News & Articles
Up-to-date information about Black entrepreneurs, executives & Black owned or controlled companies.
News, analysis, personal and business finance information, research about Black entrepreneurs, Black executives and Black owned companies. We aim to provide the infomation to keep you informed as you build your business career.
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Muhammad Ali Sells Name, Image for $50 Million
Created by BlackEntrepreneurProfiles.comEntertainment and licensing firm CKX announced Tuesday that it is paying Ali $50 million in cash to acquired an 80% interest in the name and likeness…
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Funkmaster Flex Signs Endorsement Deal With Cooper Tire
Created by BlackEntrepreneurProfiles.comCooper Tire & Rubber Co. has signed Funkmaster Flex to a year-long endorsement contract. Flex will appear in a new print advertisement for the Cooper…
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Carver Bancorp, Inc. to Acquire Brooklyn's Community Capital Bank
Created by BlackEntrepreneurProfiles.comCarver Bancorp Inc. (Amex: CNY), on Thursday said it agreed to acquire Brooklyn, New York-based Community Capital Bank for $11.1 million, or $40 per…
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Suge Knight Files for Bankruptcy
Created by BlackEntrepreneurProfiles.comMarion "Suge" Knight filed for bankruptcy yesterday to avoid losing control of his Death Row Records in a $107 million civil-court judgment, his…
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Sean Combs' Unforgivable at the NYSE
Created by BlackEntrepreneurProfiles.comFederated Department Stores & Estee Lauder Companies celebrated the successful launch of Sean Combs' Unforgivable at the NYSE. Unforgivable, the…
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Court to Take Control of Death Row Records
Created by BlackEntrepreneurProfiles.comLos Angeles County Superior Court Judge Ronald M. Sohigian on Thursday March 23, ordered Suge Knight to appear at a hearing next month to discuss his…
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Dave Mays and Benzino Loses The Source
Created by BlackEntrepreneurProfiles.comBlack Enterprise/Greenwich Street Corporate Growth Partners has won its ongoing legal battle for control of The Source Magazine. Dave Mays and Raymond…
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Diddy Halt's "Sean by Sean Combs"
Created by BlackEntrepreneurProfiles.comAfter finally lunching his womens line earlier in the year after several false starts Combs is temporarily discontinuing the line. <LINK…
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Diddy Inks Multi-Artist Label Deal With Block Entertainment
Created by BlackEntrepreneurProfiles.comSean "Diddy" Combs announced today that his Bad Boy South record label has inked a multi-artist deal with well-known Southern hip-hop label, Block…
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Robert L. Johnson to Acquire Metro Bank
Created by BlackEntrepreneurProfiles.comRobert L. Johnson, controlling shareholder of privately held RLJ Companies, LLC ("RLJ"), founder of BET and majority owner of the NBA Charlotte…