Companies
Meeting with Med Atlántica on Mexicana canceled
Milenio - The Ministry of Communications and Transportation (SCT) reported that the meeting was canceled between members of Med Atlantic and Judge Philip Consuelo Soto, which was intended to discuss the issue of the capitalization of Mexicana Airlines.
Stocks rise marginally higher on Fed comments
Dow Jones - Mexican stocks were marginally higher Thursday as U.S. unemployment claims fell but comments from the head of the U.S. Federal Reserve were cautious. The IPC index rose 2 points to 37,711 points on strong volume.
Inbursa 2011 profits suffer from market volatility
Dow Jones - Mexican financial-services company Grupo Financiero Inbursa said Thursday that its net profit shrank in 2011 to 6.03 billion pesos ($471 million) from 8.01 billion pesos in 2010 due to volatile markets and investment losses.
Asur bids with Advent for airport contract in Brazil
Dow Jones - Mexican airport operator Grupo Aeroportuario del Sureste, Asur, said it has made a joint bid with private equity firm Advent International for concessions to run three Brazilian airports.
BBVA Bancomer 2011 deposits grew 10%
Fox - The Mexican unit of Spain's Banco Bilbao Vizcaya Argentaria (BBVA) said its deposits grew 10 percent on the year to 381.4 billion pesos ($29.3 billion), while its credit portfolio expanded 9 percent.
www.foxbusiness.com/news/2012/02/02/mexicos-bbva-bancomer-2011-deposits-grew-10-loans-by/
Cemex says it will meet its financial obligations
Dow Jones - Highly leveraged Mexican cement and building materials company Cemex said today, Thursday, it is confident it will be able to meet its financial obligations this year with the aid of asset sales and free cash flow from improving operations.
OECD says Slim's criticism of report misses mark
Bloomberg - Billionaire Carlos Slim was out of context and off the mark in his criticism of a study finding a lack of competition in Mexico’s phone industry, the Organization for Economic Cooperation and Development said.
Pemex posts $25 billion trade surplus in 2011
Latin American Herald Tribune - Petroleos Mexicanos, or Pemex, said it posted a trade surplus of $24.99 billion in 2011, up 28 percent from the prior year. Exports totaled $55.79 billion, while imports came in at slightly more than $30.8 billion.
Chrysler de Mexico reports strong start to 2012
3D-Car-Shows - Chrysler de Mexico reported January 2012 sales of 7,516 units, a 4 percent increase compared with sales in January 2011. The Jeep Compass posted a gain of 201 percent year-over-year.
3d-car-shows.com/2012/chrysler-de-mexico-reports-strong-start-of-sales-for-january-2012chrysler-de-mexico-posts-a-monthly-sales-increase-of-4-percent/
Siemens opens manufacturing plant in Zapopan
Sentido Comun - Siemens has opened a new manufacturing plant in Zapopan, Jalisco, to manufacture starters for electric motors and control components for industrial electrial processes. The company expects to generate about 150 jobs.
