Top Stories for November 1, 2014

Tamaulipas governor confirms 3 U.S. siblings found dead

By Christopher Sherman

Associated Press 

Three U.S. citizens missing for more than two weeks have been found shot to death in Mexico near the border city of Matamoros, and authorities are questioning a local police unit about possible involvement, the attorney general in northern Tamaulipas state said Thursday.

The father of the three, Pedro Alvarado, identified his children from photographs of the bodies showing tattoos, 

Attorney General Ismael Quintanilla Acosta told Radio Formula. Clothing found with the bodies also matched that of Erica Alvarado Rivera, 26, and brothers, Alex, 22, and Jose Angel, 21, who had been visiting their father in Mexico and disappeared Oct. 13 along with Jose Guadalupe Castaneda Benitez, Erica Alvarado's 32-year-old boyfriend.

Each was shot in the head and the bodies were burned, Quintanilla said, most likely from lying in the...


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From Forbes Many longtime observers of the Mexican economy and a growing cadre of enthusiastic global investors had expected that by now Mexico would be on its way back to rapid growth. Unfortunately, this is a script that Mexico has seen...

Reuters - Mexico's public sector fiscal deficit rose to 412.08 billion pesos ($30.7 billion) during the first nine months of the year, more than double the deficit for the same period last year.

AP - Mexico’s Supreme Court rejected a bid to hold a national referendum on a major energy overhaul that opened the sector to widespread private investment for the first time in 76 years.

LA Business Journal - El Segundo toy maker Mattel Inc. announced plans to open three shop-in-shop American Girl boutiques through a partnership with El Palacio de Hierro.

EFE - Nearly seven out of every 10 children and adolescents in Mexican rural areas live under conditions of poverty, the UN Children's Fund, or Unicef, said Wednesday in a report.

TelesurTV - The Pope has become the latest world leader to draw attention to a group of students who went missing in Mexico's Guerrero state in September.

EFE - Mexico's foreign reserves dropped by $256 million last week to $190.73 billion, the Bank of Mexico said.

The Lawyer - DLA Piper is to merge with Mexico City-based firm Gallastegui y Lozano as three existing partners and their team leave for Baker & McKenzie.

ABC - Dorilocos are all the rage in Mexico. The snack is the chips topped with carrots, jicama, cucumber, pickled pork rinds, peanuts, jellied candies, lime juice, chili powder and hot sauce.

Reuters - Scotiabank said it would invest 3.6 billion pesos ($268.00 million) in Mexico over the next five years to improve operations and expand its distribution network.

Washington Blade - A global LGBT rights conference that formally opened on Tuesday in the Mexican capital has drawn hundreds of advocates from 50 countries.

Reuters - Mexico's Grupo Elektra said it had settled a legal dispute with the Mexican stock exchange, which it had blamed for causing its share price to slump in 2012.

Reuters - Mexico expects to export 1.5 million tons of sugar to the United States in the current season following a trade deal struck this week, a sharp drop from the previous season.

Dallas News - Ex-Mexican President Vicente Fox has joined government officials traveling the U.S. to promote the end of Mexico’s ban on foreigners controlling energy production.

EFE - Mexico’s trade deficit for the first nine months of 2014 was $1.76 billion, down 41.1 percent from the same period last year, INEGI said Monday.

Reuters - Mexico and the United States reached a deal on Monday to avert potentially steep duties on Mexican sugar imports to the United States, defusing a months-long dispute.

AP - General Motors is moving production of the electric drive unit in the Chevrolet Volt from Mexico to Michigan. The part had been made at a plant in Ramos Arzipe,

Reuters - Mexican chemicals and plastic pipe maker Mexichem on Monday posted a $47.62 million third-quarter profit, helped by a lower tax bill and higher revenue.

EFE - The head of the U.N. Educational, Scientific and Cultural Organization on Monday urged Mexico to investigate the murder of citizen journalist Maria del Rosario Fuentes. -Honda’s new $800 million plant in Celaya has been struggling amid problems caused by a green labor force, language barriers and an insecure rail system.


CBC - Ford Motor Co. decided to build its new engine in Mexico after it was unable to reach a deal with the federal and Ontario governments to bring the investment to Windsor, Ont.

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