Black Executive & Entrepreneur News
Oprah Made $712 000 Per Day in 2007
Money bags, Oprah Winfrey, earned $712 000 each day in 2007, according to Forbes magazine.
TVT Records To File For Bankruptcy Protection
TVT Records, home to recording artist Lil Jon & The Eastside Boyz, Ying Yang Twins, Lumidee and Nine Inch Nails, has reportedly terminated the majority of its employees and is expected to file for Chapter 11 bankruptcy...
Warren Buffett's Berkshire Hathaway Buys Big Stake in Kraft Food
Billionaire Warren Buffett's, Berkshire Hathaway has acquired more than 132 million shares of Kraft Food Inc., according to a document filed with the Securities and Exchange Commission Thursday.
Deborah C. Wright's Carver Bancorp, Inc. Announces Third Quarter 2008 Results
Carver Bancorp, Inc., the holding company for Carver Federal Savings Bank, today announced its third quarter 2008 results.
Robert Johnson's RLJ Development Closes $900 Million Hotel Deal
Robert Johnson's RLJ Development LLC today announced the closing of the sale of 22 full and select service hotels to Inland American Lodging Corporation.
Luke Entertainment Group Signs Mobile Content Management Deal
Miami's original bad boy, pop culture icon, and consummate businessman, Luther "Uncle Luke" Campbell's, Luke Entertainment Group is going mobile. Signing a deal with 3Cinteractive to deliver its multimedia content to mobile...
Def Jam Inks Label Deal With DJ Khaled
Island Def Jam Music Group announced today (Feb. 13) that is has entered into an exclusive partnership with DJ Khaled's label, We The Best Music.
T.I.'s Grand Hustle Creates Comedy Division
Grand Hustle Entertainment the company owned by Rapper TI (Clifford Harris) has created a new division called Grand Hustle Comedy.
Hammer Time: DanceJam Raises $3.5 Million
MC Hammer's DanceJam.com has raised another $3.5 million in funding, bringing their total to $4.5 million raised.
Jay-Z And Steve Stoute Start New Advertising Venture
Jay-Z is joining forces with Steve Stoute, to open a new advertising venture, Translation Advertising, an agency that will help marketers reach multicultural consumers.
Grammy Award Winning Entertainer Patti LaBelle Launches Line of Wigs
LaBelle has partnered with direct marketer Especially Yours to launched her own line of quality wigs and hair pieces.
Wesley Snipes Beats The Taxman
Wesley Snipes was acquitted of the most serious charges against him on Friday. He was found not guilty on two felony charges of fraud and conspiracy but was convicted on three misdemeanor counts of failing to file a tax return.
Sean Combs Names Harve Pierre New President of Bad Boy Records
Harve Pierre has been named President of Bad Boy Records, by Bad Boy Entertainment founder and CEO Sean "P Diddy" Combs. Pierre will continue to report directly to Combs, and as President, he will oversee the finance, creative,...
Sears CEO Aylwin B. Lewis Steps Down Amid Reorganization
Aylwin B. Lewis, currently president and chief executive officer, who will leave the company as of February 2, 2008, at the end of the company's fiscal year. Mr. Lewis will also step down from the Sears Holdings board of...
Oprah Winfrey to Launch Cable Network
Oprah Winfrey and Discovery Communications announced plans to create "OWN: The Oprah Winfrey Network." The new multi-platform media venture will be designed to entertain, inform and inspire people to live their best lives. OWN...
Michael Jackson Pays Off Millions in Debts
It appears that Michael Jackson has began to put his financial house in order. He has reportedly began paying off millions of dollars in debts, thanks to settlements and lost legal cases.
Is Jay-Z and Apple Planning A New Record Label?
After stepping down as CEO of Def Jam every one has been wondering what would be Mr.Carters next move? Now the rumors all flying the Mr. Carter is in the process of launching a new music label with Steve Job's Apple Inc.
Shawn 'Jay-Z' Carter To Provide Creative Vision For New Elizabeth Arden And Iconix Brand Group Collections
Iconix Brand Group Inc announced it has entered into an exclusive global licensing agreement with Elizabeth Arden Inc, a global prestige beauty products company, for the development, marketing and distribution of men's and...
Stan O'Neal Forced Out of Merrill Lynch
Stan O'Neal, Merrill Lynch & Co. Chief Executive Officer, has decided to step down after losing the confidence of his board, according to published reports.
Diddy Signs $100 Million Vodka Deal
Sean "Diddy" Combs has inked a 50/50 multi-year deal to market the Ciroc vodka brand that could net him more than $100 million.
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