The number of single-family homes on the market reached a 42-year low in June, thanks to a strong rebound in home sales, according to a Commerce Department report issued Monday.

U.S. Sen. Jim Webb, D-Va., is calling for an end of federal diversity initiatives including affirmative action saying that such programs have "expanded so far beyond their original purpose that they now favor anyone who does not happen to be white."

The spokesman of the North Korean delegation at an Asian security forum said Friday that Pyongyang would physically respond to planned US-South Korean naval exercises.

Univision Services Inc., a wholly-owned subsidiary of Univision Communications Inc., pleaded guilty today to one count of conspiracy to commit mail fraud in connection with a scheme to obtain increased radio broadcast time.

US stocks on Monday continued a rally that began last week, pushing the Dow Jones Industrial Average back into positive territory for the year. Helping spur the rise were sales of new homes, which surged 23.6 percent in June.

Sea piracy and Afghanistan will be the main focus of talks in Moscow between visiting NATO delegates and Russian officials, Russia's Defense Ministry says.

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.