Bloomberg - Grupo Hevi, the closely held owner of Mexico’s Telecable TV service, has hired Barclays to explore a sale. A sale would put one of the biggest remaining independent cable companies in Mexico up for grabs. The firm could fetch more than $500 million.
Reuters - Two Mexican firms embroiled in a contractual dispute with Yahoo will appeal a court ruling that overturned an earlier $2.75 billion judgment in their favor, a director of the companies said on Friday.
Reuters - Struggling with slowing home sales and a lack of liquidity, Mexico's top three homebuilders - Homex, Geo and Urbi - might have to seek bankruptcy protection if they fail to reach an agreement with creditors in the short term.
Bloomberg - Petroleos Mexicanos, the world’s fourth-largest oil producer, made its third ultra-deepwater discovery on the Mexican side of the Perdido basin in the Gulf of Mexico. Volumes still are being assessed and no estimate was given.
NACS - Fomento Economico Mexicano (FEMSA), which owns OXXO, a chain of more than 10,500 convenience stores across Mexico, now wants to expand the pharmacy chains it recently purchased: the Farmacias Yza and Farmacias YM Moderna.
Plastics News - Engel Holding says its sales in Mexico of injection molding machines, robots and spare parts soared in fiscal 2012, boosted by purchases from a hitherto ignored source: Japanese Tier 1 auto parts suppliers.
Reuters - The Mexican unit of insurer Marsh & McClennan Companies said it is launching a policy that will cover terrorism, organized crime and sabotage, the first such policy available in a country wracked by drug-related violence.
Reuters - Deutsche Bank has filed suit against Mexican homebuilder Urbi seeking $61 million plus interest and expenses after Urbi failed to make loan payments, according to court documents.
Sentido Comun - Grupo Herdez, one of the largest producers of processed foods in Mexico, announced that it has acquired a 99.8 percent stake in the Nutrisa Group, a marketer of frozen yogurt and natural foods and other products.
Financial Times - Mexico’s centrist government announced it would send a financial reform bill to Congress that seeks to boost economic growth by making it easier and cheaper for companies to access credit.