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(Updated on January 17, 2016 to include comments for Republican presidential candidate Gov. John Kasich (R-Ohio)
WASHINGTON/BRETTON WOODS, NH (BBN) – Industrial Bank, the privately-held DC minority owned bank, is seeking M&A options as it is no longer able to operate as an independent bank due to significantly increased regulatory costs stemming from Dodd-Frank, Industrial Bank President and CEO B. Doyle Mitchell, Jr. said.
[Industrial Bank CEO B. Doyle Mitchell, Jr speaks to BBN using CI Glass at US House of Representatives Committee on Small Business Subcommittee on Investigations, Oversight and Regulations Dec. 3, 2013]
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MILAN (BBN) – (Update on June 30 to include comments from Emirates President Sir Tim Clark) The success or failure of the Expo 2015 Universal Exposition may well determine whether Milan — and Italy as a nation — can maintain its key role as the financial center of southern European and the Mediterranean.
[Italian Pavilion head Diana Bracco speaks to Capitol Intelligence using CI Glass at the opening of the Expo 2015 exhibition space in Milan]
The head of the Italia Pavilion, Diana Bracco, said US support is critical for the global success of the Expo 2015 that has already brought together important gulf nations such as the United Arab Emirates and the Sultanate of Oman. UAE, which is hosting the Universal Exposition in 2020 in Dubai, is looking very closely at all aspects of Milan Expo 2015.
Unicredit Chief Executive Officer, Federico Ghizzoni, said that the Milan Expo is already proving to be a huge economic success for Milan and Italy as a whole.
WASHINGTON (BBN) (Update on May 26 to add new interview with Northrop CEO Wes Bush and speculation on United Technology Corp. (NYSE:UTX) tie-up) – Northrop Grumman (NYSE:NOC) chief executive Wes Bush said the US defense group is seeking to significantly expand its international sales and non-defense commercial operations.
[Northrop Grumman CEO Wes Bush speaks to Capitol Intelligence/BBN using CI Glass at Economic Club of Washington, Dc on April 17, 2014.]
Speaking to Capitol Intelligence following an Economic Club of Washington interview with Carlyle co-founder David Rubenstein, Bush said the company is moving to aggressively boost sales outside of the United States from its current level of 10%.
BALTIMORE/WASHINGTON (BBN) – Small business leaders have already started to take the lead to transform Baltimore into the new economic hub of the Eastern United States after rioting forced Maryland Governor Larry Hogan to call up the National Guard and a near week long curfew.
[Siemens AG chief executive Joe Kaeser speaks to Capitol Intelligence/BBN using CI Glass at Export-Import Bank Annual Conference in Washington, DC. April 23, 2015]
The recent images of a rioting, National Guard soldiers carrying M-16 machines guns through the city’s financial and tourism district have so distorted the reality of Baltimore that small business leaders took it onto themselves to get out the message that Baltimore is an already successful city destined for greatness as a financial, logistics, healthcare, energy and IT hub.
National Harbor, Maryland (BBN) — Prince George’s County Executive Rushern Baker III brought more than 70 Chinese companies and high-level officials to the SelectUSA Investment Summit held at National Harbor, Maryland on March 23-24, 2015.
[Prince George’s Country Executive Rushern Baker speaks to Capitol Intelligence using Google Glass at the Congressional Black Caucus Legislative Conference on September 26, 2014]
Baker said that he invited the Chinese companies to be Prince George’s County guest at the upcoming SelectUSA Investment Summit hosted by the US Department of Commerce Secretary Penny Pritzker and President Barack Obama with over 1,000 foreign companies and 2,500 delegates.
WASHINGTON/ANACOSTIA (BBN) – [Update: Adding interview with Hogan Companies Vice President Phillip Charles Musgrave. Feb. 18, 2015] – Anacostia, once one of the most violent and poorest African-American neighborhoods in the US, is rapidly transforming itself into the financial and applied technology hub of the eastern United States.
[Curtis Investment Group Chief Operating Officer Michael B. Gimbert speaks to Capitol Intelligence/BBN using CI Glass at the Inauguration of Shannon Place with Mayor-elect Muriel Bowser and the late former DC Mayor Marion Barry.]
The turnaround of Anacostia — whose geographic isolation across the Potomac River was used by white Washington to isolate many of the District’s African-Americans into an almost fortressed ghetto – is set to become one of the greatest economic transformations in the history of the United States.
One of the key project is the USD 45m Shannon Place office building, with unbeatable view if the US Capitol and the Mall, will house office of defense giant General Dynamics and other businesses such as the DC Lottery.
The building was financed by the historic Anacostia “Big Chair” Curtis family furniture company through the family-owned Curtis Investment Group and project managed by Four Points.
WASHINGTON (BBN) – Digicel — the Caribbean mobile phone operator and Haiti’s largest employer owned by Irish billionaire Denis O’Brien — is quietly making the country a high-tech center, Digicel Business General Manager Carl Momplaisir said.
[Digicel Business General Manager Carl Momplaisir speaking to Capitol Intelligence using Google Glass at the Congressional Black Caucus Foundation Annual Legislative Conference in Washington, DC. September 26, 2014.]
In an interview with Capitol Intelligence/Black Business News at the Congressional Black Caucus Foundation Annual Legislative Conference, Montplaisir said Digicel is bringing first world solutions to the poorest country in the western hemisphere.
WASHINGTON (BBN) –(Updated Feb. 20, 2015 with comment from FCC Commissioner Ajit Pai) — Federal Communications Commission (FCC) Chairman Tom Wheeler needs to take proactive measures to protect independent and minority media from the continuing consolidation of big media, Radio One(NASDAQ:ROIAK) Founder and Chairperson Cathy Hughes said.
[Capitol Intelligence/Black Business News interviews Radio One Chairman and Founder Cathy Hughes CI Glass at the Newseum in Washington, DC. August 9, 2014.]
There is growing concern among minority media owners that the proposed USD 50bn takeover by AT&T(NYSE:T) for Direct TV(NASDAQ:DTV) and the planned merger between Comcast(NASDAQ: CMSCA) and Time Warner Cable ( NYSE: TWC) will squeeze minority and small independent broadcasters out of the market. Continue reading →
MILAN (BBN) — Eataly, the privately-held Alba, Italy-based gastronomic food group, is planning to launch an initial public offering sometime in 2016, Eataly Founder and Chairman Oscar Farinetti said.
[Eataly Founder and Chairman Oscar Farinetti speaks to Capitol Intelligence/BBN using CI Glass on future initial public offering at Malpensa airport. Milan, Italy. April 28, 2014]
Speaking in an interview with Capitol Intelligence/BBN at Milan’s Malpensa airport, Farinetti said the company with annual sales of EUR 400m would like to launch initial public offering using a “new model’ for such transactions.
“We have used new models for everything. We don’t like the normal models and we (are) thinking of a new model for an IPO,” he said. Farinetti said that he has not named advisers for the IPO but noted that Italy’s listed private equity fund Tamburi Investment Partners has a 20% stake in Eataly.
WASHINGTON (BBN) — After building an USD 25m federal homeland security business in a dozen years, Twyla N. Garrett is setting her sights on parlaying that expertise into success in the B-2-B and consumer markets.
[IME CEO Twyla N. Garrett speaks to BBN using CI Glass at “Recognizing Excellence: Honoring Female Veterans” hosted by Ladies America at the National Press Club of Washington on Dec. 2, 2013]
Garrett, president and chief executive officer of Washington DC-based Investment Management Enterprise (IME) in an interview with Black Business News, said she will be meeting with venture capital consultants in the next couple of weeks to raise USD 1.5m for establishing a corporate headquarter in Atlanta to develop software solutions that help consumers keep and transport their records safely.