In an effort to spur economic revitalization in Haiti, Bob Johnson, founder and chairman of The RLJ Companies (RLJ), today announced a strategic relationship with Global Building Solutions, LLC,... [more]
Tyra Banks announced today the appointment of Patrick Vien as President & COO of Bankable, effective immediately. Vien will join forces with Banks, to lead the global development and growth of... [more]
Butch Lewis Productions, Inc. (BLP) and IMG Worldwide, Inc. (IMG) today announced the formation of a joint venture to develop and operate a talent management company that primarily represents... [more]
Industry icon and media personality Tyra Banks has joined IMG for commercial endorsements and fashion related opportunities. The announcement is the first of several expected in the coming... [more]
Frederick O. Terrell will rejoined Credit Suisse as Vice Chairman of the Investment Banking Department, effective June 1, 2010.
Mr. Terrell said, "I am very excited to be returning to the... [more]
Tyra Banks is expanding her Bankerable Enterprises with the creation of Bankable Books.
Banks has signed on with Delacorte Press, an imprint of Random House to write a three series... [more]
John W. Thompson, Symantec Board Chairman and former CEO, has taken on the role of CEO of Virtual Instruments. Thompson joined Virtual Instruments as an investor and board member in... [more]
OWN (Oprah Winfrey Network), has inked its first major multiyear advertiser deal with consumer goods company Procter & Gamble (P&G).
The deal valued at more than $100 million, spans... [more]
Veteran banker John Utendahl is moving to Deutsche Bank.
The 52-year-old Utendahl had run his own boutique investment bank, Utendahl Capital Partners LP, from 1992 until this year, when he gave it... [more]
The NBA has approved Michael Jordan as the next principal owner of the Charlotte Bobcats making him the first former player and second black to own a controlling interest in an NBA... [more]
Tiger Woods brings in the big guns to help repair image after sex scandal.
The NY Post reports that Ari Fleischer, the former presidential advisor to George W. Bush and the man who was... [more]
Forbes magazine has released it's annual ranking of the worlds richest people. This year there are 1011 billionaires in the world up from 793 a year ago but still shy of the record 1,125 in... [more]
Today Forbes magazine will release its annual ranking of the world's richest billionaires. On last years list there were 6 black billionaires, how many will there be this year?
Last year Ethiopia's... [more]
Former NBA star Earvin Magic Johnson reported is in talks to acquire Johnson Publishing Co., publisher of Ebony and Jet magazines and an archive of iconic photographs documenting U.S. black life for... [more]
Cash Money Records co-founders Ronald "Slim" Williams and Bryan "Birdman" Williams have started an oil exploration company called Bronald Oil & Gas.
According to the... [more]
Appearing on CNN's AC360, Sean Combs, the CEO of Sean John Clothing and Bad Boy Entertainment told his interviewer, "I want to have an academy that's known for building leaders. I feel... [more]
Shawn "Jay Z" Carter is suing financing firm Highland Capital Management LP over a 2007 loan to build a hotel in Manhattan’s west side neighborhood of Chelsea, which was to be called the J... [more]
Eunice Johnson, widow of EBONY magazine founder, John H. Johnson, has died at the age of 93.
Born in Selma, Alabama, on April 4, 1916, Johnson received her bachelor’s degree in sociology with a... [more]
Forbes magazine has released it's annual ranking of America's 400 richest people. For only the fifth time since 1982, the collective net worth of The Forbes 400, has declined, falling $300... [more]
Multiplatinum-selling and three-time Grammy-winning Sean “Diddy” Combs, has signed with Interscope Geffen A&M, it was announced yesterday by Jimmy Iovine, Chairman of Interscope Geffen A&M.... [more]
Ursula Burns, is the fourteenth most powerful woman and most powerful black woman in the world according to Forbes magazine's annual ranking of The 100 Most Powerful Women in the world. Burns is the... [more]
AIC Limited announced today that Manulife Financial has signed an agreement to acquire AIC’s Canadian retail investment fund business.
The business is being sold by privately held Portland... [more]
Forbes magazine has released it's third annual ranking of Hip Hop's top earners. Shawn Carter aka Jay Z tops the list for the second time with an estimated $34 million in 2006, earning him... [more]
Vibe, the magazine started by Quincy Jones and Time Warner in 1992 is closing immediately, a spokeswoman said Tuesday.
The spokeswoman, Tracy Nguyen, said the Vibe staff would be formally... [more]
WSJ's Kelsey Hubbard asks music and fashion mogul Russell Simmons what it takes to be an innovator in business and juggle multiple companies.
RJR Communications, Inc. the parent company of American Legacy Magazine announced the end of a nearly decade-and-a-half partnership with Forbes magazine. “Since the magazine was launched in 1995... [more]
Urban Trust Bank (UTB) announced plans to open 7 additional branches in Florida previously operated by SunTrust Bank, a company UTB recently aquired. Each acquired branch is located within a local... [more]
Forbes magazine has released it's annual ranking of the world's ultra famous and most powerful celebrities.
The Celebrity 100, is a measure of entertainment-related earnings and media... [more]
The entertainment database company The Ulmer Scale released today its first major overview of star bankability in two years with its new edition of its Actors Hot List. The 2009/10 edition reveals... [more]
Aetna’s Chairman and Chief Executive Officer Ronald A. Williams topped the 2009 list of “America’s Best CEOs” in the Health Care - Managed Care category of Institutional Investor magazine’s annual... [more]
Xerox Corporation's board of directors announced today that Anne Mulcahy, chairman and chief executive officer, will retire as CEO effective July 1st. Ursula Burns, current president of the company,... [more]
50 Cent talks business with KING magazine, touches current economic crisis, Jay-Z and Diddy.
Hip Hop community site Global Grind, seems to have quietly replaced CEO Navarrow Wright, who is no longer listed on the company's About Us page suggesting that Wright and the company have parted... [more]
Femi Otedola is Nigeria's newest billionaire according to Forbes magazine's 2009 ranking of The World's Billionaires. Mr. Otedola is the chairman of African Petroleum a marketer of refined petroleum... [more]
There are 793 billionaires in the world according to Forbes magazine down from 1,125 a year ago. Black billionaires still make up less than one percent of the worlds total billionaire count.This year... [more]
