Cummins to recall 500,000 trucks over faulty emissions part: EPA

Cummins Inc has agreed to recall about 500,000 medium- and heavy-duty trucks produced between 2010 and 2015 to correct a faulty emissions control system part that degrades and allows too much nitrogen oxide pollution, the U.S. Environmental Protection Agency said on Tuesday.

Reuters: Business News


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Oprah Pledges $500,000 To Support Florida Students’ Call for Gun Control

Oprah Winfrey tweeted Tuesday that she is “joining forces” with George and Amal Clooney in support of the upcoming “March for Our Lives” demonstration by donating half a million dollars to the pro-gun control effort.

The march, which will take place in Washington, D.C., on March 24, was organized in wake of the mass shooting at a Florida high school on Valentine’s Day that left 17 dead. News reports revealed that the alleged gunman, Nikolas Cruz, 19, is a white nationalist and Trump supporter. A motive, however, has not been confirmed.

In the aftermath of the horrific shooting, survivors at the school are advocating for stricter gun laws that would prevent teenagers like Cruz, who has a history of mental illness, from accessing semi-automatic weapons like the AR-15 used in the massacre.

On Tuesday, a Twitter account controlled by the student survivors thanked the Clooneys for donating $ 500,000 to their cause.

Hours later, Winfrey pledged to match the Clooney’s donation. The 64-year-old media mogul also compared the #NeverAgain movement to Freedom Riders who took bold actions to combat racism during the Civil Rights era while the government remained inactive in enforcing desegregation in the South.

Steven Spielberg and Kate Capshaw have also made sizable donations to March For Our Lives, which will be led by students in honor of the lives that were lost. The mission of the march “is to demand that a comprehensive and effective bill be brought before Congress to address these gun issues. No special interest group, no political agenda is more critical than the timely passage of legislation to effectively address the gun violence issues that are rampant in our country,” reads the website.

Despite pleas for stricter gun control, Florida legislators voted overwhelmingly on Tuesday not to ban assault rifles. Instead, they approved a bill designed “to protect Floridians, especially teenagers, from pornography.”

The post Oprah Pledges $ 500,000 To Support Florida Students’ Call for Gun Control appeared first on Black Enterprise.

Lifestyle | Black Enterprise


Mel B to Pay Stephen Belafonte Over $500,000 in Divorce Settlement

Stephen Belafonte will be making $ 500,000 over the next three years from Mel B in their divorce settlement.

via TMZ:

According to new docs filed in the case, Mel B is paying her ex-husband $ 15,000 per month … and that’s over the next 3 years. That works out to $ 180k per year, and a total of $ 540k. She’s also paying an additional $ 200k for Stephen’s attorneys’ fees. That payment is due Dec. 20.

Back in November, they reached an agreement where they share joint legal custody of their daughter, Madison.

Considering he allegedly abused her throughout the duration of their relationship, this seems incredibly unfair.

The post Mel B to Pay Stephen Belafonte Over $ 500,000 in Divorce Settlement appeared first on B. Scott |

B. Scott |


New Online Portal Offers Loans Up to $500,000 to African American Entrepreneurs in Chicago


Obtaining financing to open or expand a business is among the biggest challenges for entrepreneurs of color.

But Chicago City Treasurer Kurt Summers, working with lenders, is aiming to help small business owners in the Windy City overcome that barrier.

The Launching of SimpleGrowth


The national advocacy group Small Business Majority, national online lender Fundera, and micro-lender Accion have developed SimpleGrowth, a new online lending marketplace. Calling SimpleGrowth a first-of-its-kind local lending portal, officials say the platform will allow African American entrepreneurs in Chicago to connect with area lenders via a website.

The portal is designed to provide small business owners access to affordable financing and business assistance without having to fill out multiple applications.


(Margo Strotter, owner of Ain’t She Sweet Café, taking orders after the launch of SimpleGrowth at her business in Chicago. Image: Small Business Majority and Russell Ingram, Ingram Photography)


Organizers also want to provide Chicago entrepreneurs a one-stop-shop to get non-predatory business loans and resources they need to strengthen their businesses.

Individuals can seek loans ranging from $ 500 to $ 500,000 at various rates, depending on the business owner’s readiness and other factors.

The financing will come from Chicago lenders including Accion, Local Initiatives Support Corporation Small Business and the Women’s Business Development Center, all Community Development Financial Institutions that support small business entrepreneurship. Businesses can apply for the loans for free.

High Percentage of Black-Owned Business


This lending for black-owned business in Chicago would be crucial, observers say.

There are 230,000 small businesses in Chicago, but an unusually high percentage of those businesses are owned by African Americans. Cook County, Illinois—which includes Chicago—has the most African American-owned small businesses of any county in the country at 110,000, the U.S. Census Bureau’s 2012 analysis of small businesses reports.

Lindsay Mueller, midwest director for Small Business Majority, says since there are so many African American-owned small business in the Chicago area, and “we know minorities and women have the most trouble obtaining small business loans, Chicago seemed to have a need for a tool like SimpleGrowth.”


(Lindsay Mueller, Midwest Director for Small Business Majority, walks Chicago City Treasurer Kurt Summers through SimpleGrowth’s online application. Image: Small Business Majority and Russell Ingram, Ingram Photography.)


Another report, completed by the Woodstock Institute, a Chicago-based research and advocacy firm, examined disparities in small business lending. The report mainly targeted smaller value loans under $ 100,000. Those are loans most likely to support smaller, local businesses that offer employment and wealth-building opportunities for local residents.

In the Chicago region, businesses in low-income census tracts constituted an average of 6.6% of all businesses in the region between 2012 and 2014, but they only got 3.5% of CRA-reported bank loans under $ 100,000 and 3% of the total amount of those loans during that period. If those businesses had received the loans in proportion to their share of all businesses in the Chicago region, they would have taken in nearly 10,400 more loans totaling nearly $ 141.6 million more than they collected between 2012 and 2014.

CRA, or the Community Reinvestment Act, encourage financial institutions like banks to meet the credit needs of the communities where they operate, including low- and moderate-income neighborhoods.

Chicago First City to Provide the Service


Summers says Chicago will be the nation’s first city to provide the lending technology.

“Healthy businesses support thriving communities and improve the overall picture of economic development for residents,” he says. “This SimpleGrowth tool is another leap forward in my office’s mission of boosting the economy and creating a climate for job creation, especially in traditionally underrepresented neighborhoods.”

John Arensmeyer, Small Business Majority founder and CEO, says lack of access to capital for small businesses is a major problem and is throttling our economy. “Small business owners represent 99% of employer firms, but many who seek financing under $ 250,000 are routinely denied with little recourse to find financing or business support elsewhere,” he says. “This level of financing is usually needed during critical growth phases for businesses.”

(Margo Strotter, the owner of Ain’t She Sweet Café and host of SimpleGrowth’s launch event, speaks about her experiences getting a loan through Accion Chicago and how SimpleGrowth will help local business owners like her. Image: Small Business Majority and Russell Ingram, Ingram Photography.)


Business owners who don’t qualify for a loan through SimpleGrowth’s Chicago-based lenders can apply through Fundera’s national platform. Other options include business credit cards, medium-term loans, and lines of credit.

Plus, the  SimpleGrowth platform will connect Chicago small businesses that don’t now qualify for loans to small business assistance centers across the city that can help with business advising, planning, and other support services.

To apply for loans and get more details visit:





Small Business – Black Enterprise