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Carlos Slim to sell stake in Philip Morris Mexico
Grupo Carso company is selling its stake in Philip Morris's Mexico unit to the US tobacco giant for $700 million, the firms said Tuesday. Grupo Carso holds a 20 percent stake in Philip Morris Mexico (PMM) and the companies expect to complete the transaction by September 30, ending a three-decade partnership between Slim and the maker of Marlboro cigarettes. Philip Morris holds almost ...
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Same-sex couples inch toward sharing benefits in Mexico City
Same-sex couples are a step closer to being able to share social security benefits after one government agency changed its policy in May 2013. Same-sex marriage has been legal for three years in Mexico City. But delays in Congress to revise the social security laws continue to leave spouses without access to each other's ...
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Soldiers flood western Mexico to protect towns
COALCOMAN, Mexico (AP) -- Mexico's top security officials promised Tuesday that a new federal offensive to rescue towns besieged by the Knights Templar drug cartel in western Michoacan state would stay "until there is security and peace for all state ...
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Statement by Agriculture Secretary Tom Vilsack on Meeting with Mexicoaposs Secretary of Agriculture
MEXICO CITY, May 17, 2013 - Agriculture Secretary Tom Vilsack today issued the following statement following his meeting with Mexico's new Secretary of Agriculture, Enrique Martnez y Martnez: "I am pleased by the productive exchange with Secretary Martnez where we discussed and recognized the strong bilateral agricultural trade between our two countries. Mexico is an important ...
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Pena Nieto’s Mexico Energy Reform Faces Delay in PAN Shakeup
Ernesto Cordero from the Senate party leadership. The decision erodes the political consensus parties have built in congress, complicating the economic reform agenda, according to IdeaGlobal and Javier Oliva, a political scientist at Mexico's National Autonomous University. "What may happen is that factions of the party would vote against part of an energy reform," Oliva ...
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Opportunity in Mexicos Airport Operators
With the Mexican economy growing at around 3.5% in 2012, it's not surprising that airport traffic was up for the year. Tourism is one of the biggest sources of foreign currency for Mexico. As the Mexican economy's growth is expected to be close to its potential, at 3.5% in both 2013 and 2014 ...
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California couple get prison for keeping niece as sex slave
A Southern California couple are headed to prison after pleading guilty to keeping a young niece in the United States illegally as a sex slave. Inez Martinez Garcia, 44, was sentenced Monday to a 20-year prison term. Her husband, Marcial Garcia Hernandez, 45, was given a 23-years-to-life sentence. Both pleaded guilty to multiple counts of abuse. Prosecutors said the couple coerced a relative ...
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Mexico City rivals to contest Liga MX final
The recent dominance of the Liga MX by teams from the north is over, for now, with the traditional "Big Four" represented by two sides from Mexico City in this week's Clausura 2013 ...
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Former Texas Marine kidnapped in Mexico
Armando Torres, 27 A former Marine from Texas who served for seven years has been kidnapped by armed men in Mexico, his family said.Armando Torres, 27, crossed the Los Indios Bridge in Brownsville, Texas on Tuesday night to visit his dad and was supposed to return Wednesday morning.Torres' uncle, Eduardo Torres, says he's worried and claims he and two other family members from Mexico ...
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More Idaho wheat sold for feed exports to Mexico drop
SEAN ELLIS Capital PressBOISE -- After increasing significantly in 2012, Idaho wheat exports to Mexico dropped considerably during the first quarter of 2013. The drop was caused by very high corn prices last year that resulted in a lot of Idaho wheat being sent through feed channels, according to industry experts. "Because of the price of corn, we had millions of bushels of wheat go to ...
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New Mexico setting new records with drought
WEST VALLEY CITY, Utah (AP) -- Newly released police records show that Utah officials believe Josh Powell likely killed his wife and that his brother, Michael Powell, helped dispose of the body, but authorities felt they didn't have enough evidence to prove that theory in ...
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Aeromexico announces the addition of Embraer 175 planes to its fleet
MEXICO CITY, May 21, 2013 /PRNewswire/ --Aeromexico, Mexico's global airline, is announcing the addition of three Embraer 175 planes to its fleet, making it the first national airline in the country to operate this modern aircraft. ...
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B.C. relatives fear for man kidnapped in Mexico along with his business partner
The frantic family of a missing B.C. man feared kidnapped in Mexico is praying for his safe return.Diego Hernandez, 22, disappeared in Puerto Vallarta on May 8 along with his American business partner, Craig Silva, 31.Three days before the pair disappeared, Hernandez, a mixed martial arts instructor, had mounted a successful, high-profile MMA event."It was a very exciting time for ...
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Mexico Opposition Dispute Threatens Reforms
A dramatic rupture in Mexico's main opposition political party has aired the group's dirty laundry and also could trip up President Enrique Pena Nieto's ambitious agenda of reform. The political fireworks riveted Mexicans on Monday, dominating airwaves ...
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Mexicos Antitrust Authority Endorses Financial Reform Proposal
Mexico's antitrust authority recommended Tuesday that Congress approve the government's proposed financial reform in an "expedited manner," as it sees the proposal benefiting consumers.The measure, drafted by a multiparty effort known as the Pact for Mexico and presented this month by President Enrique Pena Nieto, offers greater protection for consumers of financial service ...
Mexico City Feature Story
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Mexico City launches eco-friendly and cash friendly project
Mexico City has joined a global movement that has taken many major city municipalities by storm in recent years, the eco-friendly movement of bicycle-sharing. The city joins the ranks of Montreal, Paris, Barcelona and many other major cities across Europe and the world, such as Beijing in China and Melbourne in Australia. The scheme, once rolled out in its entirety, is expected to play a part in relieving some of the burden on Mexico City’s streets.
Mexico City, the largest and richest city in Mexico, is also one of the worst for traffic jams. A recent study by IMB, the IMB Commuter Pain Study, found Mexico City and Beijing to be the two worst cities in the entire world for traffic jams, ours are among the longest and most frequent with the city getting a score of 99 out of 100 on the commuter pain index, this compared to Stockholm, which scored 15. Read more
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