Estee Lauder Chairman Emeritus Leonard Lauder dies at 92

Judy Lauder and Leonard Lauder arrive for the Elton John AIDS Foundation’s Gala in New York City on Nov. 5, 2018.

Caitlin Ochs | Reuters

Estee Lauder said on Sunday that its chairman emeritus, Leonard Lauder, died on Saturday at the age of 92.

Lauder joined the company in 1958 and played a key role in transforming the business from a handful of products sold under a single brand in U.S. stores to a multi-brand cosmetics giant.

He was the son of company founders Estee Lauder and Joseph Lauder.

He served many roles at Estee Lauder over six decades and led the launch of many brands including Aramis, Clinique and Lab Series, the company said.

Source

World

Stock of Singapore Airlines fall over 8% after first quarter profit plunges

July 29, 2025

Civil jet airplanes of Singapore Airlines and its subsidiaries — Tigerair, Silkair and Scoot — at Changi International Airport, Singapore. Universal Images Group | Getty Images Shares of Singapore Airlines (SIA) fell after the carrier reported a 59% decline in earnings for the first quarter of its 2025/2026 financial year. Stock of SIA fell more […]

World

China unveils childcare subsidies in push to boost fertility

July 29, 2025

China rolled out on Monday an annual childcare subsidy of 3,600 yuan (about $500) until age three, as authorities look to spur a flagging birth rate with fewer young people choosing to have children. The high cost of childcare and education, as well as job uncertainty and a slowing economy, are among the concerns that have […]

World

CNBC Daily Open: Markets are already looking past U.S.-EU trade deal and need another catalyst

July 29, 2025

Traders work on the floor of the New York Stock Exchange (NYSE) on July 28, 2025 in New York City. Spencer Platt | Getty Images News | Getty Images Stock markets in the U.S. and Europe didn’t seem that delighted with the U.S.-European Union trade deal reached over the weekend. The S&P 500 ticked up, but […]