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Treasuries
The Federal Reserve, offering its most dour economic outlook in months, said Tuesday it will take a modest step to keep borrowing costs low by preventing its bloated balance sheet from shrinking.

Germany's economic surge powered the European Union to a faster-than-expected growth rate of 1 per cent in the second quarter of this year, the EU's statistical office said Friday.

China overtook Japan as the world's second-largest economy in the second quarter, capping three decades of spectacular growth.

The United States on Tuesday began the difficult process of reforming its housing market, the collapse of which helped cause the worst financial crisis in eight decades.

Only a fleeting fear six years ago, worry of an economy-wide slide in prices has returned, slipping into economists' discussions and shading investment decisions.

General Motors chief executive Ed Whitacre in a surprising announcement Thursday said he will step down on September 1, after little more than eight months in the job.

Inflation in Greece rose in July to 5.5 percent, the highest in 13 years, the Greek Statistical Authority said Friday.

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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