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immigration
Lawyers for the state of Arizona lodged an appeal Thursday against an injunction blocking much of the state's controversial new immigration law as about 50 demonstrators were arrested.

General Motors reported July sales of 199,692 vehicles, a 5.4 percent increase from a year earlier. Excluding four brands that have been discontinued or sold, July sales rose 25 percent.

BP said it could begin Tuesday the "static kill," one of two efforts planned to plug the well that poured an estimated 206 million gallons of crude into the gulf when an explosion on the Deepwater Horizon rig ruptured the well, killing 11 workers.

The U.S. Commerce Department said consumer spending and incomes were virtually flat in June, a sharp indication that the economic recovery was stalled during that month.

The Institute for Supply Management, a watchdog charged with monitoring manufacturing output, has released its index for July. The 55.5 number indicates positive growth, but is down slightly from 56.2 in July.

President Barack Obama Friday said helping the auto industry was the right thing to do and that belief has been "vindicated." Obama traveled to Detroit and sat in a new Jeep Cherokee before addressing Chrysler workers Chrysler Jefferson North Assembly Plant.

In an unusual move, the president of the Federal Reserve Bank of St. Louis released a paper Thursday warning that the Fed's policy of keeping interest rates near zero during the economic crisis may lead to Japanese-like deflation in coming years.

HispanTelligence Research
HB500
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 2009 directory provides the top 500 Hispanic-owned companies list in Excel format including: CEO names; company addresses and telephone numbers; e-mail addresses for 310 companies and Web addresses for 456 companies; and company revenue and employees numbers for 2008 and 2007.

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.

From the current issue of Hispanic Business magazine...
HB500
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.





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