breeze Airways, before boarding the airline's inaugural flight at Tampa International Airport in Tampa, Florida, on May 27, 2021. A Breeze Airways airplane on the tarmac at Tampa International Airport in Tampa, Florida, on May 27, 2021. Operational costsOffering low airfares has made industry-wide cost increases all the more daunting for Avelo and Breeze.

Persons: Charles M, Schulz, Patrick T, Fallon, They've, David, it's, Andrew Levy, Avelo, Levy, David Neeleman, Matt May, Henry Harteveldt, Harteveldt, Connecticut's, Neeleman Organizations: Avelo Airlines Boeing, Hollywood Burbank Airport, Airport, AFP, Getty, U.S, Breeze Airways, Los Angeles International, Avelo, United, Breeze, Southwest Airlines, Tampa International Airport, Bloomberg, Atmosphere Research, New Haven Airport, Wilmington, JetBlue Airways, Azul, Westchester County Airport, Canton Airport, International Airport, Airlines Locations: Hollywood, Sonoma, Santa Rosa, Angeles, Islip, Long, New York City, Delta, Southwest, U.S, Ukraine, Tampa , Florida, Florida, South Carolina, California, Puerto Rico, New, Westchester, Akron, Ohio, Hartford , Connecticut, Charleston , South Carolina, Vegas, Los Angeles, Breeze

☆ She'd heard her step-grandfather was a monster. But was he also the Zodiac Killer?
▼ + stars: | 2024-02-26 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +11 min

Max's "The Truth About Jim," directed by Skye Borgman, follows Sierra Barter's investigation into her step-grandfather. Jim Mordecai, who died in 2008, was accused of harassment and sexual assault by multiple women. But was Jim Mordecai an infamous serial killer too? AdvertisementWas Jim Mordecai the Zodiac Killer? Judy Mordecai, Barter, and Shannon Barter.

Persons: Skye Borgman, Jim Mordecai, Mordecai, —, Christi Probst, Borgman, Shannon, Judy Mordecai, didn't, couldn't, Jim, Max, Jeanne Kirkpatrick, Mordecai's, Michael Probst, Melissa, Jaime Mordecai, Kirkpatrick, Shannon Yeager, Yeager, we've, fleshing, Mary, Santa Rosa, I've, let's, Sierra, Mike Butterfield, Max Mordecai's, Judy, they've, they're Organizations: Service, Northern, Imagine Entertainment, Business, Sonoma County Sheriff's Office, Max Locations: Sierra, San Francisco Bay, Northern California, Shannon, Santa, Sonoma County

In fact, football wasn't even on her radar when Norma Hunt returned from Ireland, where she had spent a year on a Rotary Club scholarship. Norma Hunt was never going to be the passive wife of a sports tycoon, though. Lamar Hunt died in 2006 at the age of 74, and Clark Hunt took over the leadership of the Chiefs franchise. Norma Hunt became an astute businesswoman, every bit as savvy as her husband, the son of an oil magnate. “You know, they both loved the game," Clark Hunt said, ”and my dad obviously had such a huge impact on the game in so many different ways.

Persons: HENDERSON, Clark Hunt, Lamar Hunt, —, Norma Hunt, Clark, I'm, “ It's, ” Hunt, “, Norma Hunt's, Norma, Roger Goodell, Michael Jordan, ”, Andy Reid, Ford, Mark Donovan, ‘ Norma, it's, Donovan, Daniel —, FC Dallas —, ” Clark Hunt, Hunt, Pete Rozelle Organizations: Kansas City Chiefs, Chiefs, Super, Kansas City, Philadelphia Eagles, San Francisco 49ers, Sunday, AFC, NFL, Rotary Club, Dallas Texans, AFL, Chicago Bulls, NBA, Ford, Arrowhead, MLS, FC Dallas, T, FIFA Locations: Nev, Miami, Arizona, Ireland, Innsbruck, Austria, lockstep, North America, Bidwell, California, Sonoma County, Kansas City, ”, Kansas, Arrowhead, Dallas

Photos You Should See View All 45 ImagesMcGuire will succeed state Senate President Pro Tempore Toni Atkins, a San Diego Democrat who recently announced her bid for governor in 2026. Chris Lopez, who chairs the policy group Rural County Representatives of California, is proud to see lawmakers from rural areas lead both chambers of the Legislature. Policy advocates and fellow lawmakers described McGuire as an honest, hard-working leader who is willing to listen to a variety of opinions. Senate Minority Leader Brian Jones, a Republican representing part of San Diego County, said he has a good working relationship with McGuire. “I’m making sure that millions of California voices are being heard, and Mike McGuire is very respectful of that,” Jones said.

Persons: California Sen, Mike McGuire, McGuire, ” McGuire, Pro Tempore Toni Atkins, Gavin Newsom, Sen, Steven Bradford, Robert Rivas, Rivas, farmworkers, ” Rivas, Chris Lopez, ” Lopez, Alex Vassar, “, ”, Brian Jones, ” Jones, ” Kristina Bas Hamilton, doesn’t, Anthony Rendon, Atkins, patted, David Rabbitt, ” Rabbitt, ” ___ Austin, @sophieadanna Organizations: Associated Press, Pro Tempore, San Diego Democrat, Democratic Gov, California State Association of, San, Rural, California State Library, of Supervisors, America Statehouse News Initiative, America Locations: SACRAMENTO, Calif, California, Eureka, Los Angeles, Healdsburg, Democrat’s, Oregon, California’s, Sonoma County, San Benito County, Rural County, McGuire's, San Diego County, Sacramento

California poultry farms are implementing strict biosecurity measures to curb the spread of the disease. So we’ve got to be as vigilant as possible to protect our birds,” said Bill Mattos, president of the California Poultry Federation. Climate change is increasing the risk of outbreaks as changing weather patterns disrupt the migratory patterns of wild birds, Pitesky said. For example, exceptional rainfall last year created new waterfowl habitat throughout California, including areas close to poultry farms. “I’m very concerned because this avian flu is transmitted by wild birds, and there’s no way I can stop the wild birds from coming through and leaving the disease behind,” Peterson said.

Persons: Mike Weber, “, ”, Weber, Annette Jones, we’ve, Bill Mattos, Maurice Pitesky, Pitesky, Rodrigo Gallardo, Gallardo, Ettamarie Peterson, I’m, ” Peterson, Weber’s, ” Weber, they’ve, “ We’re Organizations: —, Sunrise, California Poultry Federation, San Francisco Bay Area, U.S . Department of Agriculture, University of California, USDA . Industry, UC Davis Locations: PETALUMA, Calif, Sonoma County, San Francisco, Petaluma, California, Midwest, Merced County, Central California, San Francisco Bay, U.S, Turkey, Australia, Davis, North Coast, Central Valley

☆ Living With Fire When It’s Fire Season All Year Round
▼ + stars: | 2024-01-17 | by ( Jennifer Szalai | ) www.nytimes.com time to read: +1 min

THE LAST FIRE SEASON: A Personal and Pyronatural History, by Manjula MartinEven after evacuating her home in Sonoma County, Calif., as wildfires burned nearby, Manjula Martin reflected on her stubborn longing to exempt herself from what was happening. “I wanted to continue to be an exception to the consequences of climate change,” she writes in “The Last Fire Season,” her powerful account of the dry lightning storms of 2020, which ignited an increasingly parched landscape throughout much of Northern California. “But my desire to remain an observer of history instead of its victim was banal,” Martin admits. “The Last Fire Season” includes a moving record of her life as well as a repudiation of all kinds of exceptionalism, not just her own or her country’s. “Humans are not the main characters in the great drama of Earth,” she notes — an inconvenient truth that the extreme weather effects of climate change have made painfully clear.

Persons: Manjula Martin, “, —, ” Martin, ” Locations: Sonoma County, Calif, Northern California

☆ I'm a third-generation Californian who moved to Texas for a fresh start: 'I couldn't afford to live there anymore'
▼ + stars: | 2023-11-29 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +6 min

Eric Hartnett, 57, moved to Prosper, Texas, after living in California his entire life. AdvertisementThis as-told-to essay is based on a conversation with California native Eric Hartnett, a photographer and bar owner, who moved to Prosper, Texas, in 2018. AdvertisementBefore buying a home, I flew out to Texas three times, so I was kind of familiar with the North Dallas area. My friend, who was a realtor, had also been looking in the North Dallas area. Hartnett has lived in Prosper, Texas, for the past five years.

Persons: Eric Hartnett, Hartnett, —, Neal Pritchard, Prosper, Rent, it's, I've, Prosper . Hartnett Organizations: Service, Southern California —, Southern California — Los Angeles —, McKinney, BMW Locations: Prosper , Texas, California, Texas, Southern California, Southern California — Los Angeles, Los Angeles , California, Sonoma County, Dallas, Austin, Frisco, McKinney, North Dallas, Prosper, Sonoma, Northern California, Mexico, Dallas , Texas, Celina

☆ A Salt-of-the-Earth Town That Sparkles
▼ + stars: | 2023-11-14 | by ( Amy Tara Koch | ) www.nytimes.com time to read: +1 min

After he closed Cyrus, the Healdsburg, Calif., restaurant for which he’d earned two Michelin stars, in 2012, it took the chef Douglas Keane a decade to scout the dream locale for his new restaurant. Mr. Keane finally landed last year at a former prune-packing plant overlooking vineyards where the Russian River snakes through the Alexander Valley. Those vineyards are not in Healdsburg, Sonoma County’s unofficial gastronomic headquarters, but eight miles north in blink-and-you’ll-miss-it Geyserville. “Geyserville is real, rural wine country: Farmers are out at 5 a.m.,” said the 52-year-old chef on what drew him to the town. The whole town may be just two blocks of Wild West-looking storefronts, but its charms take an entire weekend to uncover.

Persons: Cyrus, he’d, Douglas Keane, Keane, ” Organizations: Michelin Locations: Calif, Alexander, Healdsburg, Sonoma

After being rushed in an ambulance to a hospital, the 15-month-old girl died from a fentanyl overdose. Political Cartoons View All 1148 ImagesIn California, where the Legislature has failed to pass such laws, prosecutors in at least three counties are turning to drunk driving laws to charge parents whose children die from fentanyl overdose. Last month, a Maine woman pleaded guilty to manslaughter after her 14-month-old son’s fentanyl overdose. Prosecutors say the parents, like drunk drivers, knew fentanyl can injure or kill people. The boyfriend and girlfriend were charged with murder after their toddler died of a fentanyl overdose in June 2020.

Persons: — Madison Bernard, Charlotte, didn’t, ”, Charlie Smith, Smith, ” Smith, Jeremy Whitney Frazier, Heather Marie Frazier, Ashley Malloy’s, Karson, Watson advisement, “ I’ve, Daima Calhoun, Alexandra Waite, Collin Pascal Kittrell, Investigators, Allison, Waite, Graham Donath, Allison's, Ryan Hughes, Bernard, Evan Frostick, Frostick, Bernard's, Carla Rodriguez Organizations: Authorities, National District Attorneys Association, Prosecutors, National District, Riverside, Associated Press, Santa Rosa Police Department, Santa Rosa Press Democrat, AP Locations: SANTA ROSA, Calif, California, U.S, Frederick County , Maryland, Maryland, Maine, Riverside , Sonoma, Stanislaus, Riverside County, Riverside, Sonoma County, Santa Rosa

☆ Companies are worried about a recession, but they’re hanging on to employees anyway
▼ + stars: | 2023-06-08 | by ( Alicia Wallace | ) edition.cnn.com time to read: +9 min

Minneapolis CNN —US companies wary about their economic prospects are battening down the hatches. Recent job market data shows more and more businesses have taken to “labor hoarding” and maintaining headcounts even as demand softens. Employees work at CannaCraft's March and Ash retail cannabis store in San Diego's Mission Valley neighborhood. Grey Duck’s sales picture will become clearer in the next three months, Bossen said. “We’re going to do whatever it takes to keep that staff employed and productive, even if things slow down,” he said.

Persons: ”, Dana Peterson, ” Peterson, it’s, Ash, Tiffany Devitt, CannaCraft, Ash CannaCraft, “, Devitt, Stephen Juneau, they’re, Matt Bigelow, Gusset Jean, Bigelow, ‘ Waddle, Rob Bossen, Grey, Eli Nord, Bossen, “ We’re, waddle Organizations: Minneapolis CNN, Conference Board, Conference, Business, CNN, Golden State, of Labor Statistics, Bank of America, Labor, Bureau of Labor Statistics, USA Brands, Gusset Jean Co, Vermont, Company Locations: Minneapolis, ”, headcount, California, Golden, Diego's, CannaCraft, Sonoma County, Juneau, Vermont, Johnson , Vermont, Roseville , Minnesota, China, Roseville

☆ Social Media Influencer Convicted of Lying About Children’s Kidnapping
▼ + stars: | 2023-04-28 | by ( Johnny Diaz | ) www.nytimes.com time to read: 1 min

A California woman and Instagram influencer who reported and posted online about an attempted kidnapping of her young children in 2020 has been convicted of making a false report of a crime, prosecutors said. A jury convicted the woman, Katie Sorensen, 31, formerly of Sonoma, Calif., on one count of making a false report of a crime, a misdemeanor. She was taken into custody, the Sonoma County District Attorney’s Office said in a statement on Thursday. The district attorney, Carla Rodriguez, said that the verdict would “enable us to hold Ms. Sorensen accountable for her crime, while at the same time helping to exonerate the couple that was falsely accused of having attempted to kidnap two young children.”On Dec. 7, 2020, Ms. Sorensen went to a Michaels craft store in Petaluma, Calif., with her two young children, prosecutors said. Petaluma is about 40 miles north of San Francisco.

☆ People are fleeing Arizona's heat for upstate New York and Florida's flooding for North Carolina. Have you moved over climate concerns?
▼ + stars: | 2023-03-02 | by ( Dan Latu | ) www.businessinsider.com time to read: +4 min

Nearly 40% of Americans moving say climate concerns have influenced their decision, said Redfin. Have you moved states over concerns about the climate crisis? We want to hear from you: Have you moved over concerns about the climate crisis? Tell us in this form how the climate crisis is affecting you and where you live. An estimated 30 million Americans moved between March 2021 and March 2022, according to a Brookings Institution analysis of the latest available US Census Bureau data.

☆ A tiny-home village that can house over 30 homeless people is the latest project from a California prefab company that quickly builds homes in factories and trucks them to their destinations
▼ + stars: | 2023-02-15 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +5 min

Long Beach, California, made a $2.5 million deal to build tiny homes for people in need. The bathroom in a Connect Homes shelter. From luxury homes to sheltersFor its private customers, Connect Homes builds 15 single-family-home models, ranging from a 460-square-foot home for $220,000 to a 1,960-square-foot four-bedroom home that costs about $700,000. Connect Homes' Shelter 3, a type of tiny home that's set to be built in Long Beach, California. It's now getting inquiries in other states about its tiny homes, Leung said.

☆ California has been hammered with rain. It may not be enough to reverse its drought.
▼ + stars: | 2023-01-12 | by ( Evan Bush | Evan Bush Is A Science Reporter For Nbc News. He Can Be Reached At Evan.Bush Nbcuni.Com. | ) www.nbcnews.com time to read: +6 min

California counts on a system of about 1,400 human-made surface reservoirs and thousands upon thousands of miles of levees to manage surface water. During the recent storms, extreme drought has buffered some impacts of intense rainfall with plenty of space in the state’s largest reservoirs, which have withered under drought. Before the series of atmospheric rivers, it was storing less than 1 million acre-feet of water. In the Central Valley, Californians extract about 2 million acre-feet more than what returns to the ground, on average, every year, Lund said. California legislators in 2014 passed the Sustainable Groundwater Management Act, which requires local agencies to reach groundwater sustainability by 2042.

☆ California picks up debris from latest storm, braces for the next
▼ + stars: | 2023-01-12 | by ( Sharon Bernstein | ) www.reuters.com time to read: +3 min

At least two more storm systems were set to pound California and the Pacific Northwest starting Friday and over the weekend, the National Weather Service said, including another atmospheric river, systems of dense moisture funneled into California from the tropical Pacific. The state has already been hit with seven such weather systems over the past two weeks. In Monterey County, water from prior storms continued to swell the Salinas River, officials said. The heavy rains have eased California's historic drought but not ended it, the U.S. Drought Monitor showed on Thursday. Even with more atmospheric rivers in the immediate forecast, the state's water system will remained strained in coming years without new infrastructure to capture more storm water, restore flood plains and recycle wastewater.

☆ California is deluged by record rain with more storms coming
▼ + stars: | 2023-01-11 | by ( Kate Fishman | ) www.reuters.com time to read: +4 min

The parade of storms is forecast to continue, bringing even more heavy rain next week, the weather service said. Large stretches of central California received over half their normal annual rainfall since Dec. 26. [1/12] View of flooding from the rainstorm-swollen Sacramento and American Rivers, near downtown Sacramento, California, U.S. January 11, 2023. The storms have killed at least 17 people since the start of the year, California Governor Gavin Newsom said on Tuesday. Reporting by Brendan O'Brien in Chicago and Daniel Trotta in Carlsbad, California; Editing by Marguerita Choy and Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

☆ Boy, 2, killed after tree falls onto home during powerful California storm
▼ + stars: | 2023-01-05 | by ( Minyvonne Burke | Minyvonne Burke Is A Senior Breaking News Reporter For Nbc News. | ) www.nbcnews.com time to read: +2 min

A 2-year-old boy was among at least two people killed after a storm swept through California, knocking down trees, flooding streets and leaving thousands in the dark. Fire personnel performed CPR but the boy was pronounced dead from his injuries just before 6 p.m. Parts of California were hit by heavy rain, strong winds and flooding that left thousands of people in the dark. The National Weather Service said Thursday that continued thunderstorms and heavy rain should be expected throughout the day. There are still flash flood watches and flood watches out in effect for many portions of California today."

[1/4] Traffic navigates around downed tree limbs along 19th Avenue after a new bout of rainstorms threatens to flood San Francisco, in California, U.S. January 4, 2023. Governor Gavin Newsom declared a state of emergency on Wednesday, and state officials urged Californians to avoid travel during the storm. Crews in San Francisco spent the night cleaning up debris from felled trees that blocked roadways. The area lies in the heart of the Sonoma Wine Country, a tourist magnet just north of San Francisco. Nearly 100 flights were canceled at San Francisco International Airport on Wednesday, and an additional 15 had already been canceled on Thursday.

☆ Storm blowing through California dumps snow in Sierra
▼ + stars: | 2022-12-11 | by ( The Associated Press | ) www.nbcnews.com time to read: +3 min

SOUTH LAKE TAHOE, Calif. — Heavy snow fell in the Sierra Nevada as a winter storm packing powerful winds sent ski lift chairs swinging and closed mountain highways while downpours at lower elevations triggered flood watches Sunday across large swaths of California into Nevada. More than 250 miles (400 km) of the Sierra from north of Reno south to Yosemite National Park remained under winter storm warnings either until late Sunday or early Monday. The Heavenly ski resort at Lake Tahoe shut down some operations on Saturday when the brunt of the storm hit. The UC Berkeley Central Sierra Snow Lab reported Sunday morning that more than 43 inches (110 cm) had fallen in a 48-hour span. A stretch of California Highway 89 also was closed due to heavy snow between Tahoe City and South Lake Tahoe, the highway patrol said.

☆ DOJ plans to monitor elections in these 46 cities and counties to ensure voters aren't harassed
▼ + stars: | 2022-11-07 | by ( Chelsey Cox | ) www.cnbc.com time to read: +3 min

The Justice Department plans to monitor polls in two dozen states across the country to ensure no one intimidates voters or otherwise meddles with Tuesday's midterm elections. The department's Civil Rights Division selected 64 jurisdictions in 24 states, including Alaska, Florida, Georgia and Nevada, for oversight in both the general election and early voting. The division routinely monitors elections in the field, starting in 1965 when Congress passed the Voting Rights Act. DOJ monitored polls in 18 states and 44 cities and counties in 2020, by comparison. Attorneys' Offices and the Office of Personnel Management will assist the DOJ Civil Rights Division in monitoring efforts and maintaining contact with state and local election officials.

☆ US Bank Shopper Cash Rewards card review: Up to 6% cash back at popular retailers like Amazon and Walmart and a unique feature you won't find on any other card
▼ + stars: | 2022-10-26 | by ( Tessa Campbell | Personal Finance Reviews Fellow | Read More | ) www.businessinsider.com time to read: +31 min

Speaking of eye-catching, the U.S. Bank Shopper Cash Rewards is the first to include LED-powered technology in the card's plastic. If you're a fan of Visa Signature benefits, the U.S. Bank Shopper Cash Rewards has got you covered. US Bank Shopper Cash Rewards card benefits and featuresLED technologyIn a unique twist, US Bank is piloting a version of the U.S. Bank Shopper Cash Rewards that has LED-powered technology built into the card's plastic. Read our review Read Our Review A looong arrow, pointing rightFees and costsThe U.S. Bank Shopper Cash Rewards has a 17.49% - 27.49% Variable APR. How do I redeem cash back on my US Bank Shopper Cash Rewards card?

☆ Who's up and who's down in the latest Goldman Sachs restructuring under CEO David Solomon
▼ + stars: | 2022-10-17 | by ( Dakin Campbell | ) www.businessinsider.com time to read: +9 min

And he will also oversee a wealth management business that is now going to include portions of the consumer business, but wrapped in a wealth management offering. Both, according to Bloomberg's reporting, are being demoted to senior positions within Nachmann's asset and wealth management division. Stephanie CohenAnother executive thought by insiders to have lost some of her territory is Stephanie Cohen, the co-head of the consumer and wealth management division. Had Cohen been able to successfully helm the consumer and wealth management division alongside Tucker York, the currently discussed changes wouldn't have been needed, the people said. Cohen's co-head, York, will now return to his prior role of running the bank's successful private wealth management business.

☆ Meet Dylan Field, the 30-year-old college dropout who built Figma, one of Silicon Valley's most beloved companies, and is set to become a billionaire when it sells for $20 billion to Adobe
▼ + stars: | 2022-09-20 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +7 min

Adobe's $20 billion bid to buy Figma makes CEO Dylan Field's stake worth $2 billion. When the design-software startup Figma was just starting out, Dylan Field, its cofounder and CEO, and his colleagues would pitch prospective customers' design teams, but they struggled with one major problem. While customers were excited about Figma's product, they hesitated to switch from existing tools. Now, Adobe's $20 billion bid to buy Figma makes Field's stake in the company worth $2 billion. Field's rise to successEvan Wallace and Dylan Field are the cofounders of Figma.

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