Gruma, Ashur, Famsa gain place on CPI

CNNExpansion - Airport operator Asur, tortilla producer Gruma and retailer Grupo Famsa will be included in the CPI, the benchmark index of the Mexican market, the Bolsa Mexicana de Valores said Wednesday. They will replace the airport operator OMA and steel firms ICH and Simec.

Starbucks forced to remove Aztec mugs

BusinessWeek - The Mexican government says it has notified Starbucks Corp. that Mexico is owed intellectual property rights for a line of coffee mugs showing pre-Hispanic images. Starbucks says it is working with Mexico to resolve the issue as quickly as possible.

GAP gets approval for airport upgrades

Dow Jones - Mexican airport operator Grupo Aeroportuario del Pacifico said Wednesday that government regulators have approved a 2.77-billion-peso ($217.6 million) capital-expenditure budget for the next five years. GAP said it will invest 819.6 million ($64.1 million) in its busiest airport in Guadalajara.

John Deere opens Ramos Arizpe factory

Maquila Portal - With a $100 investment, John Deere started production at its new plant in Ramos Arizpe, which will manufacture lawn mowers and agricultural equipment with a workforce of 300 people transferred from the firm's Saltillo plant.

Carlos Slim gains $15.3 billion in 2009

Sentido Comun - Carlos Slim, reflecting the good performance of the Bolsa Mexicana de Valores in 2009, ended the year with a wealth worth about $59 billion, or $15.3 billion more than in 2008, which makes him a clear contender for the title of the "wealthiest businessman in the world."

Banorte Generali gains Argos assets

Sentido Comun - Afore Banorte Generali, a subsidiary of Grupo Financiero Banorte, the fifth largest bank in Mexico, said it was authorized to acquire assets of Afore Argos, which include a portfolio of more than 22,000 customers.

Autoliv to close one of its Mexico plants

Sentido Comun - Autoliv, the largest manufacturer of seat belts and air bags in the world, said it would close a plant in Mexico, along with others in France, Germany and Tunisia due to lower demand for seat belts and air bags.

Vitro receives prepayment request - Vitro reported that it received on Monday, with his trustee Bank of New York, a notice of acceleration of payment by a group of bondholders due 2012 and 2017, a process that is not expected to affect operations.

Pemex board divided over broadening responsibilities

El Financiero - The Board of Directors of Petroleos Mexicanos is divided over whether to create a corporate technology and information directorate with responsiblity over expenditures in the subsidiaries of Pemex Gas, Pemex Exploración y Producción, Pemex Petroquímica y Pemex Refinación. Pemex Gas, Pemex Exploration and Production, Pemex Refining, Pemex Petrochemicals.

CFE starts year with a 4 percent rate increase

El Semanario - The Federal Electricity Commission (CFE) reported that as of Jan. 2010 it has implemented a 4 percent increase in electricity rates. The rates are available at "Conoce tu tarifa" on the webstie:

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