Archive for the ‘Business’ Category

Pentagon Awards $35 Billion Aerial Refueling Tanker Contract to Boeing

February 24, 2011 Leave a comment

Beating out the European Aeronautic Defence and Space Co, Boeing was awarded the $35 billion Pentagon aerial refueling tanker contract. The planes will be built in Kansas and in Washington State.

Boeing awarded 35 billion pentagon contract

Boeing president Kim McNerney said that they were ready “to apply our 60 years of tanker experience to develop and build an airplane that will serve the nation for decades to come”.

The contract could billow to $100 billion if the Air Force decides to have more made and it is expected to create approximately 48,000 jobs across the United States. The first 18 tankers (of 179) are to be delivered by 2017.

  • This artist's rendering shows Boeing's NewGen Tanker.The company will build the Air Force's next generation of air refueling tankers.


    This artist’s rendering shows Boeing’s NewGen Tanker.The company will build the Air Force’s next generation of air refueling tankers.






Borders Filing For Bankruptcy Protection as Soon as Next Week?

February 16, 2011 Leave a comment


Borders is the second- largest U.S. bookstore chain, and, as soon as next week, may file for bankruptcy protection, closing approximately 150 stores.

(via Bloomberg, image)

“Candyman: The David Klein Story”, Jelly Belly Inventor’s Documentary

February 9, 2011 Leave a comment

Candyman david klein jelly belly

David Klein was the remarkable inventor of the much-loved Jelly Belly jellybean. It started in 1976 when he owned a little Covina candy factory. After 4 years, he was known as Mr. Jelly Belly, but that’s when he reluctantly accepted a buyout from his manufacturer. His signature and name have since been removed from the website.

Documentary film “Candyman: The David Klein Story”, produced by Klein’s son, chronicles his involvement in the legendary candy that is now sold all over the world.

Part of Klein’s charm and success resulted from frequently giving things away, such as on his birthday, he would give free ice cream to all the neighbourhood children.

Herman Goelitz Candy Co., the Jelly Belly manufacturer, presented Klein with a hostile buyout offer with no attorneys present. Klein and his company partner signed the deal to receive $20,000 payments per month for 20 years (more than $4 million)

The Jelly Belly Co., now known as Goelitz (since 2001) understandably has a different take on what happened.

Jelly Belly spokeswoman Tomi Holt said, “It’s a great American success story… He’s a very creative person, and came up with a wonderful name that stood the test of time.” Holt said the Jelly Belly’s California plant acknowledge and celebrates him. As well, he is mentioned in public tours and his name is mentioned in the gift shop’s jelly bean book.

Can You Imagine That!, Klein’s new company, creates sand art candy (via his daughter Roxi) and novelty candy such as the heart in the attached picture, that bleeds red syrup.

Watch out though Goelitz. Klein is working on a new jelly bean, now that the 20-year non-competition contract has expired.  “I’m going to give them a fight for their money,”  said Klein, “Let the consumers decide which is a better product.”

The documentary itself changed Klein’s opinions though and gave him new hope, “I’m not bitter anymore, but I was.”

(via PasadenaStarNews)

Mark Zuckerberg & Priscilla Chan Have a Facebook Stalker!

February 8, 2011 Leave a comment

Mark zuckerberg priscilla chan

If there ever was the perfect tool for a stalker, it would be Facebook. It isn’t very hard to access all sorts of personal details about someone, especially if they leave their profile open to the public.

However, it is with irony that Facebook founder, Mark Zuckerberg and his girlfriend Priscilla Chan, have a Facebook staler.

Zuckerberg alleges that Pradeep Manukonda has left threatening messages against him, his girlfriend Priscilla, and his sister Randi.

Facebook logo 300x112

Manukonda has asked for money but, a judge has “ordered him to stay at least 300 yards from the Zuckerbergs and Chan”.

While it isn’t funny to really be stalked and threatened, the situation is mildly entertaining in an ironic sort of way.

(Via FameCrawler)

Madame C.J. Walker: Black Female Entrepreneur (Black History Month)

February 8, 2011 Leave a comment

In honor of Black History month:

Madame c j walker black history month

Born in December of 1867, in Delta Louisiana, Madame C. J. Walker was actually named Sarah Breedlove, and was the daughter of emancipated slaves.

At the age of 6, Sarah was an orphan, due to a yellow fever outbreak.

Her sister, a domestic worker, allowed her to move in and the two lived in Vicksburg, Louisiana. Sarah married Moses McWilliams when she was 14 and gave birth to her daughter Leila. A mere 6 years later, at age 20, her husband had been lynched (according to rumors).

Breedlove struggled many years in opportunity-less Vicksburg until she eventually moved to St. Louis to work as a laundress. At that time, she was not able to read or write well, but was extremely proud of her daughter Leila’s education.

Sarah began to lose her hair in her late 30s and discovered that hair product for black women was the cause. She decided to experiment at home to create a product that could regrow her hair. Once she perfected it, she bottled it herself and sold it to her friends and family. Considering the alternative products which caused hair loss, Sarah’s product grew in demand and she began selling it door-to-door.

She was wed to her second husband, Charles Walker in 1906. They moved to Denver, Colorado and Sarah began advertising there for her recently created hair products. She adopted a more professional name: Madame C. J. Walker. Her husband underwent a marketing campaign and successfully advertised in local black newspapers.

Their marriage was less successful than the product as she wanted to expand Charles wanted to stay in a limited market. Earning $10 a day in product sales, she decided to go ahead against her husband’s wishes. The couple subsequently divorced.

She developed the straightening comb, as well as facial and hair care products for African American women. Her daughter, Leila, joined her in her success and the products were eventually sold door to door by sales agents in Colorado.

Leila began a cosmetology school in Pittsburgh, for African Americans. Her and her mother moved to Indianapolis to established a factory. Madame C. J. became more educated and started to travel and sell her product throughout the States, in black churches, organizations, conventions and civic groups.

Madame C. J. eventually expanded to Caribbean and South America too and had over 3000 agents selling for her and included educating people on hair hygiene and care.

By 1913, Madame C. J. Walker and her daughter were very wealthy and had a townhouse built in Harlem, NY. “Madame C. J. was a big contributor to civil rights causes, NAACP, anti-lynching groups, education and charity.” (RantRave)

She eventually died at age 51 on May 25, 1919 of a heart-related issue. Her daughter then became President of Madame C. J. Walker Manufacturing Company.

(Information above came from RantRave. Please see full article there.)

Shari Fitzpatrick shares berry-good chocolate-dipping tips

February 5, 2011 Leave a comment

3F2SHARI embedded prod affiliate 4

Shari’s Berries, a company created by Shari Fitzpatrick, is known for it’s chocolate strawberries and other confections., has a new book coming out next week: “Berried in Chocolate: How I Built a Multimillion-Dollar Business By Doing What I Love to Do and How You Can Too“, available February 15th from Amazon, perfectly timed for the sweetest holiday, Valentine’s Day.

Though Fitzpatrick sold the company a few years ago, she still follows her passion and make the delicious and beautiful sweets.

For more information and tips on how to make your own beautiful chocolate dipped strawberries, please visit: SacBee.

Imprisoned Jeffrey Skilling (Enron) Loses 20 year-old Son In Overdose

February 4, 2011 Leave a comment

20-year old, John Taylor Skilling, son of infamous Enron exec Jeffrey Skilling who has served four years of a 24-year sentence, has died due to an ‘accidental overdose’.

(via Forbes)