Business

Fiat Chrysler Wants to Drive the Growth of Black Farmers

The automaker is offering $100,000 in scholarships for future black farmers By Frederick H. Lowe The FCA Foundation, the charitable arm of FCA US LLC, the North American automobile manufacturer of Fiat Chrysler Automobiles N.V., is supporting a $100,000 scholarship program for the National Black Farmers Association. The National Black Farmers Association and the FCA Foundation announced the agreement Wednesday[Read More…]

Head of U.S. Black Chambers Supports Trans-Pacific Partnership

  Critics say an agreement could cause a further loss of manufacturing jobs, hurting black-male workers By Frederick H. Lowe Ron Busby, Sr., president of The U.S. Black Chambers Inc., which calls itself the National Voice of Black Business, has given his support to the Trans-Pacific Partnership (TPP), which critics led by U.S. Senator Elizabeth Warren of Massachusetts and other[Read More…]

Black media, Business and Civil Rights Groups Take Issue With Lawsuit Attacking Sharpton

(TriceEdneyWire.com) — Three national African-American organizations have issued a joint statement in response to a $20 billion federal lawsuit filed by television producer Byron Allen, charging Comcast Corp., Time Warner Cable, the NAACP, the National Urban League, Rev. Al Sharpton and his National Action Network, and former Federal Communications Commissioner Meredith Attwell Baker with racial discrimination. In the lawsuit, Allen[Read More…]

Books for Reading and Studying

  By Frederick H.Lowe Black men, it’s time to turn off the television, shut off Facebook and pick and read three books that will change the way we think about ourselves and our history. The books are: “The Protest Psychosis: How Schizophrenia Became a Black Disease,” “Black Moses:  The Story of Marcus Garvey and the Universal  Negro Improvement Association,” and[Read More…]

Lawsuit: Comcast, Time Warner Don’t Have Enough Cable for Black-Owned Media Companies

By Frederick H. Lowe Comcast Corp. and Time Warner Cable Inc., which are seeking the Federal Communications Commission’s permission to merge, generally have refused to do business with media companies that are 100 percent black-owned, according to a lawsuit filed in U.S. District Court for the Central District of California in Los Angeles. Instead, Comcast and Time Warner have signed[Read More…]

Black-owned Firms Participate in Apple and Microsoft Bond Offerings

by Frederick H. Lowe Three African American-owned companies participated in multi-billion debt offerings by Apple Inc. and Microsoft Corp., and Rev. Jesse Jackson, Jr. of Operation PUSH in Chicago hailed the deals as breakthroughs for business diversity. The Williams Capital Group, LP, a New York City-based full-service investment firm that caters to institutional investors and corporate clients, participated in the[Read More…]

Don’t Take Away the Ladder to Success for Aspiring Minority Small Business Owners

  By Djenane Bartholomew Every day my husband and I make decisions that affect the lives of 450 people and their families. It’s a lot of responsibility but above all a labor of love. It is all part of being local franchise owners and living our American dream. The franchise model has been a gateway for millions of people over[Read More…]

McDonald’s Arches Are No Longer Golden for Black CEO Thompson

He retires after less than three years on the job By Frederick H. Lowe The Board of Directors of McDonald’s Corp., the world’s largest restaurant chain, announced on Wednesday that Don Thompson, the company’s president and chief executive officer, will retire March 1. Thompson, who was named CEO in July 2012, also announced that he also is retiring from McDonald’s[Read More…]

Black Men’s Jobless Rate Drops but Remains High

By Frederick H. Lowe The unemployment rate for African-American men 20 years old and older dropped slightly in December compared to November, but the jobless rate for black men still remains twice as high as that of other major worker groups, which includes whites, Hispanics and Asians. The U.S. Bureau of Labor Statistics reported on Friday that last month’s unemployment[Read More…]

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