US investment banking giant Goldman Sachs Group Inc. reported Tuesday that its second-quarter profit plunged 82 per cent to 613 million dollars amid major charges in paying a fine to US financial regulators and settling bonus taxes in Britain.

Amazon.com Inc., the world's largest online book retailer, sold more digital books than hardbacks in the second quarter.

If eyes are a window to the soul, then Juan Diaz is on fire. World boxing champion at age 21. Six successful title defenses. Unifying champion in the WBA, WBI and the IBA. And he is much more than a fighter.

The National Association of Homebuilders (NAHB) has issued a report indicating the market for new, single-family homes have declined to its lowest point since April 2009.

Oil giant BP Plc faced fresh worries over leakage in a damaged oil well in the Gulf of Mexico, yet was given an uneasy go-ahead by the government to continue capping the well through Monday.

The number of businesses owned by minorities increased faster than the number owned by non-minorities, according to Census data released July 13. But minority companies' economic impact- -- measured by total sales and how many workers they employ- -- budged only a little from 2002 to 2007. And the percentage of minorities who own businesses is still far lower than the percentage of whites who do.

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.

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.