HispanicBusiness

Business

Construction Spending Sank in March

Construction spending in the U.S. dropped 1.7 percent from February to March, the Census Bureau News reported Wednesday.

The U.S. Hispanic Market: Fast-Growing But Diverse

Hispanic millennials, GenXers and boomers all have their own buying patterns and should be marketed to accordingly, a new AHAA study points out.

Time Warner Profits Up, Revenues Down

The Time Warner media conglomerate reported higher first quarter profit Wednesday attributable to an increase in subscriptions to its pay TV service.

Online Tax Could Level Playing Field for Brick and Mortar Shops

Congress could help small businesses and state coffers as it moves toward requiring large Internet vendors to collect state sales taxes.

Apple Raises $17 Billion in Record Bond Sale

Apple raised 17 billion dollars Tuesday in a record bond offering that was snapped up by investors at rates almost as low as those paid by the US treasury.

As Big Data Becomes Big Business, Analysts in Demand

The McKinsey Institute predicted in 2011 that a big-data boom would create up to 190,000 new deep-analytics positions in the United States, and demand for 1.5 million data-savvy managers.

Best Buy Calls It Quits in Europe

Best Buy said it had agreed to a deal allowing it to back out of its European business interests, with British telecommunications company Carphone Warehouse Group buying its half of a partnership between the two.

Pfizer's Q1 Results Don't Look Rosy to Wall Street

Drug maker Pfizer reported first-quarter financial results that disappointed Wall Street, with dramatically increased profits failing to mask weaknesses in pharmaceutical sales.

Martha Stewart Living Omnimedia Reports Q1 Results

Martha Stewart Living reported revenue for the first quarter of $37.2 million, down from $49.8 in the first quarter of 2012.

Pfizer, Merck to Develop Diabetes Drug

Drug giant Pfizer has joined up with rival Merck & Co. to develop a new medication for type 2 diabetes.

Manufacturing Is Flat in Texas

Texas manufacturing was as flat as a prairie in April, with the Dallas Fed reporting nearly imperceptible movement.

Apple, Microsoft Tapping Bond Market

With interest rates at near record lows, tech companies Apple and Microsoft are entering the bond market.

Plan to Seize Underwater Mortgages Reviewed in North Vegas

The North Las Vegas City Council will take a closer look Tuesday night at aproposal to use eminent domain to seize underwater mortgages in an attempt to boost the city's sagging housing market.

Reuters Reports Q1 Results

Thomson Reuters reported adjusted EBITDA declined 2 percent and underlying operating profit decreased 7 percent over the prior-year period. Adjusted earnings per share were down one cent.

Herbalife Blows Past Projections

Nutritional products company Herbalife, subject of a battle between hedge fund hot shots Carl Icahn and Bill Ackman, posted an adjusted quarterly profit that exceeded expectations, and raised its full-year profit forecast.