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Wednesday, February 5, 2003

Volume 4, Issue 5

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In the news this week...

Hispanic Chamber Update
Hispanic Business magazine continues its ongoing coverage of the management issues facing the United States Hispanic Chamber of Commerce. Below are links to related articles and information.

Hispanic Group Criticizes "Kingpin"
"Kingpin," a new TV drama about a drug cartel run by a Mexican family, was criticized by a civil rights group as a slap against Hispanics that will reinforce prejudices.

The League of United Latin American Citizens said Monday it was "very disappointed with NBC's decision" to air the series, which premiered Sunday.

Kmart and Fleming Terminate Supply Arrangement
The supply agreement would have otherwise expired in February 2011 and could not have been clearly terminated by Kmart without cause until the first quarter of 2007.

Pfizer Presents Health Program to Congressional Hispanic Caucus
Pfizer for Living Share Card offers a $15 flat fee for Pfizer prescriptions to an estimated 300,000 eligible U.S. Hispanics.

Court Dismisses SBS Lawsuit
A United States District Judge ruled Friday to dismiss the antitrust lawsuit brought by Spanish Broadcasting System, Inc. against Hispanic Broadcasting Corporation and Clear Channel Communications, Inc.

SBS Chair Speaks Out on New Telecom Initiative
Raúl Alarcón, Chairman, President and CEO of Spanish Broadcasting System, Inc. ("SBS") issued the following statement regarding the "Telecommunications Ownership Diversification Act of 2003."


Panel Narrowly Approves Court Nominee
A Republican-led Senate panel narrowly approved conservative lawyer Miguel Estrada for a key appeals court, in a party-line vote Thursday that reflected the rancor over President Bush's push to reshape the federal bench.

Political Power Evades Group with Lagging Citizenship
The Hispanic population is certainly growing, but their political power has yet to catch up fully.

Business Investment Drops Four Percent
U.S. businesses invested $1.1 trillion in new and used capital goods in 2001, a four percent decrease from the previous year, the Commerce Department's Census Bureau reported today.

Hispanic Numbers on Corporate Boards Rising
In a study by the HACR, the number of Hispanics on the boards of directors of corporate America popped up 5.5 percent in 2002 -- a tumultuous year for companies grappling with scandals over accounting and oversight by directors.

Delta Sings a New Tune
Delta announced their new low fare wholly-owned subsidiary - Song - which will begin flights from all three New York area airports to Florida beginning in April. The low-fare carrier is an attempt to duplicate the success of rival JetBlue Airways.

NAMAD University to Provide Training, Education
The National Association of Minority Automobile Dealers (NAMAD) and The Reynolds and Reynolds Company (NYSE: REY) today announced the formation of NAMAD University, the association's new education, training and consulting group.

From the current issue of

Hispanic Business magazine

New Economics and Markets Define Diversity
The Hispanic Business Corporate Diversity Survey, debuting in this issue, addresses this issue by taking a comprehensive view of diversity efforts.

Contacts for Contracts®
Don't be put off by their size. Bix-box retailers offer an abundance of contracting opportunities for those minority vendors enterprising enough to seek them.

Visit our other sites!

HBEvents.com provides the most up-to-date information on Hispanic Business Inc. educational services and events, including the Hispanic Business Magazine Entrepreneur of the Year.

HispanTelligence.com contains quantitative data and a qualitative analysis on the U.S. Hispanic market. It allows researchers and business planners to access data on the Hispanic market.

HireDiversity.com, the recruiting branch of the family, offers an efficient place for minority job-seekers and diversity-minded employers to meet. The site also offers an array of diversity news.

SuperOnda.com is the site of the sister magazine of HISPANIC BUSINESS. It aims at passing along the Hispanic heritage of success to the next generation of young Hispanics. The site features a list of the best schools for Hispanic students, career development resources, musical and entertainment reports and much more.

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