Black Executive & Entrepreneur News

Diddy Halt's "Sean by Sean Combs"

After finally lunching his womens line earlier in the year after several false starts Combs is temporarily discontinuing the line. The New York Post reports that the line had a strong start at stores like Bergdorf Goodman and...

Diddy Inks Multi-Artist Label Deal With Block Entertainment

Sean "Diddy" Combs announced today that his Bad Boy South record label has inked a multi-artist deal with well-known Southern hip-hop label, Block Enterprises. Bad Boy Worldwide Entertainment and parent company Warner Music Group...

Robert Johnson to Establish U.S. Banking Franchise

Robert Johnson, the founder of Black Entertainment Television has acquired a small Florida bank and plans to move it to Washington as the first step in establishing a nationwide banking franchise to target black customers.

Only Two Blacks on Worlds Richest People List

Forbes magazine has released its annual list of the worlds richest people and this year there are still only two blacks on the list. This year the list is a record 793, up 102 from last year. They’re worth a combined $2.6...

Jay-Z's 40/40 Club Expands to Asia

Jay-Z's 40/40 Club has signed a deal to open three new 40/40 Club sports lounges in Asia. The new clubs which will be located in Shanghai, China, Tokyo, Japan and Hong Kong will open by the end of 2007.

Sean John and G-III Sign License Agreement for Women's Sportswear Line

Sean John, the lifestyle brand, and G-III Apparel Group, Ltd. announced the signing of a license agreement for G-III to manufacture and distribute the Sean John Women's sportswear collection. This young, contemporary line will...

Nelly Expands Apple Bottom

The Apple Bottom women clothing line which is owned by rapper and entrepreneur Nelly is expanding its offering to include items for children and plus-size women, as well as handbags, lingerie and shoes.

Magic Johnson Invests In Mount Vernon Neighborhood

Johnson's Canyon-Johnson Urban Funds is making a new investment in Baltimore's historic Mount Vernon neighborhood, partnering with local developer Struever Bros. Eccles & Rouse on a $34.6 million urban, transit-oriented,...

Beef: And The Winner Is...

Carl Icahn has backed down in his battle against Time Warner chairman Richard Parsons. A truce was reached late last week after Icahn was unable to get the backing needed to execute his planned ouster of Parsons and install a...

Interscope Geffen A&M; Names Step Johnson President of Urban Music

Step Johnson has been appointed president of urban music at Interscope Geffen A&M. Johnson, one of urban music's most prominent executives, has been with Interscope since 1992, most recently co-heading its urban music staff.

Robert Johnson to Buy 100 Hotels for $1.7 Billion

Robert Johnson, founder of Black Entertainment Television, said his investment company has signed a deal to buy 100 hotels for $1.7 billion.

50 Cent Makes 2005 Music's Top Money Makers Top Ten

50 Cent who earned $79 million last year was the only urban artist in the top ten of Forbes magazines Music's Top Money Markers list.

50 is ranked #8 on the list behind Celine Dion who earned $81 million and a head of the Dave...

Slip-N-Slide Signs Deal With Def Jam

Allhiphop.com reports that Miami-based Slip-N-Slide Records, home to rappers Trina and Trick Daddy, has inked a multi-million dollar deal with Jay Z's Def Jam.

Oprah Signs $55 Million Deal With XM Satellite Radio

Billionaire and talk show queen Oprah Winfrey has signed a $55 million deal with XM Satellite Radio. Oprah will get her own channel on XM Satellite Radio under a three-year deal announced Thursday.

XM and Harpo Radio, part of...

BEEF: Carl Icahn VS. Dick Parsons

In what is shaping up to be one mighty showdown, corporate raider Carl Icahn and Dick Parsons, Time Warners CEO and arguably the most powerful black executive in the world are battling for control of Time Warner, the worlds...

Keith Sweat Opens New Luxury Four-Star Hotel in Atlanta

Eurweb.com reports R&B singer and entrepreneur Keith Sweat will open a new four-star hotel in Atlanta this month. The S Hotel, located at 395 Piedmont Ave in Midtown, has 294 rooms which were designed by Sweat. Each room comes...

Tyra Banks' TV Shows Renewed

Former supermodel turned TV entrepreneur Tyra Banks can celebrate the start of a very rewarding year. Both her TV shows America’s Next Top Model and The Tyra Banks Show has been renewed.

Damon Dash's Tiret New York Introduces New Watch

Tiret New York, the company owned by Damon Dash and Daniel Lazar have introduced a new watch model, Debonair. This new model is playing a very strong card in the transparency factor. The case is shaped in Art Deco style and is...

Jeremy Miller Named as CEO and President of The Source

The Board of Directors of Source Enterprises, Inc., the parent company for The Source magazine, announces industry veteran Jeremy Miller as the new president and chief executive officer of the magazine.The appointment was made...

The World's Best-Paid Young Celebrities

According to Forbes' Magazine annual listing of the World's Most Powerful Celebrities, the 11 youngest (under 25 ) on the list earned some $127 million in just one year.