Category: BUSINESS

Beginning in April 2010, some of the largest brokerage firms in the United States are imposing penalties on accounts that don’t fall within a substantially high investment range. As part of a larger plan to focus only on those top-tier clients who bring in an impressive income, these brokerage firms are bypassing the potential revenue […]

Entrepreneur and philanthropist Sheila Crump Johnson is the only African-American female to enjoy ownership in three professional sports teams: the WNBA’s Washington Mystics, the NBA’s Washington Wizards and the NHL’s Washington Capitals. Furthermore, as CEO of Salamander Hospitality, a company she founded in 2005, Ms. Johnson oversees a growing portfolio of luxury properties, including Woodlands […]

As part of a three-part series, the AFRO is profiling up-and-coming entrepreneurs who are growing popular businesses while juggling traditional nine-to-five careers, spouses and children. This month, Baltimore-based shoe designer Cash Hollis shares how she turned her flair for fashion into profit. Cash Hollis Arena S. Shoe Collection Cash Hollis is immersed in all things […]

A business begins with a great idea that will provide a product or a service to a community. Although every great idea deserves to be explored, not everyone has the same opportunity to develop his or her business ventures. Even though people of color currently make up 33 percent of our population, minorities own only […]

Baltimore businessman Eddie C. Brown grew up studying the men in the white shirts and ties as opposed to those in the field and factories in his home town of Apopka, Fla. With his grandmother instilling in him the belief that studying hard and staying in school would grant him his own white shirt and […]

Throughout his storied career, New York-born media mogul Russell Simmons has helped bolster the image and scope of hip-hop culture. Now in his 50s, the multifaceted maven shows no signs of slowing down. With his new ventures, such as the Rush Card and his Global Grind Web site, Simmons has evolved into a business industry […]

African Americans have historically been a resilient, industrious people, particularly during times when disparities in compensation and promotion relegated people of color to low-wage service positions. While there has always been an exceptional cadre of Black business icons like hair styling guru Madame C.J. Walker, shipbuilder Paul Cuffe and peanut aficionado George Washington Carver, many […]

DETROIT (AP) — If the economy cooperates and auto sales recover a bit, General Motors has a reasonable chance of turning a full-year profit in 2010, its new chief financial officer said last week. Former Microsoft CFO Chris Liddell, at his first meeting with reporters in Detroit, said the automaker is making money in Brazil […]