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Black MBA NetWire
arrows May 12, 2016
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Top News
With graduation season coming up quickly, so many qualified, new professionals will be flooding the job market left and right. But worry not—whether you’re someone freshly entering the working world this month or not, there are also plenty of jobs to be had. (The Muse)
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Tax receipts surged in April to generate the largest monthly U.S. budget surplus in seven years, the latest sign that climbing stock values, hefty corporate profits and rising incomes for wealthier Americans are improving the nation’s budget picture. (The Wall Street Journal)
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On Wednesday, the search engine announced that it would ban ads for payday lenders (and similar services) starting on July 13. (The Atlantic)
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Should governments step in to regulate work emails and so rescue harassed staff from the perils of digital burnout? The answer in France appears to be "Yes". (BBC)
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Regeneron Pharmaceuticals Inc.
Career
A new study suggests that American employees are motivated by professional growth opportunities that promise purpose and fulfillment but not necessarily a promotion or a bigger paycheck. (Harvard Business Review)
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There’s no question that a lot of preparation goes into every job interview. From making sure you have enough copies of your résumé, to enough background knowledge about the company, and a clear mind to answer any questions thrown your way, leading up to an interview can be a bit nerve wrecking. (Black Enterprise)
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7-Eleven
Diversity in the Workplace
Praxair, Inc., a leading global industrial gas company, announced today that it has been named to DiversityInc's 2016 list of 25 Noteworthy Companies for Diversity. This distinction is awarded to companies that have shown continued momentum in diversity and inclusion practices. Praxair was also ranked third on the list of Top 10 Companies for Opportunities, which recognizes companies demonstrating fairness in hiring, retention and nurturing of diverse talent. (Business Wire)
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International
Saudi Arabia appears committed to its recently-announced long-term economic plan, dubbed Vision 2030, which aims to remove the country’s economic dependence on oil exports within the next several decades. (Fortune)
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The European Commission has blocked Telefonica's sale of O2 to CK Hutchison, the owner of Three. (BBC)
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South Africa's largest mobile phone operator Vodacom has announced it will be scrapping its M-Pesa mobile money transfer system in Africa's second-biggest economy. (BBC)
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Highmark, Inc
Education
Over the next two decades, educational entrepreneurs will encounter a funding community, policy environment, and changing educational landscape that will profoundly affect the types of ventures and the ability of those ventures to scale, grow, and meet children’s needs. (American Enterprise Institute)
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Having a teacher of the same race not only gives African-American students a powerful role model, new research suggests. It can also be a ticket to a different kind of education altogether. (USA TODAY)
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Thermo Fisher Scientific
Northwestern Mutual
Technology
Nissan Motor Co. Ltd. will become the U.K.’s first automaker enabling people with electric-cars to make money by selling excess energy back onto the grid, a move meant to boost sales by showing battery-powered vehicles can do more than just drive. (Bloomberg)
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Amazon launched a service on Tuesday that allows users to post videos and earn royalties from them, setting up the world's biggest online retailer to compete directly with Alphabet's YouTube. (CNBC)
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Entrepreneurship
Forced to experiment with different ingredients on her own, Courtney Adeleye started mixing her own haircare products in her kitchen and chronicled her journey on YouTube. Years later, the busy entrepreneur now has a solid line of haircare products, called the Mane Choice, which can be purchased online, in select Sally Beauty Supply Stores, Rite Aid Pharmacy stores, and soon Target. (Black Enterprise)
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Some of the best business ideas are inspired by others, or so the wisdom of the crowd goes. That is leading more entrepreneurs to tap into other people’s brains — rather than just their pocketbooks — to test new products, set pricing and bring ideas to market faster. (The New York Times)
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The Economy
Talk about a poisoned chalice. No matter who is elected to the White House in November, the next president will probably face a recession. The 83-month-old expansion is already the fourth-longest in more than 150 years and starting to show some signs of aging as corporate profits peak and wage pressures build. It also remains vulnerable to a shock because growth has been so feeble, averaging just about 2 percent since the last downturn ended in June 2009. (Bloomberg)
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Jobs in factories can no longer sustain the middle class. t’s true that factory jobs once helped build America’s middle class. But new evidence shows that, today, many manufacturing jobs in the U.S. pay wages that are more in line with what you find at McDonald’s or Walmart. (Time)
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Personal Finance
Social Security is a complicated program, so it's not surprising that there's a lot of confusion among the millions of Americans who rely on the program for their retirement income. In particular, several myths have arisen about Social Security, and many people still erroneously believe them to be true. Let's take a look at three of them and work at debunking these misunderstandings. (USA TODAY)
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For anyone who's ever been frustrated with fees or overcharges on bank account or credit card, the option to join a class-action lawsuit may become easier if the Consumer Financial Protection Bureau (CFPB) has its way. (CNBC)
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Naylor Association Solutions
Naylor Association Solutions
Corporate America
The company will double down on its patriotism this summer when it renames itself "America." (Time)
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Staples laid out a turnaround plan this week after the Federal Trade Commission effectively killed its proposed blockbuster acquisition of rival Office Depot. (Fortune)
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Krispy Kreme Doughnuts will be taken private by JAB Holding for about $1.35 billion, the second buyout of a U.S. food company by the German investment firm in just over two months. (CNBC)
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Government
The M&A boom is cooling, hurt in part by a chilling effect due to the government’s recent moves to put the kibosh on some high-profile deals. U.S.-targeted M&A deals through May 10 totaled $408.78 billion, down 22% from the same point in 2015, according to Dealogic. (USA TODAY)
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America has been here before. At the dawn of the 20th century, the economy was already well into a fundamental transformation of the labor force, as industry replaced farming and crafts as the primary source of new jobs. The shift was painful, spawning protest movements and political forces like progressivism. But the United States emerged from the turmoil far more prosperous and powerful. (The New York Times)
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Leadership
Black women are now demanding solutions and expect accountability from presidential candidates. I don’t think America has seen so many black women actively participating in coalitions and activist and nonprofit groups since the ’60s and, consequently, we’re shaping the course of the 2016 presidential election. (Forbes)
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Lifestyle
Marvel’s universe grows even more diverse with Black Panther, which is slated for a feature release in 2018. Moore is now getting his due for his behind-the-scenes influence. (The Root)
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