Posted inMoney

Byron Allen expands empire with purchase of FOX regional sports networks

One year ago, Byron Allen made a historic purchase of The Weather Channel for $300 million along with The Weather Channel’s streaming service, Local Now. However, the businessman, comedian, and executive, was just getting started. A week ago, it was announced that Allen joined the Sinclair Broadcast Group as a minority investor in its purchase […]

Posted inEducation

MC Lyte making dreams a reality for African American Scholars

A social media post recognizing African American scholars has gone viral and it’s all because of a Hip Hop legend. Joshua Williams posted his status as a co-valedictorian at historically Black Dillard University to Instagram, saying that the achievement was thanks to the $50,000 scholarship he received from the Hip Hop Sisters Network that allowed […]

Posted inMoney

Despite dreams of prosperity, many African Americans not financially ready to retire

The nation’s leading public interest group providing seniors and others with information that empowers them to choose how they live, AARP, regularly publishes a retirement calculator that individuals and families can use to provide a personalized snapshot of what their financial future might look like. One simply has to answer a few questions about household […]

Posted inExecutives

Ford cuts 7,000 jobs in restructuring plan

DETROIT (AP) — Ford revealed details of its long-awaited restructuring plan Monday as it prepared for a future of electric and autonomous vehicles by parting ways with 7,000 white-collar workers worldwide, about 10% of its global salaried workforce. The major revamp, which had been under way since last year, will save about $600 million per […]

Posted inElection Central

Gillibrand travels to Georgia to criticize new abortion laws

Democratic presidential candidate Kirsten Gillibrand says that, as president, she’d seek to write into law the U.S. Supreme Court’s landmark ruling that legalized abortion. During a rally at Georgia’s state Capitol on Thursday, the New York senator criticized recent abortion bans signed into law in Mississippi, Kentucky, Ohio, Georgia and Alabama as “a nationwide assault […]

Posted inNews

Indicted Georgia insurance commissioner suspends himself

Georgia’s insurance commissioner says he will voluntarily suspend himself from office two days after being indicted on federal charges of wire fraud, mail fraud and money laundering. A 38-count indictment accuses Jim Beck of orchestrating an elaborate invoicing scheme to steal more than $2 million from his former employer before being elected in November. The […]

Posted inEntertainment

Obamas go Hollywood, set to launch films with Netflix

When Former President Barack Obama occupied the White House, it wasn’t uncommon to see a myriad of celebrities meeting with the Commander in Chief and First Lady Michelle Obama. Some even called Washington, D.C., “Hollywood East,” because of the popularity of the Obamas even among superstars. Now, one year after launching their production company, “Higher […]

Posted inNews

Kemp calls for indicted insurance commissioner to resign

Gov. Brian Kemp called for the resignation of Georgia’s insurance commissioner Wednesday after he was indicted on federal charges of wire fraud, mail fraud and money laundering that stem from alleged crimes that preceded his election. Kemp, in a letter to fellow Republican Jim Beck, asked him to resign his post as the state’s Insurance […]

Posted inNews

Georgia insurance commissioner indicted on fraud charges

Georgia’s insurance commissioner was indicted Tuesday on federal charges of wire fraud, mail fraud and money laundering that stem from alleged crimes that preceded his election. The 38-count indictment accuses Insurance and Safety Fire Commissioner Jim Beck, 57, of devising an elaborate fraudulent invoicing scheme to defraud his employer out of more than $2 million […]

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