President Barack Obama said Tuesday that he and his central bank believed the U.S. economy was continuing to strengthen despite a plunge in consumer confidence in June.

Supreme Court nominee Elena Kagan on Tuesday fought off Republicans who were trying hard to paint her as a liberal activist, saying she'd be a fair, open-minded justice and refusing to call herself a "legal progressive."

David Villa scored again and Spain booked their place in the quarter-finals with a 1-0 win over Portugal at the Green Point stadium on Tuesday.

The Obama administration will award $2.3 billion in high-speed rail money this year, a boost to California's dream of capturing annual funds to build a bullet-train project that critics say the state cannot afford.

Big banks such as Bank of America Corp. are likely to absorb the biggest profit hit from the financial reform legislation headed toward President Barack Obama's desk, according to analysts sifting through the bill's fine print.

To some, the biggest challenge arises from the fact that G20 leaders failed in Toronto to work out a much-needed coordination in a reformed global financial mechanism which is required to tackle the much-entangled financial and economic crises the world over.

Hispanics are now the largest ethnic minority in the United States and during the past decade, U.S. Hispanic purchasing power has rapidly increased. This report takes an in depth look at how today's Hispanic Economy is transitioning into an economic power in the U.S. Click here for the executive summary and table of contents!

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.

The combined revenue for the nation's 500 leading Hispanic-owned firms plummeted in 2009 by an astonishing 16.6 percent, to $30.1 billion -- the largest one-year drop in the 28-year history of the HispanicBusiness 500.

Last June General Motors was staring into an abyss. Fast forward 12 months and the company has repaid around $8 billion of debt and just announced its first quarterly profit in almost three years. So yes there's been a recovery. But it's been a rollercoaster ride for GM shareholders and employees, and for scores of the company's Hispanic dealerships, which have experienced all the ups and downs of their corporate parent.

With the tough economic year of 2009 now safely in the rearview mirror, a clearer picture of the damage wrought by the recession is emerging.

Molina Healthcare has surpassed Brightstar as the No. 1 company on the HispanicBusiness 500 list.