President Barack Obama wants smaller community banks to have greater access to the government's $700 billion financial rescue fund to assist small businesses that are still suffering from a prolonged credit crunch.
President Barack Obama on Monday announced a carrot-and-stick strategy to try to stop the killing in Sudan, offering incentives for better behavior from the government and threatening tighter sanctions for continued oppression.
In a snub to recent ex-presidents and heads of state in Africa, organizers of a multimillion-dollar annual prize for good governance on the continent said Monday they had decided not to give out the award this year.
The worst thing a business can do in this economy is pull back on marketing and advertising, said Estelle Mannion, president of Stellar Productions Advertising LLC. In her keynote speech during the 7th annual Spirit of Excellence Black Business awards banquet Saturday at the Savannah Marriott Riverfront, she pointed out how necessary it is to stay out front in troubling times.
Bank of America Corp. said late Thursday that the U.S. government's "pay czar," Kenneth Feinberg, suggested to out-going Chief Executive Officer Kenneth Lewis that he should take no compensation for 2009.