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Grupo Gigante Buys Remaining Stake in Office Depot de Mexico

Grupo Gigante Buys Remaining Stake in Office Depot de Mexico

Mexican diversified retailer Grupo Gigante said Tuesday it was acquiring the 50 percent of Office Depot de Mexico it did not already own for 8.77 billion pesos ($689 million). continue reading »

Carlos Slim’s Mexican Mining Operations Shut Down Due to Labor Disputes

Carlos Slim’s Mexican Mining Operations Shut Down Due to Labor Disputes

Minera Frisco, which is owned by Mexican billionaire Carlos Slim, said it halted operations at the El Coronel, San Francisco del Oro and Minera Maria mines due to labor problems. continue reading »

Bolivia’s Evo Morales Inaugurates New Power Plants to Meet Growing Demand

Bolivia’s Evo Morales Inaugurates New Power Plants to Meet Growing Demand

President Evo Morales was on hand over the weekend for the arrival of a convoy of trucks hauling equipment for the 160 MW thermoelectric power plant that Bolivia is building on the border with Argentina. continue reading »

Brazil Sees .6% Economy Growth in 2013 1st Quarter

Brazil Sees .6% Economy Growth in 2013 1st Quarter

Brazil's economy grew 0.60 percent in the first quarter of 2013, compared with the final quarter of last year, the government said Wednesday. The figures confirmed official projections that the economy would continue reading »

Telecom Industry in Mexico Grows 12.5% in 2013’s 1st Quarter

Telecom Industry in Mexico Grows 12.5% in 2013’s 1st Quarter

Mexico's telecommunications industry grew 12.5 percent in the first quarter of 2013, compared to the same period last year, thanks to surging demand for satellite television continue reading »

BRAZIL: Media Mogul Roberto Civita Dies at 76

BRAZIL: Media Mogul Roberto Civita Dies at 76

Roberto Civita, chief of the Brazilian media conglomerate Abril and creator of the prestigious newsweekly Veja, has died, his company said Monday. He was 76. continue reading »

CHILE: Gold Mining Company Fined $16.5M for Environmental Violations

CHILE: Gold Mining Company Fined $16.5M for Environmental Violations

Chile's SMA environmental watchdog said Friday that it had imposed an 8-billion-peso (roughly $16.5-million) fine on Canada's Barrick Gold and ordered it to halt its Pascua-Lama mine project over environmental violations. continue reading »

No Waste, Jose: Tequila Waste Being Recycled into Sponges

No Waste, Jose: Tequila Waste Being Recycled into Sponges

For years, remnants of agave plants used to make tequila were discarded and left in the fields to rot, but now the 3M company is turning that "waste" into something useful. continue reading »

US Airline SkyWest Buys 40 Jets from Brazil’s Embraer

US Airline SkyWest Buys 40 Jets from Brazil’s Embraer

Brazilian aircraft manufacturer Embraer said Tuesday it reached a deal to sell 40 E175 passenger jets to U.S. airline SkyWest for nearly $1.7 billion. continue reading »

Cubans Now Allowed to Import Electric Applicances

Cubans Now Allowed to Import Electric Applicances

Cuban customs authorities starting on Monday authorized individuals to import electric appliances and mopeds in a resolution eliminating the prohibition on such imports that had been in force since 2005. continue reading »

PARAGUAY:  King of Used Cars

PARAGUAY:  King of Used Cars

Paraguay has become the main destination in South America for used cars from Japan, the United States and other countries, thanks to new regulations aimed at making it easier to import automobiles so low-income consumers can purchase vehicles. continue reading »

JUST IN:  Latino Favorite Yahoo to Buy Tumblr in $1.1B Deal

JUST IN:  Latino Favorite Yahoo to Buy Tumblr in $1.1B Deal

Yahoo Board of Directors has just approved the acquisition of social media network Tumblr in a $1.1 Billion cash deal, according to the Wall Street Journal. continue reading »

Bill Gates Takes Back World’s Richest Person, Slim is Number 2

Bill Gates Takes Back World’s Richest Person, Slim is Number 2

Bill Gates has regained the title of the world's richest person, a position he lost in 2007 to Mexico's Carlos Slim due to fluctuations in the Microsoft mogul's stock market investments, according to Bloomberg's daily index. continue reading »

Yahoo de Mexico’s $2.3 Billion Fine Reduced to $172,500

Yahoo de Mexico’s $2.3 Billion Fine Reduced to $172,500

Yahoo and its Mexican affiliate Yahoo de Mexico are breathing a sigh a relief after a Mexican Appellate court reduced a breach of contract fine from $2.5 billion to an ‘economical’ $172,500. continue reading »

Brazil Oil, Natural Gas Auction Bids Exceed Expectations

Brazil Oil, Natural Gas Auction Bids Exceed Expectations

A two-day Brazilian oil and natural gas auction has received strong demand from companies based in Brazil, Colombia, Portugal, France, Britain and other countries, with bid prices far exceeding the regulator's expectations. continue reading »