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USHCC
The US Hispanic Chamber of Commerce (USHCC) said Friday that it will name a new Chairman of the Board of Directors at its 31st Annual National Convention & Business Expo in Dallas, which is scheduled for September.

U.S. Commerce Deputy Secretary Dennis Hightower, the Minority Business Development Agency (MBDA), the International TradeAdministration (ITA), the Tutor Perini Corporation, and the University of Southern California's School of Policy, Planning and Development today announced the nation's first program created to globalize the U.S. minority-owned construction industry by providing education, mentoring and procurement opportunities to minority-owned firms.

According to AP, a family spokesman is confirming former U.S. Sen. Ted Stevens, R-Alaska, was killed Tuesday in a privat plane crash in Alaska.

U.S. mortgage giant Freddie Mac is seeking a further government infusion of $1.8 billion after again suffering quarterly losses, the company said Monday.


As of press time Friday, HP stock dropped nearly 10 percent in after-hours trading after the resignation of Chairman, CEO and President Mark Hurd. The resignation follows an investigation into alleged sexual harassment by Hurd.

Ford said today that it plans to bring 1,975 jobs in-house to its plants across the U.S. instead of at plants operated by suppliers that in some cases are in Mexico and Japan.

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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