Top Stories
Money
Univision Communications Inc.'s board has agreed to sell the nation's largest Spanish-language broadcaster for $12.3 billion in cash to a consortium of investors, the parties involved in the sale announced early Tuesday.

Buffett Endows Gates Foundation
Warren Buffett, the chairman of Berkshire Hathaway and one of the world's wealthiest men, plans to donate the bulk of his $44 billion fortune to the Bill and Melinda Gates Foundation and four other philanthropies starting in July.

US Fed Likely to Hike Rates this Week
The US Federal Reserve is expected to lift interest rates again this week to 5.25 per cent in its 17th straight quarter percentage point hike and signal that further increases may be needed to keep inflation at bay.

Congress Still Has Time to Renew Voting Right Act
There aren't many issues on which Republicans and Democrats in the current Congress agree. But renewal of the 1965 Voting Rights Act, which expires in 2007, is one such issue.

HispanTelligence Research
Media
Advertisers' efforts to reach Hispanic consumers are becoming more targeted, and language is a major factor. Advertisers spent more than $3.3 billion to market products to U.S. Hispanics in 2005, a 6.8 percent increase from 2004.

The U.S. Hispanic Economy 2005
Purchase your copy of latest research from HispanTelligence: The U.S. Hispanic Economy in Transition: Facts, Figures, and Trends (2005 Edition) -- a comprehensive study of the emerging Hispanic market.

South Leads US in Fastest Hispanic Growth
The geographic dispersion of the U.S. Hispanic population continues. States with small Hispanic populations have shown the greatest growth in the last decade with seven of the 10 fastest-growing states in the South.

Events
Nominate an Outstanding Entrepreneur Now! Fill out and submit the following form to nominate an outstanding entrepreneur for the 2006 EOY Awards competition. Nominations close on June 30, 2006.

http://www.hbevents.com/eoy/nominate/
From the current issue of Hispanic Business magazine...
Create Your Hispanic Business Classified Ad Now!
HB500
In a year when the U.S. economy grew a healthy 3.5 percent, the revenues of the Hispanic Business 500 increased well over four times as fast.

HB500 Growth at 10-Year High
2006 Hispanic Business 500 Certainly the Hispanic Business 500 companies have adjusted to the challenging times, keeping up their optimism and growing revenues at the same time. Cumulative revenues for the 500 rose to $34.82 billion in 2005, and overall the 500 companies posted their best revenue growth performance since l996.

Dealers Play the E-card
2006 Hispanic Business 500 Auto dealerships find growth in Web-based services and marketing. All Star Auto Exchange in Tucson, Arizona (number 475 on the Hispanic Business 500) doesn't have the advertising budget of much larger dealers. But All Star does have a snazzy and easy-to-navigate Web site proclaiming, "Easy Application! Fast Approval! Drive Today!"






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