Press "Enter" to skip to content

Posts published in “Business/Finance”

Anheuser-Busch Donates ‘Great Kings and Queens of Africa’ Art Collection and Scholarships to UNCF

By goodblacknews on November 3, 2012


ATLANTA – A popular and influential collection of artwork featuring African leaders and rulers has returned for public viewing at Morehouse College in Atlanta.  Valued at more than $1 million, “The Great Kings and Queens of Africa” collection of paintings was commissioned by Anheuser-Busch in 1975. Today, the company announced it has donated the entire collection to UNCF (United Negro College Fund), the country’s largest minority education organization, which will distribute pieces from the collection to six UNCF member colleges and universities: Morehouse College, Clark Atlanta University, Fisk University, Xavier University, Dillard University and Benedict College.

Four Great Reads To Jumpstart Your Career

By goodblacknews on October 28, 2012
(Image: Thinkstock)

Are you a young job-seeker fresh out of college? Are you an office baby looking to move up in your career? Are you a college senior who is months, weeks or even days away from walking across the stage? If you answered yes to any of those questions, here are four books that can help you jump start your career post college graduation.

Have No Career Fear: A College Grad’s Guide to Snagging a Job, Trekking the Career Path, and Reaching Job Nirvana (2007) by Ben Cohen-Leadholm, Ari Gerzon Kessler and Rachel Skerritt

Written and edited by three college graduates with contributions from more than 100 graduates, this guide teaches graduates how to be more aggressive, inventive and persistent in looking for a job and how to how succeed and gain respect once they enter the workplace. Advice includes how to network, negotiate a salary and deal with difficult bosses.

ColorComm Offers Something New for Professional Women of Color

By goodblacknews on October 28, 2012

If you are a woman of color who works in communications, Lauren Wesley Wilson thinks she has the perfect organization for you. She is the founder of ColorComm, an initiative that aims to uplift women in the communications industry.

BlackEnterprise.com sat down with Wilson to find out why the young dynamo’s ColorComm organization is different than the numerous other professional programs dedicated to people of color.

Founded in 2011 as a small, invite-only luncheon in Washington D.C., ColorComm has blossomed into a thriving 60-strong membership organization with hundreds, if not over 1,000, enthusiastic supporters.

“What makes ColorComm really stand out is that most professional organizations provide networking just for the purpose of getting a job,” explained Wilson. “This takes networking to a higher level. It’s about learning and growing and when possible, connecting personally. It doesn’t always have to be about landing a job because frankly a lot of these women are happy with their careers.”

Obama Says Consumer Watchdog Can Help With Credit Scores

By goodblacknews on October 27, 2012

WASHINGTON, Oct. 27 (UPI) — U.S. President Barack Obama said the government’s Consumer Financial Protection Bureau will look out for working families and make everyone play by the same rules.

The consumer watchdog was established as part of Wall Street reform to make sure Americans have the information they need to make financial decisions such as paying for college or buying a home, Obama said in his weekly radio and Internet address.

The agency will go after “anyone who tries to take advantage of you, or rip you off,” the president said.

“Starting this month, that includes the folks who come up with your credit score. … The companies that put your credit score together can make mistakes. They may think you had a loan or a credit card that was never yours. They may think you were late making payments when you were on time. And when they mess up, you’re the one who suffers,” Obama said.

“Until this week, if you had a complaint, you took it to the company. Sometimes they listened. Sometimes they didn’t. But that was pretty much it. They were your only real hope.

“Not anymore. If you have a complaint about your credit score that hasn’t been properly addressed, you can go to consumerfinance.gov/complaint and let the consumer watchdog know.”

Mellody Hobson Appointed Chairman Of DreamWorks Animation

By goodblacknews on October 25, 2012

Mellody Hobson, president of Ariel Investments, LLC, a Chicago-based investment firm managing over $3 billion in assets, and one of the largest African American-owned money management and mutual fund companies in the United States, has been named DreamWorks Animation SKG, Inc. Chairman of the Board.  Roger Enrico, who served as Chairman since 2004, has resigned, effective immediately. 

DreamWorks Animation creates high-quality entertainment, including CG animated feature films, television specials and series and live entertainment properties, meant for audiences around the world.  DreamWorks Animation has been named one of the “100 Best Companies to Work For” by FORTUNE® Magazine for four consecutive years. In 2012, DreamWorks Animation ranks #14 on the list. All of DreamWorks Animation’s feature films are now being produced in 3D.

The Company has theatrically released a total of 24 animated feature films, including the franchise properties of “Shrek,” “Madagascar,” “Kung Fu Panda” and “How to Train Your Dragon.”  The Company’s theatrical releases for the current year are “Madagascar 3: Europe’s Most Wanted” on June 8, 2012 and “Rise of the Guardians” on November 21, 2012.

article by Lori Lakin Hutcherson

Chicago’s Black Businesses Get a Bigger Slice of City Contracts

By goodblacknews on October 23, 2012
The Chicago skyline seen from a helicopter.  More black businesses have been given city contracts this year. (AP Photo Pablo Martinez Monsivais)

Chicago businesses owned by African Americans got $193 million, or 21 percent, of the contracts awarded by the city for the first eight months of this year. This is an increase from the mere eight percent ($96 million) they got for the same period last year.

“Although the black contracting surge sounds too good to be true, [Chief Procurement Officer Jamie] Rhee said it’s a product of the mayor’s decision to reform the scandal-scarred minority business program, return certification and compliance to the Department of Procurement Services and ‘really get out there and aggressively talk to people’ about upcoming opportunities,” reports the Chicago Sun-Times.

Regions Financial Partners with Historically Black Colleges and Universities

By goodblacknews on October 14, 2012


BIRMINGHAM, Ala.- Regions Financial (NYSE:RF) today announced the formation of the Regions HBCU Partnership, a collaboration with six Historically Black Colleges and Universities (HBCUs) in the Southeastern United States supporting financial education, academics, athletics, and alumni engagement.  The Regions HBCU Partnership kicks off during the fall of 2012 at the following institutions, with plans to expand the program to additional HBCUs in the future:

More Blacks Found Jobs in September

By goodblacknews on October 7, 2012
Black Unemployment Rate Declined in September
More people are working and that is reflected in the most recent unemployment numbers released by the Labor Department Friday morning. African-Americans had reason to cheer as their unemployment rate fell to 13.4 percent, down from 14.1 percent in August. Though still extremely high, African-American teen joblessness dropped slightly from 37.9 to 36.7 percent.  The national jobless rate declined to 7.8 percent from 8.1 the previous month.  The unemployment rate is at a 44-month low, and is now the same as when President Obama took office in 2009. This drop could give the president a boost after his disappointing debate performance against Mitt Romney.

Wall Street Preparing For Obama Victory As Romney Falls Behind In Polls

By goodblacknews on October 1, 2012

wall street barack obama
NEW YORK — As President Barack Obama widened his lead over Mitt Romney in polls this month, traders at hedge funds and investment firms began shooting emails to clients with a similar theme: It’s time to start preparing for an Obama victory.
What many in the market worry about isn’t that high earners may pay more in taxes if Obama wins. They worry that federal spending cuts and tax hikes scheduled for 2013 will kick in on Jan. 1 and start pulling the country into another recession. The higher taxes and lower spending would total $600 billion. They take effect automatically unless Congress and the White House reach a deal before then.

Three Black Former Workers Win $200,000 From AA Foundries Inc. In Racial Harassment Judgment

By goodblacknews on September 29, 2012

A San Antonio company has been ordered to pay $200,000 to three black ex-workers who say they were racially harassed by derogatory comments and a noose at the office.
The Equal Employment Opportunity Commission on Thursday announced a federal jury’s punitive damages against AA Foundries Inc. The company makes components for water wells.
The EEOC says a company superintendent called adult African-American males “boys.” A noose was found at the workplace after several employees filed harassment charges. Authorities say the superintendent said the noose was “no big deal” and the workers were “too sensitive.”  The three men later left the company. The EEOC sued last year.
AA Foundries lawyer Stephen White says the company will appeal.