More than 3,000 LyFC workers enrolled in courses

El Financiero -  The Ministry of Labor and Social Welfare (STPS) reported that 3,237 former Luz y Fuerza del Centro employees are being trained in courses under a program to provide assistance in making the transition to other jobs.

Homex expects 12-14% growth next year

Dow Jones - Mexican home builder Desarrolladora Homex said Monday it sees 2010 revenue rising 12 percent to 14 percent from this year amid continued government financing for low-income housing.

Arca opens expanded Coke bottling plant

Dow Jones - The second-largest Coca-Cola bottler in Mexico and Latin America, Embotelladoras Arca, said Monday it has put into operation the $27.5 million expansion of its Culiacan plant. The expansion will increase the plant's annual production capacity by 30 percent and add 180 new jobs.

Industrial production falls less than expected

Dow Jones - Mexico's industrial production fell less than expected in October from the year-ago month, as manufacturing of such goods as automobiles and electronics posted the smallest decline in a year. October industrial production fell 5.2 percent from the year-ago month, less than the 5.8 percent drop forecast.

America Movil plans $850 million investments in 2010

Dow Jones - America Movil, Latin America's biggest mobile operator, could invest around $850 million in its domestic operations during 2010, according to Chief Executive Daniel Hajj. He said the company still is evaluating the impact that higher taxes will have on TelCel next year.

Private lenders predict 108,600 home loans

Dow Jones - Mexico's private sector lenders could make up to 180,600 home loans for 93.2 billion pesos ($7.31 billion) next year as the mortgage industry recovers from a sharp downturn in 2009, according to a top industry executive.

Growing violence predicted over Canadian mines

Canadian Press - The death of a Mexican activist who strongly opposed the presence of a Canadian company in his hometown is predicted to spur violent protests this week, with supporters suggesting a weekend clash at another Canadian-owned mine is a sign of things to come.

While most companies struggled, some gained big profits

La Jornada - A select group of 17 major Mexican companies ended the third quarter with an increase in earnings of almost 49 billion pesos ($3.82 billion). Santander Financial Group analysts found that while the vast majority of Mexican companies struggled to stay afloat, others managed to achieve big increases in their profits.

2009 marked by restructuring and debt bond issues

CNNExpansió - The year 2009 was marked by restructuring and debt bond issues by companies listed on the Bolsa Mexicana de Valores (BMV), including Cemex, Homex, Televisa, Sigma Alimentos and even Infonavit.

Pemex will reorganize not restructure, says Suarez

El Economista - Petroleos Mexicanos (Pemex) will undergo an administrative reorganization rather than a major restructuring that would eliminate subsidiaries, said Juan Jose Suarez Coppel, the new chief executive of the state oil company.

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