Categories
Business

Two brothers, no fears and $1 billion empire

Michael and Steven Roberts didn’t have two quarters to rub together a couple of decades ago. Now, the two African-American business leaders estimate their holdings — from hotels to TV stations — are worth $1 billion. One St. Louis hotel they own once barred black people.

“Black folks need legacy. We have to have examples of successes in order for us to be able to let the generations to come know that many of the successes that occurred by African-Americans in this country can be seen and pointed out and can be emulated,” says Michael Roberts, the chairman and CEO of The Roberts Companies.

Categories
Business

Marketing 101: Do Something People Will Talk About


Barack Obama’s staff is not very happy about this poster that promotes nutrition-policy reform going up all over the Washington, D.C. area. White House representatives have already contacted the President of the non-profit association behind the pictures Neal Barnard, but so far they have refused to take the posters down.

Categories
Finance

Peter McKay: London is Calling Again

petehedcut
By: Peter McKay

Because there was a big gain in the stock market today, I got a few calls from broadcast outlets seeking commentary. This has become a semi-regular phenomenon since the fall, with general-interest news shows taking an increased interest in the market and then effectively “borrowing” some expertise from the Wall Street Journal whenever something major happens.

News today was that the market was up almost 190 points to a new high for the year, helped by companies reporting better profits than expected. (Subtext is that everyone is wondering whether this means the recession is over. Short answer: no.)

Categories
Finance

Explaining the Credit Crisis