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Saudis may be ready to revise oil policy
Worried about a potential political backlash from oil that is trading at over $130 per barrel, the Saudis are ratcheting up their effort to cool things down. The Saudis have promised an additional 300,000 barrels a day of supply beginning this month. That would bring their daily output to 9.45 million barrels. They have also called a meeting for June 22 in Jeddah, Saudi Arabia, to discuss the situation.

Elian Gonzales, Sent Back Home in 2000, Joins Cuba's Communists
Elian Gonzalez, the child at the center of a highly emotional custody dispute between the US and Cuba in 2000, has joined the youth wing of the Communist Party of Cuba, the party newspaper Granma reported Monday.

Adidas: Leading Market Share in Football Segment Increased
Sports goods maker adidas has further strengthened its role as Europe's leading supplier of football (soccer) equipment in 2007, its CEO said in Vienna on Monday.

Honda Starts Producing Next-Generation Fuel Cell Car
Honda Motor Co. on Monday began producing a next-generation fuel cell vehicle that it hopes will propel zero-emission cars running on hydrogen closer to the mainstream. Japanese automakers are in a race to produce fuel-efficient, environmentally friendly vehicles amid soaring prices at the pump. Honda said it would set up the first network of sales dealers in the United States for fuel cell vehicles.

HispanTelligence Research
The number of Hispanic-owned businesses in the United States is expected to grow 41.8 percent in the next six years to 4.3 million, with total revenues surging 39 percent to more than $539 billion, according to new estimates by HispanTelligence. Spurred by growing entrepreneurial trends and affluence among the nation's largest minority population, the increase is expected to come at a robust rate of 8.5 and 8.7 percent, respectfully, over the next couple years.

Purchase the 2007 Hispanic Business 500 Directory
For more than two decades, the annual Hispanic Business 500 directory has served as a barometer of the U.S. Hispanic economy. A purchase of the 2007 directory provides the top 500 Hispanic-owned companies list in Excel format including: CEO names; company addresses and telephone numbers; e-mail addresses for 375 companies and Web addresses for 430 companies; and company revenue and employees numbers for 2005 and 2006.

Hispanic-Owned Businesses Estimated to Reach at Least 2.2 Million in 2008
HispanTelligence estimates that existing trends support the projections of at least 2.2 million Hispanic-owned businesses generating close to 388.7 Billion Dollars in revenues in 2008 according to a new report released by Hispantelligence. With a compound annual growth rate of 9.1 percent over the last 5 years, Hispanic-owned businesses are increasingly impacting the overall U.S. Economy.

From the current issue of Hispanic Business magazine...
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Robert Aguallo Says Rebuilding Infrastructure is the Next Boom
In early May, Robert Aguallo Jr., a major figure in the world of colossal public pension funds, announced that he was leaving the public sector to take over a fledgling private fund based in Los Angeles. Whatever Mr. Aguallo does is noticed in the financial world, but this time there is a potentially even bigger story behind why he made the move to manage the new fund, called Cardinals America. It's a story that could literally change the face of California, and potentially the entire nation.

A Candid Q&A With the CEO of Brightstar, the HB500's Top Company
For the second year in a row, R. Marcelo Claure, the chairman, CEO, and president, has taken his company, Brightstar Corp. to the top of the Hispanic Business 500 companies. He's done so with verve, vision, and the ability to penetrate new markets. Despite his globetrotting schedule, we caught up with Mr. Claure this spring for a surprisingly forthright interview. He not only shared his business philosophies, he also gave us a glimpse of his early experiences that set the course for his remarkable success. Our discussion spanned a variety of issues and topics.

HB 500 Methodology
Miss out on this year's Hispanic Business 500 -- or want to nominate another company as a candidate to our list? Or do you just want to know our methodology in selecting the list? Click through!

The Hispanic Business 500: Tough Economy Challenges Hispanic-Owned Firms
The Hispanic Business 500 have endured turbulent economic times before, but market conditions proved especially bearish for U.S. Hispanic companies in 2007. Revenues for this year's HB 500 slid backwards 0.6 percent to $36.1 billion. It is the first such dip since 2002, and only the third in the directory's 26-year history. It should come as no surprise that more than 41 percent of CEOs cited market conditions as the top barriers to growth in 2007.

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