June 2010
Wal-mart opens 23 new facilities in June
El Semanario - Wal-Mart of Mexico and Central America announced that during June it put in operation a total of 23 facilities, including nine in Mexico. The operations include Warehouse Aurrera, Walmart, Superama, Sam's Club and Vips restaurants.
Bolsa is simplifying rules to lure companies
Sentido Comun - The Mexican Stock Exchange is simplifying the rules to list shares in the capital market so that a greater number of firms, especially smaller ones, can be listed on the Bolsa. In 2008, only two companies managed to list their shares on the stock exchange.
BBVA Bancomer to invest $2 billion in Mexico
Sentido Comun - Grupo Financiero BBVA Bancomer, Mexico's largest bank, said it plans to invest $2 billion in the country over the next three years to improve operations and develop new business. The amount includes the $900 million it announced last July to build the Torre Bancomer Bancomer and the Operations Centre, both in Mexico City.
www.sentidocomun.com.mx/articulo.phtml
Virgin Airlines plans to start flights to Mexico
Sentido Comun - Virgin America, a low-fare U.S. airline partly owned by British billionaire Richard Branson, plans to fly to Mexico before the end of the year. The airline will fly from San Francisco to San Jose Los Cabos and from San Francisco and Los Angeles to Cancun.
Telcel to offer travelers special phone package
Sentido Comun - Telcel has launched a new package that will offer discounts to those who frequently travel abroad and need to maintain communication by voice, Internet or short messages with friends, family and business contacts. The company did not give further details.
Lozano says 130,745 jobs are still lacking
La Jornada - Labor Secretary Javier Lozano told industrialists on Tuesday that there still is a deficit of 130,745 jobs that will need to be created in order to reach the occupation levels before the economic crisis. A total of 701,316 jobs were lost.
www.jornada.unam.mx/2010/06/30/index.php
Hurricane Alex moves toward Texas-Mexico border
Milenio.com - Hurricane Alex is advancing this morning of Wednesday through the Gulf of Mexico towards the coastal region of the Mexico-Texas border, in a course that has moved away from the zone affected by the gigantic spill of crude oil from BP's damaged well.
6.4 earthquake rattles Mexico City
Prensa Latina - An earthquake of 6.4 degrees on the Richter scale shook the Mexican capital early today, but little in damages has been reported. With the epicenter off the coasts of Oaxaca, the earthquake took place at 2:22 a.m., local time, reported the National Seismological Service.
Mexico's political campaigns have been marred by unprecedented violence
Submitted by mexbiznews on Wed, 06/30/2010 - 4:36amFrom Reforma and Al Jazeerza
Political campaigns in 15 of Mexico's states officially ends today with a level of violence unseen in previous elections.
During past weeks, the country experienced the murder of a candidate for governor and the apprehension of another for ties to drug trafficking and shootouts at campaign rallies.
Politicians in Mexico have said they will press ahead with state elections due on Sunday, despite the assassination of Rodolpho Torre, a leading candidate for governor of Tamaulipas.
Hundreds of mourners turned out on Tuesday for the funeral of Torre, a candidate for the opposition Institutional Revolutionary Party. Mexican President Felipe Calderon said the ambush was carried out by drug cartels looking to sway the election and, in a televised address, he called for Mexicans to unite against what he said was a threat to the country's democracy.
Many observers are comparing the current security crisis to Colombia in the 1980s and 1990s, when the drug cartels threatened the state with bombings and political killings
"The message these cartels are sending to the Mexican government is that they have the power to decide when and how to control towns, territories and and ultimately to decide who they want to kill," said one.
Sergio "El Shaka" Vega: Music, Mexico and murder
Submitted by mexbiznews on Wed, 06/30/2010 - 4:07am
By Elijah Wald
Wall Street Journal
When warlords are fighting, being a court musician can become dangerous work.
In the wake of popular Mexican singer Sergio "El Shaka" Vega's shooting death on a highway in southern Sonora Saturday evening, there is speculation that his murder may be related to his music.
Much of modern ranchera comes out of the same areas that produce the most violent gangs and drug cartels. The mountains of Sinaloa, on Mexico’s west coast, have been the heartland of the drug business for almost a century.
Several have also been killed.
blogs.wsj.com/speakeasy/2010/06/29/sergio-el-shaka-vega-music-mexico-and-murder/
