Black Executive & Entrepreneur News

Tyra Banks' Bankable Enterprises Now Does Books

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 novel"Modelland". 

"It's a...

John W. Thompson, Symantec Board Chairman, Joins Virtual Instruments as CEO

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 2009.

"Successfully applying...

Oprah Winfrey Network Inks P&G; Ad Deal

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 three years and includes ad time...

Veteran Banker John Utendahl Joins Deutsche Bank

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 up to another minority-owned...

Michael Jordan Second Black Majority Owner of NBA Team

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 franchise.

Outbound owner Robert Johnson...

Tiger Woods Hires Former George W. Bush PR Man Ari Fleischer

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 brought in to help repair the...

Black Billionaires 2010

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 2008. For the third time in...

Who Will Be This Years Richest Black Person?

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 Mohammed Al Amoudi (Rank #43),...

Magic Johnson in Talks to Buy Johnson Publishing

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 than half a...

Cash Money Founders Gets into Oil Business

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 companies website, Bronald Oil &...

Diddy Wants to Start Business School

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 that's one of the things I...

Jay-Z Files Lawsuit Over Hotel Loan

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 Hotel.

"This action...

Eunice Johnson, Founder of Ebony Fashion Fair, Dies at 93

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 minor in art, from Talladega...

Oprah Only Black On 400 Richest American List 2009

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 billion in the past 12 months from...

Sean “Diddy” Combs Signs With interscope Records

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. Under the new partnership,...

World's Most Powerful Black Women 2009

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 first black woman to head a...

Billionaire Michael Lee-Chin Sells AIC's Canadian Retail Investment Fund Business

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 Holdings Inc., which is owned...

Hip Hop Cash Kings 2009 Forbes Ranks The Earners

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 the top spot on Forbes'...

Vibe Magazine Closes

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 notified in a meeting at 2...

VIDEO: Russell Simmons on Innovation and Business

WSJ's Kelsey Hubbard asks music and fashion mogul Russell Simmons what it takes to be an innovator in business and juggle multiple companies.