Reuters - Anyone investing in funds linked to Mexico's IPC stock index in 2011 would have lost nearly double their money had it not been for the gains of a little-known company whose shares rarely change hands. Grupo Elektra's stock almost tripled.
Bloomberg - Kansas City Southern railcars are rumbling over the Rio Grande as record trade between Mexico and the U.S. buffers the railroad from a slowing global economy. The 125-year-old company seeks to take business away from trucks traversing the border.
Dow Jones - Petroleos Mexicanos, or Pemex, said the monopoly's board of directors gave unanimous support to Chief Executive Juan Jose Suarez Coppel to seek closer collaboration with Spanish oil company Repsol, in which Pemex has a 9.5 percent stake.
Reuters - A fight between rival gangs inside a prison in in Altamira, Tamaulipas, left 31 inmates dead in the latest violence to erupt inside the country's overcrowded jails.
Dow Jones - Nissan Motor Co. plans to build its third vehicle factory in Mexico to address a capacity shortfall in North and South America as it gears up to overtake Honda Motor Co. in the U.S. and strengthen its leadership position in Mexico.
By Damien Cave
New York Times
When old-timers in Santa Maria Atzompa look around their town, all they see are new arrivals: young Mexican men working construction and driving down wages; the children of laborers flooding crowded schools; even new businesses – stores, restaurants and strip clubs – springing up on roads that used to be dark and quiet.
Throughout Mexico and much of Latin America, the old migratory patterns are changing. The mobile and restless are now casting themselves across a wider range of cities and countries in the region, pitting old residents against new, increasing pressure to create jobs and prompting nations to rewrite their immigration laws, sometimes to encourage the trend.
The United States is simply not the magnet it once was.
Washington Post - About 12,000 people were slain last year in Mexico’s surging drug violence, according to grim tallies reported by the country’s leading media outlets. Annual indexes of torture, beheadings and the killing of women all showed increases.