Bloomberg - Mexico’s benchmark IPC stock index fell to the lowest in three months as the country’s biggest mining company followed copper prices lower. The index sank 1.3 percent to 42,060.61, the lowest level since Nov. 30.
4Traders - Solar America Corp.has executed a Memorandum of Understanding with Habitables Innca, the principal contractor for the San Nicolas housing project in Guadalajara. Solar America will be the exclusive provider of solar power and solar lighting solutions for the project.
Bloomberg - Office Depot Inc., the second-largest office-supply chain, is extending talks to sell its Mexico unit to Grupo Gigante beyond the March 15 deadline. Talks were prolonged in part because Office Depot is already involved in the purchase of OfficeMax Inc.
Reuters - Cemex launched a 6-year $600 million bond on Thursday. Monterrey-based Cemex got saddled with a large debt burden during the financial crisis, and IFR, a Thomson Reuters news service, said the company's bond pays a coupon of 5.875 percent.
Sentido Comun - Fibra Hotel, the first investment trust specializing in real estate business in Mexican urban hotels, announced it will buy Grupo Posadas Hotels Fiesta Inn Tlalnepantla in Mexico City and Fiesta Inn Toluca.
Sentido Comun - Soriana, Mexico's second largest supermarket chain, said it opened two stores in the cities of Puerto Progreso in Yucatan and Ocosingo in Chiapas. As part of its expansion plan for this year, it plans to open 60 new establishments.
St. Louis Business Journal - Nordyne, a designer and manufacturer of heating and cooling products, plans to gradually relocate its Missouri production lines to Mexico, affecting 700 employees.
TV Technology - Riedel Communications has opened a dedicated sales outlet in Mexico City to address growing demand for real-time video, audio, data and communications network solutions in Mexico, Central America, and the Caribbean.
Plastics News - Arburg GmbH & Co. has completed the installation of several hundred injection molding machines at the Mexico plant in Ciénega de Flores near Monterrey of toy-brick maker Lego.
Sentido Comun - Industrias CH, a Mexican company dedicated to the production of steel plants in Mexico, USA and Canada, said it signed a contract with TransCanada Pipelines to provide 117.5 miles of pipe 30 "in diameter in the next 14 months.