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Cellular Providers With Substandard Service Barred From Selling New Plans in Brazil

Brazil's telecommunications regulator said cellular companies Oi, Claro and TIM Participacoes will be barred from selling new mobile plans in certain states until they present a plan to improve service quality. continue reading »

Chile’s LAN Airlines, Brazil’s TAM Merger Creates LATAM Airlines Group

Chile's LAN Airlines and Brazil's TAM announced Friday they have completed the process of creating a single parent company, LATAM Airlines Group, Latin American's largest air carrier with a market value of more than $12.5 billion. continue reading »

Delta Airlines Buys 30.2 million Shares of Aeromexico

Delta Airlines, the No. 2 carrier in the United States, has acquired a 4.17 percent stake in Grupo Aeromexico for $65 million as part of a long-term strategic alliance, the Mexican airline said. continue reading »

Spanish region and Mexico’s Pemex in Talks Over New Ship Deal

Talks between the northwestern Spanish region of Galicia and Mexican oil giant Pemex for the construction of several ships are "advancing" and a deal could be reached "soon," the head of the regional government, Alberto Nuñez Feijoo, said. continue reading »

Constructing “HeelCondoms” Reduces Sentences For Puerto Rican Inmates

Inmates at Vega Alta women's prison in Puerto Rico are reducing their sentences thanks to their daily work of sewing "HeelCondoms," colorful and varied accessories that fit onto the heels of women's shoes. continue reading »

Colombia’s Ecopetrol Market Value Hits $126.72 Billion, Overtakes Brazil’s Petrobras

Colombian oil company Ecopetrol overtook Brazilian energy firm Petrobras earlier this week to become Latin America's largest public company by market value, according to a study by Sao Paulo-based consultancy Economatica. continue reading »

Spain’s Eosol Energy Aims to Build Major Solar Energy Project in Chile

Spain's Eosol Energy plans to build a $615.9 million solar energy project in Tocopilla, a town in northern Chile. The project will have generating capacity of 192.6 MW, the company said in an environmental impact statement. continue reading »

U.S. Wireless Operator to be Acquired by Carlos Slim’s America Movil

Regional wireless giant America Movil, controlled by Mexican multi-billionaire Carlos Slim, said Thursday it has agreed to acquire a 100 percent stake in U.S. wireless carrier Simple Mobile, Inc., a unit of T-Mobile USA. continue reading »

Mexico’s Pemex Denies $30 billion Accounting Fraud

Mexico's state-owned oil monopoly Petroleos Mexicanos has denied any accounting irregularity after a congressional oversight body said it had identified a possible $30 billion fraud. continue reading »

‘Start-Up Chile’ Looking to Make Country Latin America’s Silicon Valley (VIDEO)

For the world’s entrepreneurs, Chile might not seem like a good place to start a tech business, especially if no one involved speaks Spanish. However, for those willing to take another look continue reading »

95% of Bananas from Dominican Republic Went to Europe in 2010

According to DR1, the Dominican Republic exported bananas to Europe for a total of US$198,000,000 in 2010, through the sale of 303,000 tons of bananas. continue reading »

Univision Stations Are Most Watched Local Newscasts in the Country

Univision Communications Inc., the leading media company serving Hispanic America, today announced that for the second consecutive sweep month, its owned-and-operated (O&O) television stations in Los Angeles and New York led all other stations in the country with the most watched early and late local newscasts, among Adults 18-34 and 18-49, regardless of language. continue reading »

Coalition of Latinos Take on Carlos Slim in United States

Latino leaders from across the United States have formed a coalition dedicated to exposing Carlos Slim, the world's richest man, and the alleged predatory, monopolistic methods with which he has amassed his fortune. continue reading »

Hola Espanol! Go Daddy Creates Spanish Language Website

Making It Easier for Spanish Speakers to Build & Develop Internet Presence. Go Daddy is now available online in Spanish. The world's largest provider of Web hosting, domain names and new SSL Certificates has launched continue reading »

McDonald’s Tops the List among Hispanic Advertisers

While total advertising spending increased modestly by a .8 percent in 2011 the big news came in Spanish language TV advertising that increased by 19.1%. This new data was released by Kantar Media a strategic advertising and marketing company. continue reading »

$22.73 Billion Sent in Remittances to Mexico in 2011

Remittances sent by Mexicans living abroad rose 6.86 percent to $22.73 billion in 2011, the Bank of Mexico said. continue reading »

Mexico Loses $872 Billion in Illegal Capital Flight

Mexico lost $872 billion to illicit financial outflows between 1970 and 2010, according to a report released Monday by a U.S.-based research and advocacy group. continue reading »

Coca-Cola Set to Invest $1 Billion in Mexico This Year, Creating 10,000 New Jobs

The Coca-Cola Co. plans to invest $1 billion in its operations in Mexico this year as part of a $5 billion long-term investment plan, CEO Muhtar Kent said. continue reading »

Latin Trade’s 18th Annual Bravo Business Awards Nomination Period Continues Until March 15

Business, civic, government and humanitarian leaders will be honored at annual gala in the fall. The nomination period for Latin Trade magazine’s continue reading »

Food Franchises Attracting Latino Entrepreneurs

BuscaTuFranquicia.com is pleased to report that registrations from Hispanic entrepreneurs who are looking to open a food franchise have increased compared to 2010 figures. continue reading »