Business
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.
NNPA Holds 2014 Annual Convention in Portland
The National Newspaper Publishers Association’s (NNPA) 2014 Annual Convention, POWER OF THE PAST—FORCE OF THE FUTURE, gets underway June 25 and continues through June 28 at the Nines Hotel in Portland, Oregon.
Emory Hires First African-American Woman to Lead Business School
Erika Hayes James, a former senior associate dean for executive education at the Darden Graduate School of Business Administration at the University of Virginia, will assume her new role at Emory on July 15. James earned her Ph.D. in organizational psychology from the University of Michigan and built a career by connecting her knowledge of organizational psychology with executive leadership. She also has served as a consultant to several Fortune 500 companies, according to the Emory announcement.
Home Depot Foundation Launches Second Annual Spring into Service Campaign
The Home Depot® Foundation recently launched its second-annual Spring into Service campaign, a season-long initiative to plant edible gardens that will provide fresh fruits and vegetables for 1,000 homeless U.S. military veterans at facilities that serve them. This effort is part of the Foundation’s five year, $80 million commitment to ensure every veteran has a safe place to call home.
Macy’s Salutes Eras of Black Style in Celebration of Black History Month 2014
This February, culture-defining trends take center stage as Macy’s examines the influence of Black style in celebration of Black History Month 2014. From the Harlem Renaissance to urban wear and high-fashion glamour, Black style has influenced popular culture for decades.
EEOC Report Examines Obstacles Facing Women in Federal Workplace
The U.S. Equal Employment Opportunity Commission (EEOC) today issued a comprehensive report addressing major obstacles hindering equal opportunities for women in the federal workforce, in addition to highlighting stakeholder recommendations. The report is available on EEOC's website at http://www.eeoc.gov/federal/reports/women_workgroup_report.cfm.
IRS Offers Videos to Help Taxpayers Preparing to File in 2014
The Internal Revenue Service is offering taxpayers a number of instructional YouTube videos to help prepare their taxes for the upcoming filing season, which begins on Jan. 31.
AT&T Offers T-Mobile Customers up to $450 Per Line to Switch
AT&T is offering T-Mobile customers the opportunity to upgrade their mobile lifestyle with value of up to $450 per line when they switch to AT&T and trade in an eligible smartphone.
Target: Customers' Encrypted PINs Were Obtained
Target says customers' encrypted PIN data was removed during the massive data breach that occurred earlier this month.
Amazon sees delivery drones as the future
NEW YORK (AP) — Amazon.com is working on a way to get packages to customers in 30 minutes or less — via self-guided drone.
