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business

Cynthia E. Griffin- | OW Managing Editor

Jan 17 2009

Pro-line co-founder shares his life and business philosophy

In economic terms, the best way to describe an $80 million return on an investment of less than $1,000 is: Good business.

Looking at his life, it is easy to see that “good business” is a mantle Alabama-born Comer Cottrell can wear quite comfortably. It is also an integral part of the way he built his company, Pro-Line, into one of the largest ethnic hair care products firms in the world.

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State budget cuts

Cynthia E. Griffin- | OW Managing Editor

Jan 17 2009

Local officials stunned by severity of Schwarzenegger’s proposal

Governor Arnold Schwarzenegger’s proposal of cutting 10 percent from the budgets of most departments within the state that receive general fund money has prompted Senator Mark-Ridley Thomas to conclude that if the reductions were enacted, they would further compound California’s deteriorating economy.

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Little change

Cynthia E. Griffin- | OW Managing Editor

Jan 17 2009

Ten years later black investors still behind

Nearly 10 years after conducting its first survey of African American investors, Ariel Capital Management has found that not much has changed.

In fact, the 2007 Ariel-Schwab 2007 Black Investor Survey found that despite climbing to a high of 74 percent in 2002 black participation in the stock market has dropped back down to where it was in 1998—57 percent.

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Speaker Bass announces Assembly cuts

OW Staff

Jan 15 2009

Operating budget to be reduced

Sacramento, CA – Recognizing there must be shared sacrifice in these tough economic times, Assembly Speaker Karen Bass (D-Los Angeles) and Assembly Rules Committee Chair Ted Lieu (D-Torrance) yesterday announced a 10% cut to the Assembly’s operating budget. “At a time when Californians and other state agencies are tightening their belts, I have directed the Assembly’s Chief Administrative Officer to reduce the Assembly’s operating budget by 10%,” Bass said.

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