Mexican firm to acquire US wireless operator

Mexican telecommunications giant America Movil says it has agreed to buy US mobile operator Start Wireless Group for an undisclosed amount. In a filing with the Mexican Stock Exchange, the Mexico City-based company announced its US unit Tracfone Wireless had reached a deal to acquire the assets of Start Wireless Group, an Ohio-based mobile virtual network operator. The transaction is expected ...

Mexicos tourism sector goes up

Economic activity associated with tourism grew 4 percent in 2012 compared with the year before, Mexico's INEGI statistics service said. Spending by foreign and domestic tourists increased by 4.7 percent last year. In the fourth quarter of 2012, tourism activity topped the same period in 2011 by 4 percent, INEGI said Monday. By segments, spending by domestic tourists rose 4.8 percent, while ...

Chinas President to Visit Mexico

Mexico, May 22 (Prensa Latina) President of the Popular Republic of China, Xi Jinping, will visit Mexico from June 4 to 6, informed the Foreign Affairs Secretary. According to the statement, the Chinese head of state will have a private meeting with Mexican president, Enrique Peña Nieto, and another with the official commissions of both countries. The agenda includes his participation in ...

Ford adds production in North America to meet new car demand

F.N ) is adding a week of production at 20 North American factories this year to build an additional 40,000 vehicles and help sustain its gains in U.S. market ...

Mexican soldiers move in to protect towns under siege by Knights Templar drug cartel

Residents greet Mexican army soldiers as they enter the town of La Ruana, Michoacan, Mexico, Monday, May 20, 2013. Residents of western Mexico towns who endured months besieged by a drug cartel are cheering the arrival of hundreds of Mexican army troops. A growing number of people in the state of Michoacan have taken up arms to defend their villages against drug gangs, a vigilante movement born ...