|Tuesday, August 26, 2008 • Volume 4, Issue #309||Home||Research||Magazine||Contact Us|
|Top Stories||Complimentary Hispanic Business subscription|
It was another seesaw week on Wall Street, but it ended with a jolt of good news: a $6-a-barrel tumble in oil. This week, investors will be watching to see if crude extends its drop or bounces back up again.
As the stocks of Fannie Mae and Freddie Mac have plummeted, financial shares have taken a beating. But few have suffered as much as Lehman Brothers, the troubled investment bank whose stock plunged more than 10 percent on 11 days of the last quarter.
Spanish Broadcasting System, Inc.'s common stock closed at less than $1 per share for 30 consecutive business days, prompting a notice of deficiency from the Nasdaq stock market, SBS announced today. The notice, which SBS received Wednesday, Aug. 20, further states that the common stock must remain at or above $1 per share for 10 consecutive business days by Feb. 17, 2009, to maintain the listing of its common stock on the Nasdaq Global Market.
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.
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.
|From the current issue of Hispanic Business magazine...|
The full list of top exporters, recently revealed in our July/August issue, follows.
We talked with the founder of the top company from this year's Hispanic Business 100 Fastest-Growing list, Venegas Engineering Management and Construction, which is known more by its acronym VEMAC. Oscar Venegas disclosed a few of the secrets to his construction company's surprising success and shared some of what it's like doing business in El Paso, Texas.
The full list, recently revealed in our July/August issue, follows.
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