October 2011
Navy captures alleged Zeta chief, five others
AP - The Mexican navy said Wednesday it had arrested the alleged local chief of the Zetas drug cartel in the Gulf coast port of Veracruz, and said he is tied to the dumping of eight bodies in a rural town a week ago.
Coca-Cola Femsa 3rd Q net rises 7 percent
Dow Jones- Soft drink bottler Coca-Cola Femsa said Thursday its controlling interest net income rose 7.1 percent in the third quarter to 2.28 billion pesos ($170 million) on double-digit revenue growth in each geographic division.
GOP seeks waiver of border environmental laws
AP - A growing number of U.S. lawmakers are saying laws that keep agents from patroling wide swaths of land along the border have turned wilderness areas into highways for criminals and are seeking wider access to the areas.
www.foxnews.com/politics/2011/10/27/gop-seeks-waiver-environmental-laws-at-border/
Geo 3rd Q profit slips although sales increase
Dow Jones - Mexican home construction company Corporacion Geo said Wednesday its third-quarter net profit slipped from a year ago as the result of increased minority participation in its results, while sales and operating profits were higher.
Presidential contender Creel vows shift in drug war
Reuters - Santiago Creel, a leading presidential candidate of Mexico's ruling party, said on Wednesday he would break with government policy and withdraw the army from the fight against drug gangs if he wins the election in 2012.
www.reuters.com/article/2011/10/27/us-mexico-election-creel-idUSTRE79P8DS20111027
Goldcorp profit lifted by higher gold prices
Reuters - Goldcorp, one of the world's top gold miners, said output in the quarter rose slightly as production gains at its Penasquito mine in Mexico and its Marlin mine in Guatemala offset the impact of production declines at other operations.
www.reuters.com/article/2011/10/27/goldcorp-idUSN1E79P23Q20111027
Arca Continental reveals warchest for purchases
Dow Jones - Mexican soft drink bottler Arca Continental said Wednesday it has a war chest of more than 3.0 billion pesos ($223 million) it could deploy, plus ample access to credit, should another acquisition opportunity present itself in the near-term.
www.foxbusiness.com/industries/2011/10/26/mexicos-arca-continental-ready-for-more-coke-bottler-ma/
Rising beef prices, peso slump predict inflation
Bloomberg - Rising beef prices and a slumping peso are prompting bond investors to boost their inflation forecasts for Mexico by the most in four months.
1956 film of now extinct woodpecker is released
AP - A snippet of film shot by an amateur ornithologist in 1956 is providing researchers and bird enthusiasts with a rare opportunity to observe the behavior of the imperial woodpecker, a giant resident of Mexico’s Sierra Madre now presumed extinct.
GOP lawmakers seek to expand Fast and Furious probe
CNN - Congressional Republicans sought Wednesday to expand their investigation of the controversial ATF-approved illegal sale of firearms in Arizona to Mexico to include an apparently similar operation in Texas.
