Comerci expects JP Morgan to approve restructuring
Bloomberg Comercial Mexicana, the retailer that operates Costco Wholesale Corp. stores in Mexico, expects JPMorgan Chase & Co. to join five other banks in approving a plan to restructure more than...
View ArticleBimbo repays $600 million bridge loan early
Reuters Bread maker Bimbo said on Wednesday it repaid early a $600 million bridge loan taken out to help fund its $2.38 billion January acquisition of the U.S. baking arm of Canada's George Weston...
View ArticleTelevisa launches web site offering jobs to workers, candidates to employers
Sentido Comun Grupo Televisa, one ofhe largest Spanish media company in the world, launched a new website called templeo.com where visitors can find job opportunities, while businesses will be able to...
View ArticleBig firms in Mexico laid off 7.5% of workforce
CNNExpansion.com/Maquila Portal Large companies operating in Mexico cut their labor forces by 7.5 percent last year against 2007. The 500 largest companies in Mexico closed 2008 with a joint labor...
View ArticleCaldron inaugurates Abott pharmaceutical addition
El Universal/Maquila Portal Mexican President Felipe Calderon inaugurated what will be Abott's main operation in Latin America. More than 400 jobs will be added to the 1,000 positions at the plant,...
View ArticleNestle completes $22 million expansion of logisitics center
El Financiero Nestle has invested $22 million in the expansion of its Logistics Center in Lagos de Moreno, Jalisco, creating 103 jobs at the facility that does the whole production of its baby formula...
View ArticleJudge rules for Gigante in dispute with Grupo Blanco
Sentido Comun Grupo Gigante, which owns supermarkets and restaurants, said it won a favorable ruling from a judge to reduce the calculation of a charge claimed for years by Grupo Blanco.
View ArticleAviacsa fleet has resumed flights under court order
Associated Press Mexico's Aviacsa airline resumed service Friday after winning a court ruling overturning a government order grounding its planes for the second time over safety concerns.The airline...
View ArticleMorgan Stanley cites "little reason" to own Cemex
Bloomberg Morgan Stanley said there is “little reason” to own shares of Cemex because cement demand may remain weak until 2011, valuations are “uninteresting”...
View ArticleGM will start producing Cadillac SRX in Ramos Arizpe
Vanguardia General Motors, as part of its restructuring will start the production of new Cadillac SRX in Ramos Arizpe, Coahila, mainly for the U.S. market and will “relabel” as...
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