The U.S. government will lose about 14 billion dollars from its rescue of ailing carmakers, a White House advisor said Wednesday.

"Good riddance to May!" writes The Wall Street Journal, as U.S. stocks took a beating in the month. The Dow Jones industrial average slipped 1.9 percent in May, a month in which it has now lost ground in nine of the past 14 years.

Groupon, a local e-commerce marketplace that connects merchants and consumers by offering goods and services at a discount, today announced that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission for a proposed initial public offering of its Class A common stock.

Greece is expected to conclude talks with the European Union and the International Monetary Fund (IMF) on a medium-term fiscal plan to clear the release of billions of euros in vital loans by Friday.

Microsoft has offered the public a first peek at its next generation Windows operating system.

The race to unseat President Barack Obama in the 2012 election is heating up as more serious challengers formally enter the contest, and the apparent Republican frontrunner Mitt Romney is set to begin his campaign Thursday.

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.

But how much and whom depends on who's talking and what yardstick is used.

More youthful population posed to have greater influence in all segments of American society.

Diversity efforts at one of the world's largest automakers makes good business sense.

The best posture to assume is one of "guarded optimism."

Hispanic nonprofits make progress in struggling enconomy, but troubling signs still loom.