7th Largest Black-Owned Bank Reports 37% Increase in First Quarter Net Earnings

Broadway Financial Corporation, parent company of the 7th largest Black-owned bank in America Broadway Federal Bank, today reported first quarter net earnings of $607,000 up 36.71% when compared with net earnings of $444,000 in the first quarter of 2007.

CEO Paul C. Hudson stated, "Bank earnings are benefiting from strong loan demand and increasing net interest margins." - Read More

Caribbean Investors to Build 3 five-star hotels in Ghana

Speaking at a durbar to climax the annual Aboakyer (deer hunting) Festival in the city of Winneba, Ghanaian President John Agyekum Kufuor announced that the town was to benefit from three five-star hotel projects to be undertaken by investors from the Caribbean.

The projects, according to him, were aimed at providing suitable accommodation to tourists who patronized traditional events, such as the Aboakyer festival. - Read More

Tony Brown Donates $100,000 to Hampton University Scholarship Fund

Tony Brown has donated $100,000 to the Hampton University scholarship fund. Brown, dean of the HU Scripps Howard School of Journalism and Communications and commentator of the PBS series Tony Brown's Journal, made the donation in the form of an annuity trust.

The scholarships will go to students enrolled in the Scripps Howard School of Journalism and Communications. - Read More

Activists support family facing foreclosure

The dumpster was returned to the Maxwell home on the morning of April 23, one week after community activists successfully emptied it and moved the family’s belongings back into their foreclosed home on Detroit’s near northwest side.

An emergency motion was filed in Detroit’s 36th District Court to set aside the judgment for eviction entered by the court on Feb. 28. - Read More