PRNewswire - Strategic Hotels & Resorts a real estate investment trust (REIT), announced that the company closed on its disposition of the Four Seasons Mexico City hotel to an affiliate of Meridia Capital for a purchase price of $54 million.
El Economista - Axtel is seeking the dismissal of Hector Osuna Jaime as chairman of the Federal Telecommunications Commission (Cofetel), saying he has ignored for three years 25 complaints that its long-distance mobile interconnections were blocked.
El Economista - Vitro, one of the world's largest glass producers and distributors, reduced its losses by 54 percent in the third quarter, compared to the same period in 2008.
El Economista - Mexican cement giant Cemex indicated its willingness to negotiate directly with the government of Venezuela, outside of an international arbitration process, to resolve issues in the 2008 nationalization of its assets in that country.
Dow Jones - Mexican state oil monopoly Petroleos Mexicanos said Wednesday it made an after-tax loss of 3.7 billion pesos ($274 million) in the third quarter, smaller than the 14.4 billion peso loss a year ago on the lower cost of imported goods and smaller tax payments.
Reuters - Mexican retailer Comercial Mexicana, in the midst of a debt restructuring, said on Wednesday it had a third-quarter, net profit compared with a steep loss in the year ago period.
Dow Jones - Mexican brewer Grupo Modelo said Wednesday its net profit rose 33 percent in the third quarter on higher sales and operating gains. Modelo, which makes the Corona beer brand, said sales in the quarter rose 11 percent from the year-ago period.
Dow Jones - Mexican corn flour and tortilla maker Gruma said Wednesday it made a net profit of 45 million pesos ($3.3 million) in the third quarter, compared with a 1.77 billion loss a year ago brought about by derivatives losses.
Reuters - Mexican brewer and bottler FEMSA posted a 25 percent jump in third-quarter net earnings on Wednesday, driven by strong results from its soft drinks unit. July-September net majority profit came in at 2.521 billion pesos ($187 million), compared with 2.020 billion pesos last year.
El Economista - Japanese Ambassador to Mexico Masaaki Ono announced that two new auto parts plants will being operating in Mexico with Japanese investment. He did not name the companies but siad they will be located in Leon and Monterrey.