Press "Enter" to skip to content

Posts published in “Business/Finance”

An Invention That Marinated for 19 Years: Mary Hunter's Marinating Sticks

Mary Hunter, Inventor of Mary’s Marinating Sticks  (Photo Credit: Sally Ryan for The New York Times)

Back in 1994, Mary Hunter had an idea for an innovative marinating stick. She’s been following through on it ever since — winning a TV-show contest and gaining chefs’ approval.  Mary Hunter has always been happy to cook for her congregation at the Yes Lord Church in Gary, Ind. Her recipes, she told me, come directly from God. “I don’t have a cookbook,” she said. “God gives me my own.” Prayer is “where I get 99 percent of my recipes.”

Mrs. Hunter, who is 73, likes to cook big roasts for her church, “and if I had a difficult piece of meat I might marinate it in some beer and celery” with a blend of her secret seasonings. When she learned that she had diabetes and high blood pressure, though, she had to cut out her salty marinades and cook the meat more blandly.
Then, one day, God had an idea. “I was writing down some recipes and God said to me that I should take that ink pen and stick holes all though it and put a clip on one side so that you can open it” — lengthwise — “and then put your onions and your garlic and your aromatics down the middle and put it inside your meat — then, you won’t have to eat bland foods.” And so was born her invention, a long stainless steel device that, according to tests in restaurants and elsewhere, far outperforms those herbal injectors and other disappointing methods for introducing flavors into the interior of a big piece of meat.
Later this month, Mary’s Marinating Sticks are scheduled to go on sale in Target stores. Mrs. Hunter’s invention follows the classic arc seen in movies: she had a good idea, got it patented and found a market.  But that’s the movies. In real life, it’s never that easy. For starters, Mrs. Hunter’s divine idea came to her in 1994. She’s been following through ever since.

Lameka Weeks Designs Height Goddess Fashions for Tall Women

Lameka Weeks - HEIGHT GODDESSLameka Weeks founded Height Goddess because, simply put, she was sick of settling. For years—decades even—clothing brands and manufacturers have largely ignored the plight of the tall woman. Sure, petites and plus size have dedicated sections and even full stores aplenty, but tall women have had to settle for clothes that don’t fit and don’t flatter for far too long. Height Goddess is a contemporary line for women measuring 5’9” & taller. In 2007, with no formal fashion training,  
Weeks sought out to find experienced industry professionals to assist her  in developing premium denim for tall women. For over two years,  she continuously worked to ensure each style embodied the confidence and beauty of a tall, fashion- forward woman who is innovative and timeless. All of Height Goddess’ garments are designed in house and proportioned for women 5’9″ & taller. Week’s garments are also made in the USA. After a few seasons the collection has grown to include dresses for tall womentall pants for women and tops for tall women.
Through fashion, Weeks hopes to inspire women to love their height, embrace their uniqueness and spread the same confidence to others.
How did you launch your career and get to where you are today?
I knew at an early age I wanted to do something related to fashion catering to tall women. Initially, I thought to open a boutique but after researching for vendors who produced clothing for tall women there were very few and those that did were very outdated.  I realized I would have to create my own brand. HEIGHT GODDESS is a contemporary clothing line designed specifically for the tall, fashion-forward woman.
What have you had to sacrifice along the way, if anything?
Because I’m building my business while working full-time my time is very limited and planning it a must. In the past I have been known to wake-up and decide I want to take a trip and within hours I’d be on a plane or in the car, not so much anymore.  It takes a lot to run this business and I’ve had to make a lot of sacrifices but it’s been a great journey thus far.

Sean ‘Diddy’ Combs Donates $250,000 to Organization That Teaches Entrepreneurship to Low-Income Youth

Sean “Diddy” Combs & NFTE
All-star entrepreneur and entertainment mogul Sean “Diddy” Combs attended the NFTE Youth Entrepreneurship Challenge in New York where he presented a check for $250,000 to the organization which works to empower kids through entrepreneurship education. (Photo: NFTE)

Sean ‘Diddy’ Combs may have come from humble Harlem roots, but that did not stand in the way of his growing an estimated personal fortune of $580 million, according to Forbes magazine. Now giving back to inner city youths with similar entrepreneurial dreams, the media mogul has donated $250,000 to an organization that helps low income children learn the brass tacks of business.  Last Thursday at the Times Center in New York City, Combs presented a $250,000 check to the Network for Teaching Entrepreneurship (NFTE), an international non-profit dedicated to teaching underprivileged young people to think like entrepreneurs.
“I’m definitely proud that I could do something positive,” the founder of Bad Boy Entertainment told theGrio. “Being able to have a certain amount of economic power, to me, gives you the opportunity to help people and support great causes. NFTE is a great cause.”
Combs did not merely stop by and drop off some cash. Before the gala where his gift was announced, the rapper and clothing impresario spoke in depth with NFTE finalists in a national business competition. The 2013 NFTE National Youth Entrepreneurship Challenge included 39 students representing 35 different businesses. Winners Toheeb Okenla and Jesus Fernandez won the $25,000 first prize for their idea, T&J Soccer, which produces a special sports sock containing pockets for shin protectors.
The music producer and branding expert was on hand to personally mentor NFTE participants and nurture their business ideas at the benefit.  “I wish I had a NFTE when I started. That could really have showed me the importance of combining what I learned in school, and then applying that to my street smarts,” Combs said of working with the group.
Business advice for tomorrow’s leaders
What is Combs’ best advice for young business leaders of the future?
“Don’t be afraid to close your eyes and dream, then open your eyes and see,” the entrepreneur affirmed. “It’s a quote I came up with when I was 19. Sometimes it’s hard to come up with something that doesn’t already exist. That’s really being in the darkness. A lot of people get scared in the dark.”

Xerox’s Ursula Burns, Shonda Rhimes Among ‘Fortune’s 50 Most Powerful Women In Business

Sam's Club CEO Rosalind Brewer
Sam’s Club CEO Rosalind Brewer

Fortune‘s list of the 50 most powerful women in business includes a few women of color, among them Ursula Burns, CEO of Xerox at number 13; Rosalind Brewer, the CEO and president of Sam’s Club, a Wal-Mart company, at number 15; and Shonda Rhimes “Scandal” and Grey’s Anatomy” executive producer at number 50.
The list notes that Burns’ Xerox makes more than half of its $22 billion in revenue from business services other than copying. Madame Noire spoke with Burns, the first African-American woman to lead a Fortune 500 company, this summer before she received the Prism Award for Graphic Communications Management and Technology. “At all levels of leadership, we’re starting to see more and more women and African-American males. We’re just at the start. It’s evolutionary, not revolutionary,” she told us.
Brewer is head of a $56.4 billion company, one of three companies in the Wal-Mart behemoth. Not only is she driving up the numbers for Sam’s Club, which would be a Fortune 500 company on its own, she’s also a board member for Lockheed Martin, a company that also appears on this list of powerful women a couple of times. (Marillyn Hewson, the defense contractor’s CEO and president, is number four on the list.)
TV Powerhouse Shonda Rhimes
TV Powerhouse Shonda Rhimes

And of course we know who Shonda Rhimes is. One of the few women in the entertainment business to appear on the list, Rhimes is also among the youngest at 43 years old. (Marissa Mayer, 38, Yahoo’s CEO at number eight and Marianne Lake, JPMorgan’s 44-year-old CFO at number 49, are a couple of the others.) Not only are Rhimes’ shows – Scandal and Grey’s Anatomy — generating dollars for Disney’s ABC network, Fortune cites her impact on pop culture. In a related story, Rhimes says that the secret sauce for a show like Scandal is hard work. “You’re forced to innovate. There’s no resting on laurels,” she says.
Total aside, but when a fan asked whether Mellie will be given a love interest so that Fitz can see how he would react “to the table being turned,” Rhimes says, “Fitz is Mellie’s love interest.” Gah!
Number one on the list is IBM’s chairman, president and CEO Ginny Rometty who’s been leading the century-old computer company for two years.
article by Tonya Garcia via madamenoire.com

TV One Lands Rights to Broadcast NAACP Awards For Next Five Years

naacp-image-award__131007152952-275x479The NAACP and TV One network have inked a five-year agreement for the NAACP Image Awards, beginning with the live airing of the 45th NAACP Image Awards in February 2014. The Image Awards had long been a staple on broadcast TV. They aired on NBC for nine years before moving to Fox. NBC took over as a network home for the last two editions of the awards show, which honors “the accomplishments of people of color in the fields of television, music, literature and film and also honors individuals or groups who promote social justice through creative endeavors.”
TV One said it will air live broadcasts of the Image Awards and red carpet arrivals in 2014. In addition, the network will provide promotional support on TV One, Radio One and Reach Media, Interactive One, and via a multi-platform marketing campaign.
article by Nellie Andreeva via deadline.com

Geraldine Moriba Named Vice President of Diversity and Inclusion for CNN Worldwide

gmoriba
CNN recently named Geraldine Moriba the Vice President of Diversity and Inclusion.  In her new role, Moriba will offer strategic guidance on issues of diversity to the CNN Management team and chair the network’s diversity council.
Of her new position, CNN President Jeff Zucker said: “Geraldine is the ideal candidate to take on this very important role within the organization at a critical time for us,” said Zucker. “I had the pleasure of working with her prior to my time at CNN, and always found her to have a terrific sensibility and understanding of some of the complex issues we face when it comes to diversity and inclusion. As we look to reimagine what CNN will be in the years to come, this role on my team will be invaluable in shaping the kind of organization we want and need to have.”
Moriba, an award-winning producer who led CNN’s “In America” documentary team, is passionate about diverse content making it on air: “Some of the smartest journalists in the business work at CNN and I know that the prevailing sentiment in our newsrooms is that it is crucial for our content and workforce to reflect the audience we serve,” she said. “These are goals accomplished by working as a team. This isn’t only about pursuing a noble purpose, it’s about continuing to share news from across our increasingly diverse and interconnected world, in even more effective ways.”
Moriba’s experience includes 16 years at NBC News and a number of prestigious awards including Emmy Awards, an Alfred I. DuPont Award and two Peabody Awards.
article via clutchmagonline.com

Black farmers to Receive Payouts in $1.2 Billion From Federal Lawsuit Settlement

After years of protests and lawsuits, black farmers in the south will begin receiving payments this week as a result of a $1.2 billion settlement in their discrimination case against federal agriculture officials. About 18,000 farmers in total are expected to receive checks over the next few days.black farmers
This is the second round of funding for black farmers. Thousands received payments in 1999 as part of a settlement in a class-action suit over allegations of widespread discrimination by federal officials who denied loans and other assistance to black farmers because of their race.
“After all these years and all the fighting, this is what it’s all about,” says John Boyd, president of the National Black Farmers Association, which pushed Congress for the settlement. “It doesn’t take away what the government has done to us, but for those who receive the payments it will make a difference in their lives.”
About 40,000 black farmers filed claims in the $1.2 billion settlement, which ended a discrimination case against the United States Department of Agriculture. In 2010, President Obama signed the bill authorizing compensation for discrimination in farm lending by federal officials.  Black farmers will receive settlement payments of $62,500, including $50,000 for the claim and $12,500 for taxes. Of the $1.2 billion, about $91 million was approved for attorney fees.

Natural Girls United! Customizes Dolls With Natural Hair Styles

tumblr_mu0c14wDtL1rwazoko6_1280

Who needs a Barbie when you can get a customized doll with your favorite natural hair style? Karen Byrd started the The Natural Girls United! project to showcase the positive view of ethnic beauty.

tumblr_mu0c14wDtL1rwazoko3_1280
From Karen Byrd’s bio:

There have been quite a few studies done that show that African-American boys and girls often think of black dolls as bad and white dolls as good.  Of course, this is not something that the parent is teaching their child. So why are they getting these mixed messages about good and bad skin color, or good and bad hair?  It all has to do with the images they see as they grow up. If a child is constantly looking at images, dolls, television, books and magazines – and only seeing beauty as something or someone with non-ethnic features and long, straight hair – then they are going to assume that this is what beauty is. It is something that has hurt our young people for centuries.  

8810532

The Natural Girls United! come in a variety of styles. There’s dolls in dreadlocks, kinky twists, as well as short-cropped afros. Not to be left out, there’s even a male doll with dreadlocks. The prices range from $45.00-$140.00. For more information on the dolls, check out the site www.naturalgirlsunited.com or follow Natural Girls United on Twitter and Natural Girls United on Facebook.

article by Yesha Callahan via clutchmagonline.com

 

Damon Wayans Jr. Sells Comedy Pilot to Fox Network

Damon Wayans Jr
Damon Wayans Jr. (Tommaso Boddi/WireImage)

Fox has landed “Man/Child,” a project from Damon Wayans Jr. with a pilot production commitment.  Comedy centers on two single dads who move in together and struggle to find the balance between being responsible parents and debaucherous bachelor.  “Wilfred” showrunners Reed Agnew and Eli Jorne will pen and executive produce “Man/Child,” with Wayans Jr. also executive producing.  “Modern Family” director Jason Winer will direct “Man/Child” and also receive an executive producer credit.  20th Century Fox TV and Small Dog Picture Company will produce the pilot.
“Man/Child” marks one of Wayans Jr.’s first forays behind the camera. The thesp, who hails from the comedic powerhouse Wayans family, appeared in Fox’s “New Girl” pilot before ankling the show and taking on a lead character on ABC’s “Happy Endings.” “Happy Endings” was cancelled after three seasons by ABC earlier this year.
article by AJ Marechal via Variety.com

Shaquille O’Neal Acquires Minority Ownership Stake in Sacramento Kings

NBA basketball player Shaquille O'Neal speaks onstage at the 27th Annual Great Sports Legends Dinner to benefit the Buoniconti Fund to Cure Paralysis at The Waldorf=Astoria on September 24, 2012 in New York City. (Photo by Theo Wargo/Getty Images for The Buoniconti Fund To Cure Paralysis)
NBA basketball player Shaquille O’Neal speaks onstage at the 27th Annual Great Sports Legends Dinner on September 24, 2012 in New York City. (Photo by Theo Wargo/Getty Images for The Buoniconti Fund To Cure Paralysis)

Shaquille O’Neal is joining the ownership group of the Sacramento Kings.  The Kings announced Monday that O’Neal has acquired a minority stake in the team under new owner Vivek Ranadive. The Kings will introduce the four-time NBA champion at a news conference Tuesday in Sacramento.
O’Neal tormented the Kings during the height of his career with the Los Angeles Lakers, and handed Sacramento its biggest blow by rallying the Lakers from a 3-2 deficit to win the 2002 Western Conference finals.  O’Neal retired after the 2010-11 season and has worked as an analyst for TNT the last two seasons.
article by Antonio Gonzalez, AP via thegrio.com