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Stan O'Neal Forced Out of Merrill Lynch

Stan O'Neal, Merrill Lynch & Co. Chief Executive Officer, has decided to step down after losing the confidence of his board, according to published reports.

O'Neal one of a handful of Fortune 500 ranked black executives has become the first Wall Street chief executive casualty of the recent credit market turmoil.

The bank's directors have been in talks for most of the past three days, discussing Mr O'Neal’s future and the search for possible successors.

The board was forced to act after O'Neal oversaw the firm's wholesale push into the underwriting and trading of collateralized debt obligations (bonds made from other bonds).

An announcement may come tomorrow morning.

Google's Adsense Network Serving DoubleClick Display Ads

Since closing it's DoubleClick acquisition earlier this year things have been relatively quite on the DoubleClick front, but it now appears that Google has began serving display ads to it's Adsense ne

Jay-Z Says Las Vegas 40/40 Club is Doing Fine

Jay-Z dispel rumors that his 4-month-old 40/40 Club in Las Vegas is in trouble.

Is 50 Cent About to Sign $300M MySpace Deal?

Reports have surfaced that 50 Cent is in the midst of putting together a $300M deal with News Corp's MySpace.

Oprah's Harpo Inc. is Black Enterprise Magazine's Company of the Year

Black Enterprise magazine has named Oprah Winfrey’s Harpo Inc. its 2008 BE100s Company of the Year.

Google Targets Africa

The search giant is betting that it can become synonymous with the Internet in Africa.

Jay-Z Closes $150 Million Live Nation Deal

Jay-Z has officially closed his $150 million 360 deal with Live Nation Inc., sources report.

Magic Johnson's Canyon-Johnson Closes New $1 Billion Canyon-Johnson Urban Fund III

The Canyon-Johnson Urban Fund, a partnership of Canyon Capital Realty Advisors and Earvin “Magic” Johnson, today announced the closing of its $1 billion Canyon-Johnson Urban Fund III.