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  • 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 ...

  • Philip Morris to buy out Carlos Slims stake in Mexican JV

    from their Mexican joint venture for about $700 million (462 million pounds).Grupo Carso will sell its 20 percent stake in Philip Morris Mexico in a deal that the U.S. company said would add marginally to its earnings per share in the fourth quarter.Philip Morris said the agreement was subject to final price adjustments based on the Mexican unit's performance over a period of time."We ...

  • Philip Morris to Buy Rest of Mexican Unit

    Carlos Slim 's Grupo Carso SAB for about $700 million. The deal, which the companies expect to complete by Sept. 30, will add to earnings per share in the fourth quarter, New York-based Philip Morris said today in a statement. The final purchase price will be determined by a pre-agreed formula that is subject to adjustment by the target's performance. Chief Executive Officer ...

  • Mexicos Femsa shares sink after Credit Suisse cuts view

    MEXICO CITY | Tue May 21, 2013 9:53am EDT MEXICO CITY May 21 (Reuters) - Shares in Mexican bottling and retail company Femsa fell more than 4 percent to 134.34 pesos on Tuesday after Swiss bank Credit Suisse cut its view to underperform. The bank on Monday night raised its price target for Femsa, which jointly owns Latin America's largest Coke bottler Coca-Cola Femsa with The ...

  • Kimco sells Mexican shopping center properties

    Kimco held a 47.6 percent interest in the portfolio, which included 2.6 million square feet and was 91 percent occupied. Its share of the proceeds was about $93 million, and it said it realized a gain on sale of about $26 million. With the sale of the nine properties, Kimco said its remaining Mexican shopping center portfolio covers 47 properties totaling 9.4 million square feet. Shares of ...

Movie Review

Iron Man 2

Iron Man 2

In recent years, the best of the superhero franchises have blazed a rather remarkable track record in which the second film in the series is the best. Starting with Bryan Singers X-Men films, whose X2 (2003) was a much stronger and more cohesive work that his initial X-Men< ... ...

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  • Mexican Economy Continued To Weaken In Q1 2013

    The weakness we began to see at the end of 2012 carried over into 2013, and deepened, with domestic demand joining the weakness in global economic growth. The economy posted a growth rate of only 0.8 percent in ...

  • Cathie Anderson Fungus killing coffee plantations in Mexico Central America

    Coffee lovers probably won't hear much about la roya in the United States, but this fungal disease is decimating thousands of coffee farms across Mexico and Central America.Pete Rogers isn't the average American coffee lover. He travels to Guatemala, Nicaragua, Costa Rica, Panama and other exotic locales to find and purchase green coffee beans for his family's company, Rogers ...

  • Big jump in HIV among Navajo in New Mexico

    A Navajo reservation near Gallup, N.M., had a 20 percent increase in HIV diagnoses in 2012 from 2011, a doctor says. Dr. Jonathan Iralu, an infectious disease specialist who runs an HIV clinic in Gallup, said he compiled the report for the federal Indian Health Service because he used to treat a small number of Navajo men with human immunodeficiency virus each year. However, the 47 new cases ...

  • Mexico prohibits multiple soccer teams ownership

    MEXICO CITY — The owners of the 18 Mexican first-division soccer clubs voted Monday to bar one person or one company from owning more than one team. The vote was an apparent move to stop tycoon Carlos Slim from expanding his growing influence in Mexican soccer. Mexico's largest broadcasters, Televisa and TV Azteca, have in the past owned multiple first-division teams but the issue ...

  • Cheers greet Mexican soldiers relieving western town cut off from supplies by drug cartel

    Mexican army soldiers 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. Hundreds of people in the state of Michoacan have taken up arms to defend their villages against drug gangs, a vigilante movement born of frustration at extortion, ...

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