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Companies

Motorola, Ferrari launch Moto G in Mexico

HNGN - Motorola announced a partnership with Ferrari to offer a newly designed Moto G smartphone for sports car enthusiasts. The special version of the phone will initially hit the stores only in Mexico. 

http://www.hngn.com/articles/31651/20140519/motorola-partners-ferrari-launch-moto-g-edition-mexico.htm

Citigroup says it fired 12 over fraud in Mexico

NYT - Citigroup disclosed on Wednesday that it had fired a total of 12 employees in Mexico, including some senior executives, in connection with a $400 million fraud involving a Mexican oil services company.

http://dealbook.nytimes.com/2014/05/14/citigroup-says-it-has-fired-12-in-mexico-over-fraud/?hpw&rref=business

U.S. and Mexican recoveries can bolster Wal-Mart

Forbes -Retail giant Wal-Mart struggled through most of fiscal 2014. However, the U.S. and Mexican economies have shown signs of recovery with promising growth in retail sales.

http://www.forbes.com/sites/greatspeculations/2014/05/13/economic-recovery-in-the-u-s-and-mexico-can-bolster-wal-marts-first-quarter-results/

Judge says shareholders should sue Wal-Mart

Reuters - Wal-Mart Stores Inc should face a U.S. lawsuit accusing it of defrauding shareholders by concealing suspected corruption at its Mexico operations, a federal judge in Arkansas said.

http://ca.reuters.com/article/businessNews/idCABREA480F620140509

BRP is building third manufacturing plant in Mexico

CBC - BRP Inc., the former recreational products division of Bombardier Inc. that makes Ski-Doos and off-road vehicles, says it will invest $55 million to build a third manufacturing plant in Ciudad Juarez, Mexico.

http://www.cbc.ca/news/canada/montreal/brp-spending-55m-to-build-3rd-manufacturing-plant-in-mexico-1.2634183

Alliance Boots is buying Mexican pharmacies

MailOnline - Alliance Boots, fronted by billionaire entrepreneur Stefano Pessina, has announced it is buying pharmacy chains in Mexico and Chile after long eyeing expansion in emerging markets.

http://www.thisismoney.co.uk/money/markets/article-2622115/Boots-buys-chemists-Mexico-Chile.html

Alsea cleared to buy WalMex's Vips's restaurants

Reuters - Mexican restaurant operator Alsea said on Monday it received regulatory approval to purchase retailer Walmex's Vips restaurant chain, with the deal set to be finalized in the coming days.

http://www.reuters.com/article/2014/05/05/mexico-alsea-idUSL2N0NR0M720140505

Goldcorp resumes operations at Los Filos mine

Reuters - Goldcorp Inc has resumed operations at its Los Filos mine in Mexico after reaching a new five-year occupancy agreement with local landowners, the company said on Monday.

http://www.reuters.com/article/2014/05/05/goldcorp-losfilos-idUSL2N0NR0JD20140505

Pemex prepares to sell stake in Spain's Repsol

Reuters - Mexican state-run oil company Pemex is preparing to sell its 9.3 percent stake in Spain's Repsol, according to a media report on Monday, after the appointment of a new chief executive further soured relations between the two firms.

http://www.reuters.com/article/2014/05/05/repsol-pemex-idUSL6N0NR14N20140505

Penoles posts drop in first quarter profits

Reuters - Mexican mining company Industrias Penoles on Wednesday said its profit in the first quarter fell 42 percent from the same period last year as sales sank due to lower metals prices.

http://www.reuters.com/article/2014/04/30/mexico-penoles-idUSL2N0NM2Z520140430

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