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Tag Results for "Business News"

Microsoft Says Steve Ballmer to Retire Within 12 Months

Microsoft CEO Steve Ballmer will retire within the next 12 months once the process of choosing his successor has been completed, the company said Friday. continue reading »

Obama Welcomes Latino Businessmen at White House

Latino businessmen from all over the United States on Wednesday asked for the Obama administration's support in developing their businesses via greater access to capital. continue reading »

Chilean Mining Giant Codelco to Invest $27B Over Six Years

Chilean state-owned mining giant Codelco on Wednesday announced plans to invest nearly $27 billion over the next six years. CEO Thomas Keller said the investment program, continue reading »

Anheuser-Busch InBev Present Offer for 50% Stake in Mexico’s Grupo Modelo

Anheuser-Busch InBev has launched a tender offer for the 50 percent stake it does not already own in Mexican brewer Grupo Modelo. In a filing with the Mexican stock exchange, Grupo Modelo continue reading »

World’s Largest Glassmaker, Mexico’s Vitro, Plans $146M Investment

Mexico's Vitro, one of the world's largest glassmakers, said it planned to invest 1.77 billion pesos ($146 million) in different projects this year. "The authorized amount represents an increase continue reading »

$341 Million Expansion Planned for Mexico’s Coca-Cola Bottler

Mexico's Arca Continental, the second-largest Coca-Cola bottler in Latin America after Coca-Cola Femsa, announced that it plans to invest 4.2 billion pesos ($341 million) to drive t continue reading »

Nestle Selling Infant Nutrition Business in Mexico

Swiss food giant Nestle will sell the infant nutrition business it acquired as part of the purchase of U.S.-based pharmaceutical giant Pfizer's global infant nutrition unit, the Federal Competition Commission, or CFC, said Monday. continue reading »

MEXICO: Volaris Begins Using Fuel Efficient Airbus

Mexican discount carrier Volaris has started operating the first of 50 Airbus A320s equipped with wing tip fuel saving devices, known as "sharklets," that will allow it to reduce fuel use by up to 4 percent. continue reading »

Spain’s Grupo BBVA to Invest $3.5 Billion in Mexico

Grupo BBVA on Thursday unveiled a four-year, $3.5 billion investment plan for its Mexican unit, saying the funds would be used to modernize more than 1,700 bank branches nationwide and meet other objectives. continue reading »

Latino Coalition, Biz2Credit Launch Hispanic Online Platform for Small Business Financing

Biz2Credit, the #1 online credit resource for small businesses, and The Latino Coalition (www.thelatinocoalition.com) today announced a partnership in which Biz2Credit will be the go-to financing resource for th continue reading »

FactoryMade Ventures Forms Joint Venture With Lucha Libre AAA

FactoryMade to Operate and Extend Wrestling League's IP in U.S. and International Territories Outside Mexico; Starlight Runner Entertainment to Lead Innovative Transmedia Development Initiative continue reading »

US Unemployment Rate Drops to 7.7 Percent in February 2013

The U.S. unemployment rate fell two-tenths of a percent in February to 7.7 percent, as 236,000 net jobs were created, the Labor Department said Friday. Economists had been expecting the creation of just 157,000 net continue reading »

Record High for Wall Street

Supported by the massive monetary stimulus of the Federal Reserve and a gradual recovery in the world's largest economy, the New York Stock Exchange's benchmark in continue reading »

Walmart Saw $17 Billion Profit in 2012

Walmart Stores, Inc., the world's largest retailer, said Thursday it posted income from continuing operations of $17 billion in the fiscal year ended Jan. 31, up 7.8 percent from the comparable prior period, thanks to higher sales and lower financing costs. continue reading »

American Airlines, US Airways Announce $11 Billion Merger

American Airlines and US Airways said Thursday they planned to merge in a deal worth $11 billion, creating the largest carrier in the United States and bringing an end for now to the wave of consolidation in the airline industry. continue reading »

Tech Company Dell Going Private with $24.4 Billion Payout

Computer maker Dell Inc. on Tuesday announced its exit from the stock market in a $24.4 billion buyout led by company founder and CEO Michael Dell. Dell shareholders will receive $13.65 per share, which repr continue reading »

Branding Tips for Women Entrepreneurs

The more of your own unique qualities you can build into your brand, the better off your business will be. Entrepreneurs have always focused on building the brand names of their companie continue reading »

Spanish Unemployment Rate Now Over 26%

Spain's unemployment rate hit 26.02 percent in 2012, with more than 5.9 million people jobless, the Spanish National Statistics Institute, or INE, said Thursday. A total of 187,300 people were added to jobless rolls in the fourth quarter of continue reading »

European Union Fines Portugal’s Telecom and Spain’s Telefonica

The European Commission imposed a 79-million-euro ($104.96-million) fine Wednesday on Spain's Telefonica and Portugal Telecom for agreeing not to compete against each other in the Iberian market. continue reading »

Adsmovil and RedMas Merger Creates Largest Mobile Ad Network in the Americas

The Cisneros Group of Companies today announced the creation of the largest mobile ad network serving the Americas by merging the mobile business of RedMas, Cisneros' digital media unit continue reading »