By Elizabeth McKernan Published September 29, 2019 Philanthropy FOXBusiness Facebook Twitter Comments Print video Apple teams up with Oprah FOX Business' Susan Li on Apple teaming up with Oprah to create a worldwide book club. It was a surprise straight out of Oprah's playbook. Continue Reading Below Donors were caught off guard at a weekend luncheon with former talk host Oprah Winfrey, who doubled their fundraising goal with a single donation. The media mogul now runs OWN television network. According to The Charlotte Observer, while addressing people at 17th annual Maya Angelou Women Who Lead Luncheon, Winfrey said she would match the $1.15M that was raised by donors. The crowd immediately went wild. The United Negro College Fund organization, the recipients of the funds, were only expecting to raise $500K during the event. The money helps students in the Charlotte, N.C. region attend historically black colleges. Advertisement "We do … [Read more...] about Oprah Winfrey surprises students with million-dollar donation
Million dollar business loan
A College Chain Crumbles, and Millions in Student Loan Cash Disappears
Sections SEARCH Skip to content Skip to site index Business Subscribe Log In Log In Today’s Paper Business | A College Chain Crumbles, and Millions in Student Loan Cash Disappears Advertisement Supported by ByStacy Cowley and Erica L. Green March 7, 2019 When the Education Department approved a proposal by Dream Center, a Christian nonprofit with no experience in higher education, to buy a troubled chain of for-profit colleges, skeptics warned that the charity was unlikely to pull off the turnaround it promised. What they didn’t foresee was just how quickly and catastrophically it would fail. Barely a year after the takeover, dozens of Dream Center campuses are nearly out of money and may close as soon as Friday. More than a dozen others have been sold in the hope they can survive. The affected schools — Argosy University, South University and the Art Institutes — have about 26,000 … [Read more...] about A College Chain Crumbles, and Millions in Student Loan Cash Disappears
Deutsche Bank in Late 2016 Raced to Shed Loan It Made to Russian Bank VTB
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By Jenny Strasburg WSJ Rebecca Ballhaus WSJ Sat., Feb. 2, 2019 Deutsche Bank AG, seeking to slash its exposure to Russia in late 2016, scrambled to shed a $600 million loan it had outstanding to VTB Group, a large Russian state-owned bank, according to documents and people familiar with the funding. The German lender sold $300 million of the loan to another Russian financial institution, Alfa Bank, in December 2016; Deutsche wasn’t able to sell the rest of the loan, and VTB paid it back in August 2017, the documents show and the people said. Deutsche Bank’s effort to shed the VTB loan—which hasn’t been previously reported—came as the German bank worried about its financial contacts with Russia, which U.S. intelligence officials accused of interfering in the 2016 presidential election while the campaign was still under way. The bank sought to reduce as much exposure as possible to Russian entities and was shedding assets to boost … [Read more...] about Deutsche Bank in Late 2016 Raced to Shed Loan It Made to Russian Bank VTB
Microsoft Pledges $500 Million Investment To Tackle Affordable Housing Crisis
Business Facebook Twitter Flipboard Email Enlarge this image Brad Smith, president of Microsoft Corp., speaks during a presentation on affordable housing in Bellevue, Wash., on Thursday. Microsoft Corp. said it will spend $500 million to develop affordable housing and help alleviate homelessness in the Seattle area. Bloomberg/Bloomberg via Getty Images hide caption toggle caption Bloomberg/Bloomberg via Getty Images Brad Smith, president of Microsoft Corp., speaks during a presentation on affordable housing in Bellevue, Wash., on Thursday. Microsoft Corp. said it will spend $500 million to develop affordable housing and help alleviate homelessness in the Seattle area. Bloomberg/Bloomberg via Getty Images Microsoft is investing $500 million to help develop affordable housing and address homelessness in the Seattle area as the growth of tech companies in the region continues to flood the real estate market with high-salaried workers, leaving many other … [Read more...] about Microsoft Pledges $500 Million Investment To Tackle Affordable Housing Crisis
Small loans make big difference for businesses owned by women, minorities
By Carolyn Said Updated 4:00 am PST, Sunday, January 13, 2019 Patty Rodriguez, founder of SF Parking, which runs the employee lot at San Francisco International Airport, chats with concierge Gilbert Gallegos at SFO. Patty Rodriguez, founder of SF Parking, which runs the employee lot at San Francisco International Airport, chats with concierge Gilbert Gallegos at SFO. Photo: Photos By Scott Strazzante / The Chronicle Buy photo Photo: Photos By Scott Strazzante / The Chronicle Image 1 of / 3 Caption Close Image 1 of 3 Patty Rodriguez, founder of SF Parking, which runs the employee lot at San Francisco International Airport, chats with concierge Gilbert Gallegos at SFO. Patty Rodriguez, founder of SF Parking, which runs the employee lot at San Francisco International Airport, … [Read more...] about Small loans make big difference for businesses owned by women, minorities