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Black MBA NetWire
arrows June 16, 2016
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In the aftermath of the massacre at an Orlando gay club that took 49 lives and wounded many more in the early hours Sunday, corporations have opened their checkbooks in support of the city, victims, and the LGBT community. (Fortune)
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About 8 in 10 Americans who plan to take a vacation this summer will pay for some of it with savings, according to the CreditCards.com report. 15% said they’re financing their vacation with a credit card and 13% plan on using credit card rewards points or miles. (Black Enterprise)
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Home-loan rates crept up for three weeks in late May and early June. But then came the anemic May jobs report, and they tumbled. Between the Federal Reserve’s announcement Wednesday that it was leaving its benchmark rate unchanged to the United Kingdom’s referendum next week on whether to remain part of the European Union — "Brexit," as it is commonly known — anxiety over the global economic situation is likely to depress mortgage rates for the time being. (The Washington Post)
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7-Eleven
Career
According to a 2014 study on employee engagement and organizational culture by TINYpulse, poor employee-employer relations can have a seriously negative impact on the workplace. (Money)
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Diversity in the Workplace
Hiring for diversity is a great thing for companies to invest in. Some of the most impactful things are quite simple to carry out. (Huffington Post)
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Workforce diversity is important at all levels of your company, but board-level diversity should be a priority if you want to attract and retain the best talent. (Network World)
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Achieving workplace harmony without memorizing a list of do’s and don’t’s, is a daunting challenge. That’s why we have to approach the topic of inclusion in a totally new and different way that goes beyond the discussion of race and gender. (Black Enterprise)
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International
The Bank of England has kept its key interest rates on hold amid heightened uncertainty over whether the country will vote next week to leave the European Union. (The New York Times)
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Hedge funds will be asked to take a hit as Iceland embarks on the last crucial step in dismantling its more than seven-year-old capital control regime. (Bloomberg)
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Gaming tycoon James Packer could boost the value of his stake in his Crown Resorts empire by up to $1.7 billion should investors back a radical break-up of the casino empire sparked by frustrations over its low market valuation. (Brisbane Times)
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Crude oil prices extended their losses in early Thursday trading after the International Monetary Fund warned global economic growth was lopsided. (UPI)
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Highmark, Inc
Education
At more than 100 MBA programs, the percentage of African-American, Latino, American Indian and Pacific Islanders is less than 10 percent. A few schools, however, have a much stronger representation for these and other groups. Here are the 10 schools with the highest percentage of full-time students who are underrepresented minorities.( U.S. News & World Report)
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Paul Quinn College, in partnership with black elected officials across North Texas, is creating an African American Leadership Institute that will be housed on the southeast Oak Cliff campus. (The Dallas Morning News)
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Thermo Fisher Scientific
NBMBAA
The National Black MBA Association Detroit Chapter (NBMBAA Detroit) will host their 40 Years of Legacy and Leadership Black Tie Gala on Friday, June 17, 2016 at MGM Grand Detroit’s Grand Ballroom, 1777 3rd Street, Detroit, Michigan. (Michigan Chronicle)
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Northwestern Mutual
Technology
Say what you will about IBM—and at this point, nearly everything has been said—it is the only tech giant to reach the ripe old age of 105. The company has weathered many a storm since it launched as the Computing-Tabulating-Recording Company in 1911. (Fortune)
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Technology is boosting farmers’ productivity—and triggering buyout bids like Bayer’s. (Bloomberg)
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The Virtual Reality Studio, in Los Angeles announced that it raised $23 million in funding. The funds will go to producing original virtual reality content and positioning VRC as the premier VR storyteller and industry leader. (Black Enterprise)
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The startup, which ties together an array of services through a conversational interface, will help build out Satya Nadella's vision. (Fast Company)
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Entrepreneurship
Black entrepreneurship is booming. African American women are the fastest growing group of entrepreneurs in America, a new study reveals. The report finds that the number of women-owned business grew 1.5 times the national average, and Black women blow that statistic away. The number of businesses owned by African American women grew 322 percent since 1997, making Black females the fastest growing group of entrepreneurs in the U.S. (rollingout)
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Today, the ripple effect of the 1977 ABC miniseries is evident in reality shows, such as "Finding Your Roots," and now the History Channel’s reboot of the epic TV program for a new generation. And African-American entrepreneurs have capitalized on the momentum by helping others find their own roots. (Wave Newspapers)
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At this year’s Clinton Global Initiative (CGI) America 2016 meeting, former President Bill Clinton and Rensselaer Polytechnic Institute President Shirley Ann Jackson discussed just that -- the connection between America’s entrepreneurial future and the $1.2 trillion Americans hold in student loan debt. (Fox News)
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Millennial entrepreneur sells high-quality leather goods produced by local Ethiopian manufacturers (Business Because)
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The Economy
U.S. consumer prices rose a moderate amount in May, driven up by rising energy costs and the biggest increase in shelter costs in more than nine years. (USA TODAY)
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New study says many workers feel too integral to get away, or may worry about returning to piles of work (The Wall Street Journal)
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Personal Finance
Summer is the perfect time to kick the tires on your investment portfolio. (Money)
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Federal Reserve policymakers are putting their heads together Tuesday and Wednesday, with the fate of interest rates on everyone's minds. The path toward higher rates has been bumpy, and Robert Johnson, president and CEO of The American College of Financial Services, is pretty certain they won't be going up anytime soon. (USA TODAY)
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Naylor Association Solutions
Naylor Association Solutions
Corporate America
For more than a half-century, Chicago has been a mecca for black-owned businesses — from hair care products to car dealerships. And the biggest testament to the city’s dominance was John H. Johnson, the founder of Ebony and Jet magazines. (Chicago Sun Times)
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Amazon.com Inc. is slashing fees it charges merchants to sell USB cables, smartphone screen protectors and other small, flat items that can fit in envelopes, posing a potential threat to competing marketplaces owned by Alibaba Group Holding Ltd., EBay Inc. and Wish.com that connect Chinese sellers with U.S. shoppers (Bloomberg)
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If you want to see how Macy’s plans to shake its deep and lengthy sales funk, look no further than the retailer’s newly renovated store at a Columbus, Ohio mall. (Fortune)
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Microsoft’s announcement, on Monday, that it would purchase LinkedIn—its biggest acquisition ever, at more than twenty-six billion dollars—brought to mind an earlier takeover attempt, almost a decade ago. (The New Yorker)
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Government
Philadelphia could soon become the first major U.S. city with a sugary drinks tax after a city council committee voted Wednesday to approve an amended version of a soda tax proposal that would set a 1.5 cent-per-ounce tax on sugary and diet drinks. (Associated Press)
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Leadership
Want to ask your next candidate something different during the standard interview? Check out these seven unique interview questions. (Black Enterprise)
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Lifestyle
There are few names that have as much clout in the fashion industry as supermodel Naomi Campbell and fashion editor and stylist Edward Enninful. Working together for nearly three decades, the duo has delivered some of the most iconic images in fashion and broken barriers with respect to diversity and representation along the way. (Time)
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