Crayola red-faced after Facebook hack
Crayola is apologizing after hackers filled its Facebook page with off-color content. The Forks Township, Pa.,-based crayon and marker manufacturer regained control of the page late Sunday and removed the offending posts. Instead of burnt sienna and cerulean blue, the page's 2.4 million followers saw cartoon breasts and sophomoric sex jokes. Crayola tweeted Sunday evening that it was aware of the hack and "making every effort to stop the unauthorized posts." A few hours later, it had restored the page to its usual family friendliness. "Our sincere apologies to our Facebook community for the inappropriate and offensive posts you may have seen here," the post said. Crayola LLC is a subsidiary of Kansas City, Mo.-based Hallmark Cards Inc.
U.N. details management gender gap
Women own or manage more than 30 percent of all businesses but 5 percent or less of the biggest enterprises, the United Nations said in a report published Monday. The report, by the International Labor Organization, a U.N. agency based in Geneva, also estimated that without new actions to promote women's equality in management, it would take 100 to 200 years to achieve gender parity in business leadership positions. The report was done by the organization's Bureau for Employers' Activities. It was based on information from 108 countries where ILO data are available, as well as the findings of the organization's survey of more than 1,200 companies in Africa, the Asia-Pacific region, Eastern and Central Europe and the Latin America-Caribbean regions. The report acknowledged significant gaps in the information used to derive its conclusions. It also said information from developing regions on women in business and management was hard to quantify, and in the private sector "was practically inexistent." Jamaica has the highest proportion of women who are managers, at 59.3 percent, while Yemen has the least, at 2.1 percent. The United States is ranked 15th, at 42.7 percent.
United considers outsourcing jobs
United Continental Holdings Inc. is considering outsourcing as many as 2,000 jobs at non-hub airports as the carrier looks to cut costs. Outside contractors may take over the positions at 28 airports including those serving Indianapolis, Atlanta and St. Louis, said United spokesman Luke Punzenberger. The carrier, the world's second largest by traffic, notified employees and the International Association of Machinists and Aerospace Workers about the possible shift. The airline has been trying since late 2013 to cut $2 billion from its annual costs through fuel savings, workforce reductions and other measures. The Chicago-based carrier reported $37 billion in operating expenses for 2013, giving it one of the lowest profit margins among peers. United in July said it would outsource more than 630 positions at 12 U.S. airports. No final decisions have been made about the latest round of outsourcing, including how many positions would be affected and where they would be, Punzenberger said.
Treasury nominee withdraws name
Antonio Weiss, a senior investment banker at Lazard, has withdrawn his name from consideration to be a high-ranking Treasury Department official but will serve as a counselor to the secretary of the Treasury, Jacob Lew, according to the White House. Weiss, nominated to be undersecretary of the Treasury for domestic finance, had run into a buzz saw of opposition, led by Sen. Elizabeth Warren, D-Mass., who opposed a Wall Street pick for the key post. "Given his tremendous expertise and shared passion for helping working families, I asked Antonio to join Treasury in a different role — as a counselor to me — and he accepted," Lew said. Lew expressed disappointment in the turn of events. "I continue to believe that the opposition to his nomination was not justified," he said. The move underscored the growing power the Democratic Party's populist wing is gaining, but also its limits. Weiss will still have a role in the Obama administration, but in a position that does not require going through the full Senate confirmation process.
AbbVie says FDA approves Parkinson's drug
AbbVie said that the Food and Drug Administration has approved its drug for Parkinson's disease. Duopa, which is delivered directly into the small intestine with a portable infusion pump, treats such symptoms as tremors and muscle rigidity. The drug is already approved in Canada and dozens of other countries under the name Duodopa.