CI VIEW: Hershey return to Cuba can sweeten US-Cuba relations under Trump

CENTRAL HERSHEY, Cuba [Camilo Cienfuegoes] (BBN) – The Hershey Company (NYSE: HSY) and its affiliated multi-billion non-profit Hershey Trust eventual return to Cuba can truly reset US-Cuban relations and let President Donald Trump end decades of hostilities following President John F. Kennedy Cuban embargo in 1962.

[Cuban Foreign Trade and Investment Minister Rodrigo Malmierca Diaz speaks to Capitol Intelligence/BBN using CI Glass on Hershey return to Cuba after historic speech at US Chamber of Commerce in Washington, DC. Feb. 16, 2016]

Hershey founder Milton S. Hershey created an almost mirror image of what he started in Hershey, Pennsylvania in 1916 by creating a new town just 30 miles east of Havana named Central Hershey.  Central Hershey had the largest sugar producing factory in the world, a Hershey Hotel and a Hershey School for disadvantaged Cuban children.

The unique progressive capitalism of Milton Hershey, who as an orphan and childless himself, ordered that all profits from Hershey Company go to fund the Milton Hershey School for orphans and disadvantaged children.

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CI VIEW: OPEC breaks taboo over hedging activity by member states, Secretary-General HE Sanusi Barkindo

WASHINGTON (CI MENA) – – The Organization of the Petroleum Exporting  Countries (OPEC) seems to have broken a decades-old taboo of OPEC member states hedging their oil production during a visit by OPEC Secretary-General HE Mohammad Sanusi Barkindo to Washington, DC.

[Organization of the Petroleum Exporting Countries (OPEC) His Excellency Mohammad Sanusi Barkindo speaks to Capitol Intelligence/CI MENA using CI Glass with Hess Corporation CEO John Hess at CSIS in Washington, DC. December 13, 2016]

Secretary-General Barkindo said it remains the “sovereign” decision of each individual member to hedge their oil production but he is open to working with hedge funds, producers, the International Monetary Fund and customers to avoid massive volatility in oil prices in the future.

OPEC’s Barkindo statement that is up to the individual nation state to decide whether to hedge their output marks a radical departure from OPEC’s policy of basically prohibiting OPEC member states from using derivative markets to hedge oil prices. Mexico, a non-OPEC member, allows its state oil group Pemex to hedge the country’s annual oil output.

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CI VIEW: AT&T CEO Stephenson takes on Google’s Schmidt as Time Warner bid heralds new US antitrust regime UPDATE

WASHINGTON (BBN) – (Updating on January 24, 2017 to add comment from US Federal Trade Commission (FTC) Commissioner Maureen K. Ohlhausen)  AT&T (NYSE: T) USD 85.4 bin dollar bid for Time Warner (NYSE: TWX) is seen marking the end of Alphabet (NYSE: Goog) and Facebook (NYSE:FB) dominant position in the US media market and heralding new antitrust action by the incoming administration of President Donald Trump.

[21st Century Fox  and News Corp  Executive Chairman Rupert Murdoch speaks to Capitol Intelligence/Black Business News (BBN) using CI Glass on AT&T bid for Time Warner at The Wall Street Journal CEO Council Summit in Washington, DC. November 15, 2016]

The incoming administration of Donald Trump is looking at taking long overdue antitrust action both by the Justice Department and US Federal Trade Commission as the outgoing administration of Barack Obama gave a “free ride to Google, Facebook and Silicon Valley,” a Washington DC antitrust attorney close to the Trump transition team said.

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CI VIEW: George Clooney takes fight over South Sudan to China’s Hollywood tycoon Wang Jianlin

WASHINGTON (CI Africa) – Movie star George Clooney is taking on major Chinese economic interests in Hollywood in his battle for human rights and government kleptocracy in the failed state of South Sudan.

[George Clooney speaks Capitol Intelligence/CI Africa using CI Glass on China National Petroleum Corporation role in the South Sudan conflict following news conference at National Press Club in Washington, DC on September 12, 2016.]

Speaking to Capitol Intelligence/CI Africa, Clooney said he will not pull any punches highlighting any misdeeds by China’s state owned China National Petroleum Corporation (CNPC) because of the billions of dollars invested in Hollywood studios, films and movie theaters by China’s wealthiest businessman — Wanda Group Chairman Wang Jianlin.

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CI VIEW: Tunisia seeks major new US investments on Washington, DC mission, Ministers say UPDATE

WASHINGTON/TUNIS (CI MENA) — (Updated on October 7,  2016 to  add Ford Motor Company Chairman William C. Ford, Jr and GE CEO Jeff Immelt) – A Tunisian delegation led by Tunisian Development and Investment Minister Fadhel Abdelkefi will be in Washington this week (October 6-10) seeking billions of dollars in investments for  the nation’s aviation, automotive, energy and textile sections by Ford Motor Company (NYSE: F), FedEx (NYSE: FDX), and Honeywell  International (NYSE: HON).

[President Barack Obama and Tunisian President Beji Caid Essebsi Oval Office filmed by Capitol Intelligence/Tunisia’s Express FM using CI Glass (Google Glass) at Oval Office. May 21, 2015. Express FM Chef de Service Khadija Sfar operated the CI Glass during Oval Office meeting.]

Tunisia’s strategic position as a stable and developed economy compared to its neighbors makes it attractive for  major corporations in the United States, Europe and Asia that want to tap a growth market of over 350m consumers in North/West Africa (NAWA)..

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CI VIEW: America’s new business Titans spread their wings

WASHINGTON, DC (BBN) – The new economic elite of the United States is not made of Silicon Valley moguls but the impressive number of Black American business tycoons such Chicago’s Loop Capital founder and CEO James Reynolds; Washingtonian real estate tycoon Donahue Peebles; Warrenton, Virginia luxury resort prima donna Sheila Johnson; NYC asset manager Christopher Williams and LA’s billionaire Act-1 Group human resource group owner, Janice Bryrant Howroyd.

[Loop Capital Chairman and CEO Jim Reynolds speaks to Capitol Intelligence/BBN using CI Glass following Closing the Wealth Gap hosted by US House Financial Services Ranking Member Maxine Waters (D-CA) at the Congressional Black Caucus Foundation Annual Legislative Conference in Washington, DC. September 16, 2016] 

While most of Wall Street may know Jim Reynolds as the golfing buddy of President Barack Obama, Goldman Sachs CEO Lloyd Blankfein, JP Morgan Chase CEO Jamie Dimon and Citigroup’s Michael L. Corbat know Mr. Reynolds as Chicago’s top investment banker.

You will not meet America’s new blue bloods in SF/Palo Alto, Boca Raton Florida but at the same playing fields of America’s old blue bloods: Martha’s Vineyard, Sag Harbor/East Hampton and Middleburg, Virginia.

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CI VIEW: The Carolina Kitchen aims at USD 1bn IPO valuation, owner Lance London says UPDATE

 

WASHINGTON/LOS ANGELES (BBN) —  (Update on September 21, 2016 to add interview with Thompson Hospitality Chairman Warren Thompson) The Carolina Kitchen, the Washington, DC area high-scale soul and southern cuisine restaurant group, sees revenues rising to USD 45m at end-2014 from more than USD 20m in 2013, The Carolina Kitchen founder and CEO Lance London said.

[Carolina Kitchen owner Lance London speaks to Capitol Intelligence/BBN using CI Glass at Rhode Island Row opening Feb. 25, 2014]

In an interview at the opening of Carolina Kitchen on Rhode Island Row in northeast DC, London said his aim is to build The Carolina Kitchen group into a USD 1bn business and to continue expanding from its current locations of Largo and Hyattsville in Prince George’s County, Maryland and now Washington, DC.

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CI VIEW: Small and mid-market CEOs eye growth as big business retreat, Ernst & Young CEO

CLEVELAND, Ohio (SMARTCEO/BBN) – US small and mid-market CEOs attending the Republican National Convention proved that American small business owners are made of stronger stuff than politics or big business.

[Ernst & Young Chairman and CEO Mark Weinberger speaks to SmartCEO/Capitol Intelligence Group at Bipartisan Policy Center event during Republican National Convention in Cleveland. July 20, 2016]

At the RNC Convention in Cleveland that nominated controversial real estate mogul Donald J. Trump, only CEOs/owners of small to medium size companies came to the convention while the CEOs of major corporations took a pass with the very notable exception of Ernst & Young Chairman and CEO Mark Weinberger.

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CI VIEW: Exelon passes on Entergy’s nuclear assets, Exelon CEO Crane

 

WASHINGTON/BRESCIA (BBN) – Chicago-based Exelon Corporation (NYSE: EXC) is no longer interested in acquiring the nuclear assets of Entergy (NYSE: ETR) if the New Orleans, Louisiana-based company goes ahead with a long-rumored sale, Exelon President and CEO Christopher M. Crane said.  

[Exelon President and Chief Executive Officer Christopher M. Crane speaks with Capitol Intelligence/Smart CEO using CI Glass about Entergy, STEM schools and ENEL at the Baltimore Washington Corridor Chamber Annual Meeting at BWI Marriott,  May 11, 2016]

Exelon CEO Chris Crane had previously told Capitol Intelligence that Entergy’s nuclear assets are of high quality and could be an attractive target for Exelon.
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