Reuters - Two Mexican firms embroiled in a contractual dispute with Yahoo will appeal a court ruling that overturned an earlier $2.75 billion judgment in their favor, a director of the companies said on Friday.
Bloomberg - Mexico’s economy grew less than analysts expected in the first quarter, fueling bets policy makers will cut interest rates again this year. Gross domestic product in the first three months of the year rose 0.8 percent from the year-ago period.
The Guardian - The author of a pioneering blog about Mexico's drug war has fled the country and her blog partner has gone missing. The young woman, using her pseudonym Lucy, said her colleague phoned her last week to say a single word – "run" – and then vanished.
LAT - Responding to mounting concern about disorder in the Mexican state of Michoacan, officials announced Thursday that an army general, Alberto Reyes Vaca, would take over as its public security chief, overseeing both state and federal security forces.
Automotive News - Ford Motor Co., moving to ease production constraints in North America, plans to shift output of the Fiesta subcompact from Mexico to Thailand in 2016. Ford assembles the Fiesta at 10 sites worldwide.
NYT - Last week brought a reminder of how the beast of a megalopolis of Mexico City can seem tamed at one turn and snarling the next. Across a busy avenue from Plaza Garibaldi, Malcolm Shabazz, the grandson of Malcolm X, was found beaten to death.
The Yucatan Times - Hotel investment in Mexico has fallen 19 percent due to the financial crisis. Excluding the Riviera Maya, the rest of the tourist destinations have been unable to recover. The decline began in 2009, especially in the Pacific region.
Reuters - Struggling with slowing home sales and a lack of liquidity, Mexico's top three homebuilders - Homex, Geo and Urbi - might have to seek bankruptcy protection if they fail to reach an agreement with creditors in the short term.
Bloomberg - Petroleos Mexicanos, the world’s fourth-largest oil producer, made its third ultra-deepwater discovery on the Mexican side of the Perdido basin in the Gulf of Mexico. Volumes still are being assessed and no estimate was given.
Automotive News Europe - There are lots of reasons Audi chose to build its Q5 crossover in Mexico: cheap labor, a government willing to offer incentivesand favorable trade agreements with several nations. But European tariff duties also had an influence.