Sales of existing homes in the U.S. plunged to their lowest level in 15 years as government tax incentives expired, signalling deep trouble for a housing market that launched the country into crisis in 2008.

Private-sector job creation has been weak in recent months, as few companies seem comfortable taking on the risk of new hires. But anemic job reports may also be attributable, at least in part, to hiring alternatives.

Elin Nordegren and Tiger Woods are officially divorced, according to a statement posted by their lawyers on the golfer's web site Monday.

A great Hispanic leader passed away Wednesday with his wife by his side. Dr. Mario G. Obledo, president of the National Coalition of Hispanic Organizations, died of a heart attack near his home in Sacramento.

Israeli Prime Minister Benjamin Netanyahu and Palestinian President Mahmoud Abbas have agreed to relaunch direct negotiations on Sept. 2 aimed at restoring peaceful relations between the two long-feuding nations.

New claims for jobless benefits went the wrong way last week, dampening hopes of a job market turnaround and raising fears the recession will grind on and deepen.

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.