Black Business News

project-image-thumbOur US service provides real-time and forward-looking news on corporate events (M&A, debt instruments, IPOs and LBOs), cross-border trade, legislative and regulatory coverage and commodity-specific intelligence. BBN will focus on the United States’ 200 most dynamic African American companies and help promote both inbound and outbound cross-border investment and M&A by Black Businesses.

Global HQ – Washington DC Anacostia
Bureaus-  Atlanta, Georgia; Birmingham, Alabama; Detroit, Michigan; Compton, CA; Chicago, Illinois; New Orleans, LA; Dallas, TX; New York City, NY; and Memphis, TN, Chartotte, North Carolina; San Juan, Puerto Rico, and Port au Prince, Haiti.

CI VIEW: Leonardo Chairman De Gennaro opens door for BAE Systems merger

MILAN (BBN) — Leonardo SpA (BIT:LDO) Chairman Gianni de Gennaro said a merger with listed UK defense giant BAE Systems (LSE:BA) “could be an idea” at a recent company event in Milan.

[Leonardo (BIT:LDO) Chairman Gianni de Gennaro tells Capitol Intelligence Group using CI Glass that merger with BAE Systems (LSE:BA) “could be an idea” during Leonardo Innovation awards with Leonardo CEO Alessandro Profumo at the Museo Leonardo Da Vinci in Milan. November 20, 2017]

De Gennaro’s openness to pursuing a full merger with BAE Systems marks a strategic departure for the listed Italian defense and civil aviation group and indicates the smaller national defense champion is now seeking a merger with a major European defense contractor.

BAE Systems, under pressure to find a strong European defense partner with the looming exit of the United Kingdom out of the EU on March 2019, has historic and close cultural ties with Rome-based Leonardo (formerly Finmeccanica). 

BAE Systems spokesman Rowan Pearman declined to  comment on any possible merger with Leonardo. Under the UK Takeover Panel code, a company cannot pursue a merger for at least six months following a denial of interest.

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CI VIEW: President Trump to resurrect Puerto Rico to former glory through CEO intervention, PREPA privatization UPDATE

SAN JUAN/WASHINGTON DC (BBN) — (Update on November 6, 2017 to add comments by Financial Oversight and Management for Puerto Rico Chairman Jose Carrion IIIDonald J. Trump’s harnessing of CEO intervention, the US military and exploiting the White House bully pulpit to resurrect of Puerto Rico to its former glory following the devastation by Hurricane Maria will undoubtedly be the high point of his presidential legacy.

[President Donald J. Trump arrival on Air Force One filmed by Capitol Intelligence using CI Glass at Muniz National Air Guard Base in Puerto Rico. President Trump and First Lady Melania was met by Puerto Rico Governor Ricardo Rossello and  wife. October 3, 2017]

To many in Puerto Rico — Hurricane Maria is a blessing in disguise as the enclave was facing an even more devastating slow death under USD 70bn of unsustainable debt to Wall Street banks and asset managers.

President Trump effectively talked down Puerto Rico bond prices from about 60 cents on the dollar pre-Hurricane Maria to about 30-35 cents following a choreographed impromptu interview with Fox News anchor and Puerto Rican native, Geraldo Rivera during during his visit on October 3, 2017 .  The USD 9bn in bond debt owed by PREPA will be zeroed out as Hurricane Maria wiped out the utility.

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CI VIEW: President Trump’s USD 1 trln infrastructure fund triggers National bank vs bond agency debate UPDATE

WASHINGTON/BALTIMORE (BBN) –  (Update on October 26, 2017 to add comments from Temasek Holdings CEO Ho Ching) — President Donald Trump plan to spend up to USD 1 trillion upgrading US infrastructure has triggered the first serious bipartisan debate in Congress whether the United States should establish a National Infrastructure Bank and/or national bond authority.

[President Donald Trump speaks with Capitol Intelligence/BBN using CI Glass at Economic Club of Washington DC event prior to entering race for Presidency and the opening of Trump International Hotel in Washington, DC. December 15, 2014]

US House Transportation and Infrastructure Chairman Rep. Bill Shuster (R-PA) says he opposes the establishment of a National Infrastructure Bank while US Senator Mark Warner (D-VA) is pressing for an independent National Infrastructure Bank or financing authority.

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Capitol Intelligence MENA
Regional HQ, HQ & Bureau locations

project-image-thumb4Supplying in-depth and actionable intelligence and forward looking news on financial, regulatory, commodity and political risk for Middle East and North Africa with special attention to gateway markets such as Tunisia and Jordan for the growth markets of Libya, Algeria, Iraq and Oman.

Financial industry research teams based in Amman and Tunis compile, in cooperation with staff based in MENA, a full database of critical financial information (M&A, debt, P&L, company info and top officers) and relevant regulatory/legislative documents.

HQ – Tunis, Tunisia and Amman, Jordan
Regional HQ – Baghdad, Iraq; Tripoli, Libya; and Muscat, Oman.
Bureaus – Basra, Iraq; Erbil, Iraq; Alexandria, Egypt; Benghazi, Libya; Riyadh, Saudi Arabia; Teheran; Muscat Oman; Manama, Bahrain; and Abu Dhabi, UAE.

CI VIEW: Tunisia economic revival linked to Baltimore/Bizerte Sister City initiative UPDATE

BALTIMORE/BIZERTE (CI MENA) — (Updated on November 10, 2017 to add interview with Groupe Loukil Chief Executive Bassem Loukil and Africa Maghreb Bank (AM Bank) – America’s fastest growing city is becoming the key driver in reviving the fortunes of the Arab world’s first representative democracy – Tunisia through the nascent Sister City partnership between Baltimore, Maryland and the ancient and strategic port city of Bizerte,Tunisia.

[Baltimore Mayor Catherine Pugh and Tunisian Member of Parliament and highest elected official of Bizerte, Ali Belakhoua filmed by Capitol Intelligence/BBN using CI Glass agreeing on Sister City partnership during Congressional Black Caucus Foundation ALC in Washington, DC. September 20, 2017]

Tunisia’s strategic importance was formalized by President Barack Obama when he declared the North African nation as America’s most strategic non-NATO US ally and the nation’s strategic importance for the US continues with President Donald J. Trump under the leadership of US Commerce Secretary Wilbur Ross and Secretary of State Rex Tillerson.

Ali Belakhoua, a Tunisian Member of Parliament and highest elected official of Bizerte, met with Baltimore Mayor Catherine Pugh at the Congressional Black Caucus Foundation Annual Legislative Conference in Washington DC on September 20 and agreed to go ahead with a formal signing during the IMF World Bank Annual meeting on October 10-15, 2017.   

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Capitol Intelligence Greater Central Asia
Regional HQ, HQ & Bureau locations

project-image-thumb3We supply in depth and actionable intelligence and forward looking news on financial, regulatory, commodity and political risk for Greater Central Asia comprising of Pakistan, Kazakhstan, Afghanistan, Uzbekistan, Turkmenistan, Georgia, Azerbaijan, Tajikstan, Tatarstan (Russian Federation), and Kyrgyzstan. The entity will maintain main editorial operations in Almaty and Islamabad, with commercial operations to based in Karachi or Lahore and Kazan.

Greater Central Asia editorial service will be based in with regional offices to be determined. The focus of coverage will be both listed and privately held companies and the development of an interface for the emerging natural resource sector.

Pakistan

Regional HQ- Islamabad
Bureau – Karachi and Lahore

Afghanistan

Regional HQ- Kabul
Bureau – Herat and Kandahar

Tatarstan (Russian Federation)

Regional HQ- Kazan

CI VIEW: Fiat-Chrysler Marchionne seeks merger with Korea’s Hyundai; China Great Wall stalking horse UPDATE

WASHINGTON/MILAN (CI GCA) – (Update on September 25 2017 to add comments by South Korea Foreign Minister Kang Kyung-Wha and US House Ways and Means Committee Ranking Member Sander Levin (D-Michigan) — Fiat Chrysler Automobiles (NYSE:FCAU) CEO Sergio Marchionne is now setting his sights on a merger with South Korea’s automotive giant The Hyundai Motor Group while at the same time using China’s Great Wall Motor Co as a stalking horse, sources close to the situation said.

[Fiat Chrysler Automobiles FCA CEO Sergio Marchionne speaks to Capitol Intelligence/CI GCA using CI Glass at the Brookings Institution in Washington, DC.]

It is understood that FCA CEO Marchionne began planting rumors of possible Chinese interest in FCA in June after being rebuffed first by General Motors (NYSE:GM) CEO Mary T. Barra and later by troubled Wolfsburg, Germany-based Volkwagen Group (ETR:VOW3).

Jim Trainor, a Hyundai spokesman in the United States, said the company does not comment on market rumors. HMG, world’s fifth largest automotive manufacturer, owns the Hyundai and KIA automotive brands that operates US manufacturing plants in Montgomery, Alabama (Hyundai Santa Fe,, Sonata and Elantra and KIA (Santa Fe, Sorento) in West Point, Georgia.
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CI VIEW: Amazon’s Jeff Bezos to pick Baltimore for Amazon HQ2 in game changing beauty contest

BALTIMORE/WASHINGTON, DC (BBN) – Amazon.com INC, (NASDAQ:AMZN) founder and CEO Jeff Bezos will almost certainly pick the City of Baltimore for its planned second headquarters notwithstanding its nationwide beauty contest.

[Amazon CEO Jeff Bezos filmed by Capitol Intelligence/BBN using CI Glass ahead of US CEO Summit with Indian PM Narendra Modi ahead of Oval Office meeting President Donald Trump. The Willard Hotel in Washington DC. June 24, 2017]

According to Amazon’s pitch document, the new Amazon headquarters would create 93,000 direct and indirect jobs; a capital investment of USD 3.1bn; and an estimated 233,000 annual hotel nights by Amazon employees.

Even as US cities such as Detroit, Chicago/St. Louis, Cleveland scramble with their own AmazonHQ2 proposals, Baltimore’s strategic location combined with dynamic political leadership of Baltimore Mayor Catherine Pugh and Maryland Governor Larry Hogan all but guarantees Amazon will pick the Charm City for its new headquarters.

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

WASHINGTON/BALTIMORE (BBN) – (Updating on September 23, 2017 to add interview of Sean “Diddy” Combs by US House Financial Services Committee Ranking Member Rep. Maxine Waters (D-Calif.) —  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 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 administration of Donald Trump is looking at taking long overdue antitrust action both by the US Department of Justice (DOJ) and US Federal Trade Commission (FTC) as the 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: Magic Johnson co-opts France’s Sodexo and Starbucks to bridge the opportunity gap UPDATE

WASHINGTON (BBN) — (Updated September 15, 2017 to include interview with Starbucks Executive Chairman Howard Schultz)  — Earvin “Magic” Johnson’s ability to co-opt some of the world’s largest companies such as Paris-based catering and outsourcing giant Sodexo (EPA:SW) and Seattle-based Starbucks (NASDAQ: SBUX) is more impressive than his exploits on the basketball court.

[Magic Johnson Enterprises founder and CEO Earvin “Magic” Johnson filmed by Capitol Intelligence/BBN using CI Glass at Back to School Block Party at all-male DC Public Ron Brown High College Preparatory High School in Northeast DC]

Johnson, who owns a 51% stake in SodexoMagic, — an educational catering business with Sodexo – returned to Washington DC where the company holds a city contract to give an inspiring speech to DC Public Schools first all-male high school, the Ron Brown College Preparatory High School in Northeast DC.

But Johnson’s strategy of targeting African-American communities such as nearby Prince George’s County and Harlem in New York with amenities such as shopping malls, Starbucks and move theaters has transformed his Los Angeles-based Magic Johnson Enterprises into a multi-billion private equity fund with an even more impressive 40% internal rate of return (IRR).

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CI VIEW: UVA President Sullivan and VA Gov McAuliffe failing to the top in Charlottesville

CHARLOTTESVILLE (BNN) — On Labor Day, the University of Virginia college town of only 40,000 residents was still reeling from the white nationalist/neo-Nazi riots that brought the tragic deaths of 32-year-old Heather Heyer and Virginia State Troopers Lt. H. Jay Cullen and Berke M. Bates during Unite the Right rally over the removal of General Robert E. Lee‘s statue in Emancipation Park.

[Pro-Confederate Labor Day protest filmed by Capitol Intelligence/BBN using CI Glass over the removal of Robert E. Lee statue at Emancipation Park in Charlottesville, Virginia. September 4, 2017]

But the shock is quickly turning into anger against University of Virginia President Teresa A. Sullivan and Virginia Governor Terry McAuliffe for failing in their moral obligation to properly ensure the safety and security of UVA students and the citizens of Charlottesville.   

African-American Charlottesville residents such as Garcia Johnson and Cavalier Barbers owner Eric Massie were dumbfounded to learn that University of Virginia President Teresa A. Sullivan could have stopped the alt-right Tiki torchlight protest Friday, August 11 by exercising a Virginia law that makes it a Class 6 felony for anyone who burns an object with the objective to “place another person in reasonable fear or apprehension of death or bodily injury.” 18.2-423.01 of the Virginia Code.

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