Article: Business

Citigroup has launched a drive to boost financial literacy in urban communities.

You’ve seen his work. From Los Angeles to Atlanta, Harlem to Chicago, Japan to the U.K., Shawn Prez, President & CEO of Power Moves, Inc. (PMI), a full service marketing, promotion and event planning agency, has combined his innate understanding of the urban market with his passion for arts and entertainment to create one of the most recognizable ‘urban youth’ marketing agencies.

The summit will be held October 15 at The Pierre Hotel. Designed by Essence’s editors, Women Who Are Shaping the World offers a day of transformation and a unique opportunity for attendees to interact with African-American business leaders, entrepreneurs, educators and trailblazers. “Black women are seeking solutions to their unique career challenges and looking for strategies that create peace and balance in their lives,� said Susan L. Taylor, editorial director of Essence. “The goal of our summit is to help women own their power and direct it in ways that create optimum success.�

The Nigerian subsidiary of the Anglo/Dutch oil giant, Shell Petroleum Development Company (SPDC), on July 20 announced the appointment of Basil Omiyi as its new managing director with effect from September 1, 2004.

In response to a new report on discriminatory auto loan markups by American Honda Finance Corporation, Bill Lann Lee, the former Assistant Attorney General for Civil Rights and a partner at Lieff Cabraser Heimann & Bernstein, has announced new measures against the company.

In an effort to combat record unemployment levels for African American males now placed at over 50 percent, leading New York Politicians are working on strategies to offer incentives for corporations to create more jobs. At the same time, the elected officials demanded for Federal money for what some called a “national crisis.�