Hotness In The News Thursday November 12

Hotness in the News by SociaLifeChicago is your daily intel for the morning’s hot news topics to get your day started. Make small talk, better.

  “Be thankful for what you have; you’ll end up having more. If you concentrate on what you don’t have, you will never, ever have enough.” ― Oprah Winfrey


ROLLS ROYCE

CEO Warren East revealed that profit will take a $990 million (£650 million) hit from a slide in demand for engines in the corporate-jet market and regional planes that Rolls is unable to mitigate because of an inflexible approach to costs and now the company suffered its sharpest share drop in more than 15 years Apparently investors were shocked because they were expecting East to focus his attention on re-evaluating the London-based company, maker of aircraft engines for Boeing Co. 787 Dreamliners and Airbus Group SE A380 superjumbos, diversified business portfolio away from power equipment and marine turbines to focus on a record aero-engine backlog. [BLOOMBERG | WSJ]


SNIPPETS

Efraín Antonio Campo Flores and Francisco Flores de Freitas, stepson and nephew of Venezuelan President’s wife Cilia Flores were arrested in Port-au-Prince, Haiti Tuesday and will go before a federal judge in New York today on charges they conspired to transport 800 kilograms of cocaine to the U.S. The arrests of the two men come as prosecutors in New York, Washington and Miami are pursuing numerous investigations into alleged drug-trafficking and money-laundering activities of top Venezuelan military. President Maduro is set to address the United Nations Human right body today in Geneva…Macy’s Inc cuts its full-year forecast and its stock fell to its lowest level in two years, down 14% and may soon launch Macy’s Backstage to compete with T.J. Maxx, Marshalls and other off-price chains….Michael Wright a former star basketball player at Farragut High School and t the University of Arizona before playing professionally in Europe was found dead inside the backseat of, his car in Brooklyn…Tempe, Arizona City Councilman David Schapira has filed a claim against Arizona State University alleging the school’s mascot, Sparky, seriously injured his back and is seeking more than $96,000 in damages and an additional $27,000 to reimburse the city for his medical bills…Diamond Foundry a California startup that claims it can grow hundreds of real diamonds, in reactors that reach temperatures of 8,000 degrees in just two weeks and now Leonardo DiCaprio is on board as an investor…Kroger is buying Mariano’s parent company Roundys in an $800 million transaction, including debt and gaining 151 stores, 101 pharmacies, two distribution centers and a commissary as part of the acquisition that is expected to close by the end of 2015.


ENTERTAINMENT

Rihanna in partnership with talent manager Benoit Demouy, has created agency Fr8me an agency that will rep fashion stylists, makeup artists and hair stylists as well as a photo agency A Dog Ate My Homework. Makeup artist Mylah Morales, fashion stylist Jason Bolden, hairstylists Patricia Morales and Marcia Hamilton have been signed to the agency…Ellen Degeneres will celebrate her show’s 2,000 episode today with special guests including Jennifer Aniston, Justin Timberlake, Kerry Washington.


FASHION

Mango is ending its partnership with J.C. Penney and closing all 450 MNG by Mango shops-in-shop in the Dallas-based retailer’s stores by February…Woolrich is set to open 80 Stores by 2020
in the US selling the brand’s elevated Woolrich John Rich & Bros. label…Linda Wells, the founding editor of Allure magazine at Conde Nast has been let go of her role after 24 years and will be replaced by Nylon’s former editor in chief Michelle Lee…ASOS will launch an affordable bridal line April next year with the highest price point reaching £250.


LOOK OF THE DAY

Chrissy Teigen
Chrissy Teigen-LOTD

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