Reuters - Mexican conglomerate Alfa said its third-quarter profit fell 21 percent, citing capital investments and a currency gain in the year-earlier period. The company said third-quarter profit fell to 2.215 billion pesos ($168 million).
Forbes - The decision by América Móvil to withdraw its $9.7 billion offer for Dutch cell phone company KPN “is not a setback”, said Carlos Slim spokesperson Arturo Elías Ayub. “We are always open to consider possibilities in Europe and elsewhere.”
Denver Business Journal - DCT Industrial Trust Inc. saidit has completed the sale of all off all its assets in Mexico for $82.7 million. The Denver-based industrial real estate company said the buyer is the investment trust Macquarie Mexican REIT.
dpa - Mexican billionaire Carlos Slim has withdrawn his bid to take over the Dutch telecom giant Royal KPN, his Mexico City-based company America Movil said Wednesday. America Movil said the decision was made because a deal was no longer viable.
Sentido Comun - Chinese mining companies are more interested in buying operating Mexican mines than obtaining exploration permits, Humberto Gutiérrez Olvera, president of Mexico's Mining Chamber, said. There are 261 foreign firms operating 866 projects in Mexico.
CNNExapansion - "There's room for both," says Richard Branson, the British entrepreneur who has founded 400 companies around the world and who now seeks to become Carlos Slim's competition in the cell phone market in Mexico.
Dallas Morning News - Dallas-based MoneyGram said it expanded its money-transfer services in Mexico. Under a deal with Farmacias Guadalajara, customers can send and receive money at more than 1,000 of the drugstore chain’s locations.
Reuters - Mexico's new telecoms reform should be able to reduce tycoon Carlos Slim's share of the local mobile phone market to less than 50 percent in the next five years, an influential opposition lawmaker said on Wednesday.
Straits Times - Keppel AmFels, a U.S.-based unit of Keppel Offshore & Marine, has won a contract in Mexico to build a jackup rig worth $240 million. The rig, ordered by Mexican firm Perforadora Central, is scheduled to be delivered in the fourth quarter of 2015.
Bloomberg - Chrysler Group, the U.S. automaker controlled by Fiat, will add about 500 workers at a Mexican engine plant, two people with direct knowledge of the matter said. Chrysler has five plants in the area.