Companies

Companies

Medina Mora promoted to No. 2 at Citibank

El Economista - Citi announced that Manuel Medina Mora will be the new president of global consumer banking of the financial institution. With the appointment, the Mexican director who was responsible for the operations of Banamex and banking in Latin America becomes the first Latin American to achieve that position.

eleconomista.com.mx/sistema-financiero/2010/01/11/medina-mora-asume-presidencia-unidad-citigroup

Michigan steals jobs from Mexico

mLive.com - Michigan is stealing jobs from Mexico, bucking a decades-old trend as Ford moves battery production in-house in preparation for 2011 production of the Focus Electric at the Michigan Assembly plant in Wayne.

www.mlive.com/naias/index.ssf/2010/01/michigan_steals_jobs_from_mexi.html

Coffee growers fear damage from cold

Reuters - Unusually cold weather is worrying coffee farmers in Mexico and Central America at the peak of harvest season as ice on trees or heavy winds has damaged coffee for export, regional producers said on Monday. Damage in the areas could be 80 percent.

www.reuters.com/article/idUSN1117097220100111

Alfa expects best Ebidta "in our history"

Dow Jones - Mexican conglomerate Alfa said Monday it expects to report fourth-quarter earnings before interest, taxes, depreciation and amortization at $290 million, "the best we've had in our history," said company director Mario Paez.

online.wsj.com/article/BT-CO-20100111-709493.html

Televisa, Vivendi might join for Mexican airwaves

Bloomberg - Grupo Televisa and Vivendi are discussing a joint bid for mobile-phone airwaves that the Mexican government plans to auction this year, Excelsior reported. The newspaper said Televisa and Vivendi would each own half of a company that would invest about $3 billion to create a national wireless network in Mexico.
www.bloomberg.com/apps/news

Mexico ranks No. 2 in plastic surgery and fraud

El Financiero - Mexico ranks second worldwide in the practice of cosmetic surgery and the second in the incidence of such surgeries performed by untrained people. Liposuction, nose correction and breast augmentation are the most popular procedures.

www.elfinanciero.com.mx/ElFinanciero/Portal/

Slim's telecom empire is losing its luster

Reuters - Mexican icon Carlos Slim might be one of the world's two richest men, but his telecommunications empire is losing some of its shine. Technology, regulation and growing competitors are chipping away at Telmex, the cornerstone of Slim's telecommunications holdings, and once-frantic sales growth at his America Movil wireless operator is tapering off.

www.reuters.com/article/idUSN1013157220100111

Government boosts water-saving bathroom fixtures

CNNExpansion - A plan to save water in Mexico City could revive the market for bathroom fixtures under a government alliance with companies to install water saving equipment in offices and help their employees do the same in their homes.

www.cnnexpansion.com/negocios/2010/01/08/no-la-cierres-cambiala-para-portal

Shifts occur on list of Mexico's richest

Sentido Comun - The good performance of supermarket chain Controladora Comercial Mexicana and household and appliance retailer Grupo Famsa marks the return of the Gonzalez family and the Garza Gonzalez family the list of the wealthiest business people in Mexico. The three families that control Genomma Lab Internacional joined the list for the first time.

www.sentidocomun.com.mx/articulo.phtml

93 firms buy rules for telephony, broadband auction

La Jornada - Ninety-three companies bought the rules for Mexico's auction of the bands of 1.9 and 1.7 gigahertz (GHz) for mobile telephony and broadband by Friday night's deadline -- 49 companies for the 1.7 Ghz band and 44 for the 1.9 GHz band. Among the companies were TV Azteca, Telcel, Nextel, Iusacell, GTM, Multivision, Avantel, Axtel, Pegasus, Cablevision, Mega Cable, Alcatel, Marcatel, Maxcom, Grupo Elektra, Unefon Operator and Motorola.

www.jornada.unam.mx/2010/01/09/index.php

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