Business

‘Tis the Season to Safeguard Your Identity

The hustle and bustle of the holiday season is an exciting time. But from the crowded malls to the big online markdowns, a silent threat lurks – one with the ability to wipe out your good financial standing and make it a not-so-jolly holiday for you and your family.

South Suburban College Offering Free Business Workshops

One never knows if a new business or product will be successful. Some take off, while others fail.

Chrysler Recalls Over 566,000 Trucks, Suvs

Fiat Chrysler is recalling more than 566,000 trucks and SUVs in two recalls for malfunctioning fuel heaters that can cause fires and a software glitch can disable the electronic stability control.

Sprite Celebrates LeBron James’ Homecoming with New Video Showcasing His “First Home Game”

Sprite launched a new inspirational video that captures LeBron’s return to his hometown of Akron from a whole new perspective. Directed by Jacob Rosenberg of the Bandito Brothers, the video “The First Home Game,” features James' on-the-court highlight footage as local fans share their anticipation for his first home court appearance of the season. "I Bet My Life," the new single from Grammy Award-winning rock band Imagine Dragons, serves as the background track.

CBA Meeting Focuses on Health Care Insurance for Small Businesses

The Chatham Business Association’s (CBA) monthly membership meeting at the QBG Foundation Building, 806 E. 78th St., on Oct. 14, highlighted health benefits and services available to small businesses under the Affordable Care Act (ACA).

Toyota Delivers Hybrid Vehicles to Twenty-Two HBCU's

Toyota will deliver brand new hybrid vehicles to select Historically Black Colleges and Universities (HBCUs) to kick-off the fifth-year of the Toyota Green Initiative—an environmental stewardship platform designed to educate HBCU students and alumni on the benefits of adopting a sustainable lifestyle. The donation is in conjunction with Toyota's continued support of HBCU athletic programs in both the Central Intercollegiate Athletic Association (CIAA) and Southwestern Athletic Conference (SWAC). Twenty-two HBCUs will receive a Toyota Prius this fall.

FHA to Eliminate “Post Payment” Interest Charges

Agency will also ensure borrowers of adjustable-rate mortgages receive earlier notice of rate changes

Study: Millennials Less Trusting than Gen X Was

They're often pegged as the civic-minded, do-gooding generation. But while they're still optimistic about their own personal prospects, a new study finds that today's youth are often more skeptical of the country's institutions than the young generations that preceded them.

Seaway Bank and Trust Co. Welcomes New President and CEO

Seaway Bank and Trust Company, Chicago’s largest black-owned bank, welcomed its new president and CEO last Friday at a meet and greet reception held in his honor. Darrell B. Jackson (right), 56, former president of Northern Trust’s wealth management department in suburban Illinois, started in his new position this month replacing Walter Grady who led Seaway for more than 30 years before retiring July 31.

Comcast Offers Up to Six Months of Complimentary Internet Service for Low-Income Families

Comcast recently announced that it will include up to six months of complimentary service for any new family that has not yet applied for Internet Essentials. Families who are approved for Internet Essentials between August 4th and September 20th, 2014 will receive up to six months of Internet service. Since 2011, Comcast’s innovative broadband adoption program has connected more than 350,000 families, or about 1.4 million low-income Americans, to the power of the Internet. The program is available in 39 states and the District of Columbia.

Bank of America nears $16B-$17B settlement with US over sale of securities

WASHINGTON (AP) — Bank of America is nearing a $16 billion to $17 billion settlement to resolve an investigation into its role in the sale of mortgage-backed securities before the 2008 financial crisis, a person directly familiar with the matter said Wednesday.

Survey: U.S. Companies Add 218,000 Jobs in July

A private survey shows that businesses hired at a healthy pace in July, though the job gains slowed from the previous month.

African-American Homeownership Increasingly Less Stable, More Risky

While historical barriers that excluded Black America from the homeowner market for decades have crumbled, there are signs that emerging types of racial inequality are making homeownership an increasingly risky investment for African-American home seekers. A new study from sociologists at Rice University and Cornell University found that African-Americans are 45 percent more likely than whites to switch from owning their homes to renting them.

Northern Trust Veteran Named President and CEO of Seaway Bank

Seaway Bank & Trust Co., Chicago’s largest black-owned bank, named Northern Trust veteran, Darrell Jackson, as its new president and chief executive officer, replacing Walter Grady who led Seaway for more than 30 years and will retire July 31.

Dr. Oz Scolded at Hearing on Weight Loss Scams

Under pressure from Congress, celebrity doctor Mehmet Oz on Tuesday offered to help “drain the swamp” of unscrupulous marketers using his name to peddle so-called miracle pills and cure-alls to millions of Americans desperate to lose weight.