Business

Apr 16 2013

Would make it leading Korean American bank

LOS ANGELES, Calif. — Los Angeles-based BBCN Bancorp Inc. and Chicago-based Foster Bankshares Inc. announced a merger deal today that would make BBCN the leading Korean American bank in Chicago and position it to serve the Washington, D.C., market.

“This partnership underscores BBCN’s strategic objective to be the dominant Korean American bank in the markets in which we operate,” said Kevin S. Kim, chairman and chief executive officer of BBCN Bancorp.

Apr 11 2013

Fostering economic revitalization

U.S. Bank provides products and services that meet the needs of increasingly diverse communities like South Los Angeles and South Pasadena. The financial institution offers an innovative mortgage program for first-time home buyers and assists in providing a social and economic foundation for achieving affordable housing, productive small businesses and enhancement of culturally vibrant communities.
 

Mel and Pearl Shaw  |   OW Contributor
Apr 11 2013

Making the ask - Part 1

How do you ask someone to make a gift to a nonprofit that you believe in? What do you say? When do you ask? What if the person says “yes?” What if she says “no?”
 

Apr 9 2013

Insider trading

LOS ANGELES, Calif. — Trading in shares of Herbalife, a Los Angeles-based nutrition company, was temporarily halted today amid reports that it is about to disclose that KPMG will have to resign as its auditor.

In a related story, shares of shoemaker Skechers USA, symbol SKX, also was halted.

Apr 2 2013

“Leave the park to the public”

LOS ANGELES, Calif. — Fees to film in downtown’s Grand Park will remain $20,000 per day per block for now, as county officials today postponed a decision to temporarily drop or dramatically reduce the charge.

Sarah Walsh of the Motion Picture Association of America said the fee has created “a major disincentive to film in the county of Los Angeles.”

Across Black America

Here’s a look at African American people and issues making headlines throughout the country.

California
San Diego college students and volunteers will carry out their sixth home restoration project on Wednesday, July 10 through Sunday, July 14. as part of the “Healing our Heroes’ Homes” (H3) program created by the nonprofit Embrace. The five-day effort will take place at the home of medically retired Marine Corps Capt. Sarah Bettencourt. Bettencourt served with many different units across the country during the Global War on Terrorism and developed a rare neurological disorder in 2008. With a focus to restore the homes of disabled veteran homeowners, H3 falls in line with Embrace’s mission to mobilize college-student volunteers and community members to serve less fortunate members of civilian and veteran communities. The project for the Bettencourts’ home includes kitchen and bathroom remodeling, building ADA-compliant disability ramps, widening their driveway to ADA standards, widening doorways and landscaping.
 
District of Columbia
The 2013 Smithsonian Folklife Festival will showcase its five-year community research project on African American identity with the program “The Will to Adorn: African American Diversity, Style, and Identity.” This multicity collaboration examines the history and culture of the aesthetics of African Americans. The festival will be held June 26-30 and July 3-7, outdoors on the National Mall between Seventh and 14th streets. “Whether we realize it or not, we are all dress artists. The way we compose our look is a creative expression of our ideas about who we are and who we aspire to be,” said Diana N’Diaye, program curator. “This program explores the diversity of African American traditions of style, but also teaches young people the importance of documenting their own culture and saving that information for themselves and future generations.”