Black MBA NetWire

U.S. employers are watching the clock. With federal rules expanding paid overtime eligibility set to take effect next month, business leaders are making moves to contain future costs, according to a New York Federal Reserve Bank survey. (Bloomberg)

Visit http://www.bloomberg.com/news/articles/2016-11-17/here-s-how-employers-are-gearing-up-for-new-u-s-overtime-rules to view the full article online.

Studies show that diverse environments work. A diverse environment not only increases overall business performance, but also provides a space where employee differences, while highlighted, are used to foster innovation and true inclusiveness. Researchers have started to drill down to deeper definitions of diversity—race, gender, sexual orientation, and so forth. They are trying to find better ways for companies to create conditions in which potentially marginalized groups can succeed. (Black Enterprise)

Visit http://www.blackenterprise.com/featured-stories/2016-50-best-companies-diversity/ to view the full article online.

A total 73 of the 5000 companies on Inc. magazine’s 2016 Inc.5000 list are owned by Black CEOs. Inc. 5000 companies "are the superheroes of the U.S. economy." Per the publication, they are "America’s fastest-growing private companies [which] wield powers like strategy, service and innovation." (rollingout)

Visit http://rollingout.com/2016/11/15/black-ceos-run-73-companies-years-inc-5000-meet-oncelogix/ to view the full article online.

It's easy to get caught up in the excitement of holiday shopping, but it's not always as easy to foot the bill. The National Retail Federation says consumers plan to spend an average of $935.58 during the holiday shopping season -- the second highest level on record. Whether that is a little or a lot for you, we have some expert tips on how to find a comfortable spending level and stick to it this year: (USA TODAY)

Visit http://www.usatoday.com/story/money/personalfinance/2016/11/15/ho-ho-hold-up-before-you-spend-season/93802876/ to view the full article online.

Thanksgiving Day shopping — a delight to some, an anathema to others — isn't going away, but some stores and shopping malls are rethinking their strategies on whether it makes sense to be open on the holiday itself. (The Advocate)

Visit http://www.theadvocate.com/baton_rouge/news/business/article_5bd2d42a-a5db-11e6-b120-3f4611970343.html to view the full article online.

Not only is it proven that taking time off is good for your overall well-being and mental health, it’s also the key to getting ahead in your career—yes, ahead. Just consider what several career experts I spoke with have to say about this: (The Muse)

Visit https://www.themuse.com/advice/why-taking-all-of-your-vacation-days-gets-you-ahead-according-to-career-coaches?ref=recently-published-0 to view the full article online.

Affording employees more control over their work will not only pay off in more productivity but can also add years to their life, new research suggests. Those in high-stress jobs who had little control over how their work gets done were 15.4 percent more likely to die younger than those with more discretion at work, according to research from Erik Gonzalez-Mulé, an organizational behavior professor at Indiana University’s Kelley School of Business. (Crain's Business Boston)

Visit http://boston.crains.com/article/news/giving-workers-more-flexibility-can-extend-lives-iu-study-finds to view the full article online.

Chief executive officers at some of the largest U.S. companies, from General Electric to Apple, are reassuring employees they support workplace diversity as a salve to anxieties caused by the bruising presidential election. (Chicago Tribune)

Visit http://www.chicagotribune.com/news/sns-wp-blm-diversity-a980f938-a83b-11e6-ba46-53db57f0e351-20161112-story.html to view the full article online.

Instead, the day after Donald Trump defeated Hillary Clinton to become president-elect, Karyn Twaronite’s inbox swelled with concerns. She received about 300 emails with questions about issues from visas and immigration to women’s rights. (Fortune)

Visit http://fortune.com/2016/11/11/global-diversity-officer-at-ey-talks-workplace-inclusion-post-election/ to view the full article online.

Germany's economic growth slowed in the third quarter of the year, dented by weaker exports, figures have shown. Europe's largest economy grew by 0.2% between July and September, half the 0.4% rate seen in the previous three months. (BBC)

Visit http://www.bbc.com/news/business-37984719 to view the full article online.

Donald J. Trump’s election as U.S. president is already being felt in Asia – and sometimes in ways as unexpected as the victory. Trump made China a frequent target in the run-up to the election, promising to slap a 45% tariff on Chinese imports. But despite the anti-China rhetoric, your average Chinese person on the street in the mainland appears to be very pleased with the election result. (Forbes)

Visit http://www.forbes.com/sites/alexfrewmcmillan/2016/11/15/chinese-property-investors-cheer-trumps-election-as-asia-reacts-to-unexpected-result/#5e202ea382b9 to view the full article online.

Tourists in India have been telling the BBC about problems they are facing after India made a big change to its currency system. On Tuesday night, 500 (£6) and 1,000 rupee (£12) notes were removed from public circulation as part of a crackdown on corruption and illegal cash holdings. (BBC)

Visit http://www.bbc.com/news/world-asia-india-37972634 to view the full article online.

According to researchers Ana Maria Villegas and Jacqueline Jordan Irvine, minority teachers, as role models, improved the self-worth of minority students. Others found that a diverse teaching population improved academic achievement for minorities along with the educational climate for white students. (St. Louis Post-Dispatch)

Visit http://www.stltoday.com/news/opinion/the-lack-of-african-american-male-educators-is-killing-public/article_a1d271be-986b-567c-b369-f7370d86d2e2.html to view the full article online.

With the US economy slowing down and prices for higher education rising, students are increasingly questioning the value of a traditional business school degree. Meanwhile, online learning is booming as costs come down and the technology improves. But will advances in online learning disrupt the MBA? (BusinessBecause)

Visit http://www.businessbecause.com/news/mba-distance-learning/4301/online-learning-will-disrupt-the-mba to view the full article online.

Company recognized for strong link between diversity and engagement Nationally, Northwestern Mutual has supported a number of diverse organizations and programs, including the Association for Latino Professionals for America; the National Black MBA Association; the I Am Latino in America Tour hosted by Soledad O'Brien; the Harlem Fine Arts Show national tour; and the Human Rights Campaign Foundation.(PR Newswire)

Visit http://www.prnewswire.com/news-releases/northwestern-mutual-named-one-of-50-best-companies-for-diversity-in-2016-by-black-enterprise-magazine-300361673.html to view the full article online.

Go outside your own network. Professional organizations such as the National Black MBA Association, Urban League and National Council of La Raza, could be worth partnering with. Also, conferences, job fairs and networking events cater to diverse crowds.(The Journal Gazette)

Visit http://www.journalgazette.net/blog/lead-on/Tips-for-managers-looking-to-diversify-the-workforce-16254577 to view the full article online.

In partnership, the National Black MBA Association, Inc. (NBMBAA) and Facebook hosted the Leaders of Tomorrow Program Participants at Facebook HQ. NBMBAA students toured campus with FB Black@ employee resource group members, learned about a new product (Facebook Surround 360), and engaged in a dynamic panel discussion with Facebook employees and interns. Connecting the world takes every one of us! Thanks to NBMBAA for making this experience possible. #ConnectTheWorld #TechLeaders #NBMBAA #BeBold #BuildSocialValue #BlackatFB

Visit http://goodviews.net/partnership-national-black-mba-association-inc-nbmbaa-and-facebook-hosted-leaders to view the full article online.

Facebook said it would stop advertisers from using its ethnicity-based ad-targeting feature on some ads, following criticism that advertisers could misuse the tool. (Fortune)

Visit http://fortune.com/2016/11/11/facebook-ethnic-based-ads/?iid=leftrail to view the full article online.

OVER THE NEXT few days, Twitter will add new features intended to help curb abuse on the platform. Users will be able filter out certain keywords, phrases, user names, and hashtags in their mentions, Twitter says. You’ll also have the option to mute threads. The company is also revamping its abuse reporting system so that bystanders can report harassment and hate speech directly rather than leaving that option solely to the person on the receiving end. (wired)

Visit https://www.wired.com/2016/11/twitter-adding-new-filtering-tools-effort-curb-abuse/ to view the full article online.

Facebook added fake news to the list of sites banned from its advertising network, called the Facebook Audience Network. (Forbes)

Visit http://www.forbes.com/sites/kathleenchaykowski/2016/11/15/facebook-says-fake-news-sites-arent-allowed-on-its-advertising-network/#3ca2f0fc2bda to view the full article online.

When you consider their business models, it may seem like Rent The Runway and Neiman Marcus should be bitter competitors. Rent the Runway lets customers borrow designer gowns and cocktail attire — potentially negating the need for anyone to plunk down $800 to purchase such dresses at the luxury department store. And yet the start-up and the old-school retailer are now joining forces. (The Washington Post)

Visit https://www.washingtonpost.com/news/business/wp/2016/11/16/why-rent-the-runway-is-joining-forces-with-neiman-marcus/ to view the full article online.

So-called "Black lingo" is everywhere. You see it used in advertising to sell products and services. You hear politicians using it to "connect." You read it on social media timelines everywhere, so much so that according to an October 2016 Nielsen report, 11.5 million Black millennials are "leading a viral vanguard that is driving African-Americans’ innovative use of mobile technology and closing the digital divide." And for this reason, Chicago entrepreneur Dianna Ada Harris says not only is Black lingo popular, it’s valuable and bankable. And she’s making money off of it. (Madamenoire)

Visit http://madamenoire.com/725497/blk-proverbs/ to view the full article online.

In recent research, we provide new evidence that while mergers may raise profits, many fail to deliver efficiency gains that could increase overall prosperity. (Harvard Business Review)

Visit https://hbr.org/2016/11/mergers-may-be-profitable-but-are-they-good-for-the-economy to view the full article online.

Small and independent retailers are strategizing to try to make the most of an uncertain holiday season. The last three months of the year are critical for many retailers, who may get half their annual revenue during that time. But consumers who may be hesitant to splurge have led retailers to be increasingly creative about special promotions and discounts, and also prompted many to use technology to help determine what customers want. (Crain's New York Business)

Visit http://www.crainsnewyork.com/article/20161116/SMALLBIZ/161119892/small-retailers-like-jacques-torres-strategize-with-hope-of to view the full article online.

Many commentators feared that ordinary Americans would be driven to this holiday mix-up by that wonderful tool that helps allocate scarce resources—prices. Thankfully, the price disruption isn’t as bad as was predicted. (Fortune)

Visit http://fortune.com/2015/11/25/thanksgiving-economy-middle-class/ to view the full article online.

In his bid for the White House, Donald Trump promised tax cuts. Big ones. Lots of 'em. For everyone. Given that Republicans will control both the House and Senate during at least the first two years of Trump's administration, the prospects for tax reform have never been better. But the tax cuts may not be quite as large as Trump has touted. (CNN Money)

Visit http://money.cnn.com/2016/11/15/pf/taxes/trump-tax-plan/index.html?iid=hp-stack-dom to view the full article online.

Since Election Day Trump has said his first priorities would be cutting taxes and spending on infrastructure. If we take him at his word, the short-term prospects for the housing market are not bad. The longer-term outlook is harder to discern. As Donald, Melania and Barron get ready to (maybe) move into their new home, we take a look how Trump might pull the levers that impact the value of yours. (Forbes)

Visit http://www.forbes.com/sites/samanthasharf/2016/11/15/how-president-trump-could-affect-the-value-of-your-home/#40cb69ab5796 to view the full article online.

New Balance is under fire again. The shoe company released a statement on Monday saying that it "does not tolerate bigotry or hate in any form" after a neo-Nazi website described New Balance as the "official shoes of white people." (CNN Money)

Visit http://money.cnn.com/2016/11/15/news/companies/new-balance-trump-tpp/index.html?iid=hp-stack-dom to view the full article online.

The Silicon Valley Black Chamber of Commerce hosted an eventful evening of leaders that included awards for some of the best and brightest in the categories of business and technology. (Black Enterprise)

Visit http://www.blackenterprise.com/technology-featured/silicon-valley-black-chamber-commerce/ to view the full article online.

Federal Reserve Chair Janet Yellen signaled the U.S. central bank is close to lifting interest rates as the economy continues to create jobs at a healthy clip and inflation inches higher. (Bloomberg)

Visit http://www.bloomberg.com/news/articles/2016-11-17/yellen-says-fed-interest-rate-hike-could-come-relatively-soon to view the full article online.