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Latin America Business News

One Week After PEMEX Explosion Employees Return to Work

One Week After PEMEX Explosion Employees Return to Work

Thousands of employees of Mexican state-owned oil monopoly Petroleos Mexicanos returned to work Wednesday at the company's headquarters in this capital, where an explosion last week left 37 dead and more than 100 injured. continue reading »

Puerto Rican Lawmaker Says Airport Lease Will be Bad for Island

Puerto Rican Lawmaker Says Airport Lease Will be Bad for Island

The speaker of Puerto Rico's lower house said Wednesday the contract authorizing the Aerostar Airport Holdings consortium to lease and operate San Juan's airport for 40 continue reading »

Brazil Increased Auto Output by 31.9% in January

Brazil Increased Auto Output by 31.9% in January

A total of 279,332 automobiles were manufactured in Brazil in January, up 31.9 percent from the same month of 2012 and 7.7 percent more than in December, the Anfavea industry association said Wednesday. continue reading »

Protest in Mexico to Keep PEMEX Private In Spite of Shoddy Safety Record

Protest in Mexico to Keep PEMEX Private In Spite of Shoddy Safety Record

A series of peaceful protests will be held across Mexico in defense of state-owned oil giant Petroleos Mexicanos, or Pemex, and against a supposed plan to turn the firm over to foreign oil companies, former leftist presidential candidate Andres Manuel Lopez Obrador said. continue reading »

EFE President Says Journalism is “More Alive Than Ever”

EFE President Says Journalism is “More Alive Than Ever”

The profession of journalism "is more alive than ever or, at least, as alive as it ever was," the president of EFE, Spain's international news agency, Jose Antonio Vera, said during the inauguration in Ma continue reading »

Tech Company Dell Going Private with $24.4 Billion Payout

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 »

Meet In-N-Out Burger’s Quiet Billionaire Heiress, Lynsi Torres

Meet In-N-Out Burger’s Quiet Billionaire Heiress, Lynsi Torres

You may not know her by name, but if you live in the western United States you probably know the restaurant that’s made Lynsi Torres America’s youngest female billionaire. continue reading »

Latin America News: Brazil’s Petrobras Profit Decline 36 Percent

Latin America News: Brazil’s Petrobras Profit Decline 36 Percent

State-controlled oil giant Petrobras said it posted net income of 21.18 billion reais ($10.61 billion) in 2012, down 36 percent from the prior year. continue reading »

Argentina Freezing Supermarket Chains’ Prices for Two Months

Argentina Freezing Supermarket Chains’ Prices for Two Months

Argentina's major supermarket chains reached agreement with the government to freeze prices for two months, the head of the association representing the retail giants told Efe Monday. continue reading »

PEMEX Blast Likely Caused by Accumulation of Gas, No Trace of Explosives Found

PEMEX Blast Likely Caused by Accumulation of Gas, No Trace of Explosives Found

The explosion that killed 37 people and injured more than 100 others last week at the Petroleos Mexicanos, or Pemex, headquarters in Mexico City was caused by an accumulation of gas, officials said. continue reading »