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Friday, May 3, 2002

Volume 3, Issue 17


Hispanic Business Magazine

In the news this week...


Citigroup to Target US Hispanic Market Through Banamex
(BNamericas.com) - US-based financial services giant Citigroup (NYSE: C) is using its Mexican subsidiary Banamex to target the growing US Hispanic market, the Financial Times reported. Citigroup acquired Banamex last year for a stunning $12.5 billion to increase its footprint in Mexico and to take advantage of Banamex's brand recognition among Mexicans living in the US. Banamex is one of Mexico's largest banks in terms of assets.

Menendez Eyes Democratic Caucus Chair
Rep. Bob Menendez of New Jersey, a candidate to fill the chairmanship of the Democratic caucus in the U.S. House of Representatives, said Thursday he would give Hispanics a voice in the party's upper echelon if chosen.

Latinos Comprise 9 percent of U.S. Internet Users
Latinos now account for 9 percent of all U.S. Internet users, and the "digital divide" separating Hispanics and other minorities from the white population may be slowly closing, a survey by Rochester-based consulting firm Harris Interactive shows.

U.S. Jobless Rate Hits 6.0 Percent
The US jobless rate leapt to a near eight-year high of 6.0 percent in April, the government said Friday, smothering speculation of a rate rise before August.

Senators Daschle and Kerry Hear Hispanics on Digital Divide
Representatives from Communications Careers For Latinos, Inc. (CCL, Inc.) and The Alliance for Latino Community Technology (ALCT) met with leaders in the Hispanic community and US Senators Tom Daschle and John Kerry to discuss budget priorities, welfare reauthorization, immigration issues and the agenda for a conference to address the Digital Divide.

MALDEF Elects New Chair, Opens Atlanta Office
LOS ANGELES--(HISPANIC PR WIRE - BUSINESS WIRE)--May 1, 2002--MALDEF(the Mexican American Legal Defense and Educational Fund) announced that Joseph A. Stern has been elected its new Board Chair.

MLS Partners with Latino Book & Family Festival
Major League Soccer (MLS) announced today a multi-year partnership with the Latino Book & Family Festival (LBFF) that will have both organizations engage in meaningful cross-promotions and other mutually supportive activities. As part of the alliance MLS will grant LBFF the designation of "Official Promotional Partner."

US Treasury Sees GDP Slowing, But "Still Robust"
WASHINGTON, April 30 (AFP) - The US economy should slow to a more sustainable pace in coming months after it accelerated out of recession last quarter, Richard Clarida, Assistant Treasury Secretary for economic policy, said Tuesday.

Hispanics will Transform the South, Experts Say
Charlotte, North Carolina, Apr 29 (EFE).- Recent Hispanic immigration in the U.S. southeast will bring social changes to the region unparalleled since the civil rights movement of the 1960s, a top public policy expert told a conference here.

Are Business Air Fares Unfair?
A survey by the Business Travel Coalition, an association of companies that for several years have fought high business fares, says 56 percent of the nation's biggest companies so far this year have turned to restricted, discount tickets and low cost airlines. That's double what it was three years ago.


HireDiversity.com

From the current issue of
HISPANIC BUSINESS magazine...

Hispanic Business magazine


Facing The Cyber Threat
Before last yearís terrorist attacks, many companies dismissed computer system security as an afterthought, because they felt it didnít provide a concrete return on investment. These days, more businesses view the payoff as simply the ability to survive a massive cyber-attack. Many companies are bolstering their defenses against hackers, viruses, and e-mail tampering.

Accessing Minority Markets
The U.S. Chamber of Commerce launches Access America to gain a toehold with Hispanics and other minorities.


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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