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 Business News
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The 'Green Gold' of Mexico
 Oscar Avila
Exports of avocados from the state of Michoacan, the top source of both the fruit and immigrants to Chicago, have risen fivefold since 2004. Mendoza and other Mexican farmers have found that exporting the crop is lucrative enough under the North American Free Trade Agreement that they don't need to go north to earn a living.
Mexico's Cemex Sees U.S. Housing Sector Down More
 Chris Aspin
Mexico's Cemex, one of the major players in the U.S. construction industry, said on Tuesday its sees the residential housing sector in the United States continuing on a downward trend in 2008, albeit at a slower pace.
US Passes $146 Billion Economic Aid Package
 Associated Press
The House, seizing a rare moment of bipartisanship to respond to the economy's slump, overwhelmingly passed a $146 billion aid package Tuesday that would speed rebates of $600-$1,200 to most taxpayers.
PV Businesses Support R.I.S.E. Event
 Keith Amo
The business community has again demonstrated its generosity and commitment to the children of Puerto Vallarta. This year's generous sponsors for the R.I.S.E. for Hope Event on February 9th include local realtors, restaurants and business owners.
Wal-Mart Gets Its Bank - In Mexico
 Carolyn Whelan
For years, Wal-Mart tried to enter the U.S. banking business, but it gave up in 2007, pulling its application after endless outcries from domestic retail banks. Now it's found a more receptive audience south of the border.
Richardson Meets with Mexican President
 New Mexico Business Weekly
Gov. Bill Richardson was in Mexico City on late last week meeting with Mexican President Felipe Calderón Hinojosa to discuss border rail and infrastructure issues.
Fly High with Grupo Aeroportuario del Pacific
 BloggingStocks
Grupo Aeroportuario del Pacifico (NYSE: PAC) owns a valuable 50-year concession to operate 12 airports in Mexico, mainly along the Pacific coast and in the central region of the country. This includes major markets like Guadalajara, Tijuana, Los Cabos and Puerto Vallarta.
Mexican Inflation Under Control
 Reuters
Mexico's inflation was lower than expected in the first two weeks of 2008, improving investors' bets that the central bank could cut interest rates this year to protect the economy from a looming U.S. recession.
Arizona Work Force is Heavily Hispanic
 Howard Fischer
The Pew Hispanic Center released a study of Arizona's Hispanic work force this week in response to the enactment of the state's employer-sanctions law Jan. 1. The study, conducted using information from both the U.S. Census Bureau and Pew's own analysts, was designed to not only provide the most up-to-date figures but also compare Arizona with the rest of the nation.
Tentative Deal on US Economic Stimulus Plan
 David M. Herszenhorn
House leaders and the White House on Thursday reached a tentative agreement on an economic stimulus package of roughly $150 billion that would pay stipends of $300 to $1,200 per family and provide tax incentives for businesses to encourage spending.
Second Cease-Trade Order Issued for Shares
 Cassandra Kyle
A cease-trade order has been placed against a second Saskatchewan resident involved in a Mexican land-banking operation that has attracted several hundred local investments and is currently under investigation.
Cabo Wabo Ultra-Premium Tequila now Available through Skyy Spirits
 Business Wire
The world's most distinctive ultra-premium tequila, Cabo Wabo, has a new casa. Skyy Spirits, a Gruppo Campari company, is now the official marketer and distributor of the 100-percent blue agave Cabo Wabo Tequila line in the United States.
Finding (and Keeping) the Employees You Want
 Paul B. Brown
In a tight labor market like this one, hiring good employees is only half the battle. You also need to make sure they stay. That thought should be uppermost in your mind, even before you start looking to bring someone on board.
Mexico Looks to Lift Ban on Canadian Dairy Cattle
 Adriana Barrera
Mexico wants to eliminate soon a ban on Canadian dairy cattle imports that dates back to a 2003 outbreak of mad cow disease in Canada, a senior animal health official said on Tuesday.
Mexico Starts Probe of Fixed-Line Phone Industry
 Adriana Lopez Caraveo & William Freebairn
Mexico's antitrust regulators started investigating the fixed-line telephone market to determine whether Carlos Slim's company exerts too much control, part of a government effort to limit his influence.
MAPI Report Addresses Mexico's New Tax Law
 ThomasNet
Mexico's recently enacted 2008 Tax Law will have a sweeping effect on U.S. maquilladoras, manufacturing facilities, located in that country. A Manufacturers Alliance/MAPI report, Mexico's New Tax Law Will Impact U.S. Manufacturers (LAR-487e) reviews the legislation and offers advice for re-evaluating tax positions.
Mexico's Calderon Says Housing Boom Slowing
 Noel Randewich
Mexican builders will invest 8 percent more in the recently booming housing sector in 2008, President Felipe Calderon said Monday, the smallest rise in years as the industry hits a government target.
Retailers in Mexico Offer Discounts to Fight Inflation
 Marla Dickerson
Retailers in Mexico are voluntarily cutting prices on basic items at the government's urging as the cost of living climbs. Manufacturers complain they are picking up the tab.
Surprise US Rate Cut Boosts Mexico Markets
 Reuters
Mexico's peso and stocks surged on Tuesday after the U.S. Federal Reserve slashed interest rates by three quarters of a percentage point in a bid to head off a recession in the United States.
Overseas Investors Buy Aggressively in US
 Peter S. Goodman & Louise Story
For much of the world, the United States is now on sale at discount prices. With credit tight, unemployment growing and worries mounting about a potential recession, American business and government leaders are courting foreign money to keep the economy growing.
Mexico Cable TV Industry Warns Government on Telmex
 Chris Aspin
Mexico's cable TV industry urged the government on Sunday not to give television rights to the country's largest fixed-line telephone firm Telmex without first negotiating lower phone call rates for rival companies.
Mexico Central Bank May Keep Rates Unchanged Amid U.S. Slowdown
 Bill Faries
Mexico's central bank will probably keep its benchmark lending rate at the highest in almost two years as a slowing U.S. economy and lower-than-forecast industrial production outweigh inflation concerns.
Mexico to Boost Aid to Farmers by 20% in 2008
 Andres R. Martinez
Mexico will increase aid to farmers this year by as much as 20 percent to make them more competitive against their U.S. counterparts, whose exports to Mexico have been free of duty since the start of the year.
Mexico's Slim Short-Listed for Panama License
Andrew Beatty
A company owned by Mexican billionaire Carlos Slim has been short-listed for one of two mobile phone licenses in Panama, one of the few countries in Latin America where he does not operate.
Mexico's PRI Backs Private Investment in Oil Industry
 Adriana Lopez Caraveo & Andres R. Martinez
Mexico's largest opposition party will back a yet-to-be-disclosed plan for opening the state oil monopoly to outside investment in deep-water drilling and exploration as well as in pipelines and refining.
Mexico Retailers Dec Same-Store Sales Down 0.2 Pct
 Cyntia Barrera Diaz
Mexican retailers group ANTAD said on Monday its members' same-store sales fell 0.2 percent in December, reflecting weak consumption in a month marked by aggressive Christmas sales and credit promotions.
Delegation Goes to Mexico City on Trade Mission
 Farm Futures
Mark Keenum, USDA Undersecretary for Farm and Foreign Agricultural Services led a delegation to Mexico City last week to discuss the North American Free Trade Agreement, which was fully enacted on Jan. 1.
Cruel Jokes, and No One Is Laughing
 Gretchen Morgenson
What do banks call it when a troubled borrower abandons her home, sending them the keys? “Jingle mail.” And what do they call it when an irate borrower abandons his home, yanking electrical outlets from walls, leaving faucets running and otherwise trashing it on the way out? “Taking the inside of the house with you.”
Mexico Pharmacies Targeted
 Ken Alltucker
Several states have direct links to Canadian pharmacies to ensure their citizens have access to less expensive prescription drugs. Yet no state has such formal ties through Web sites or state-sponsored programs to pharmacies in Mexico.
Fighting Foreign Fakes
 Omar Millán González
Many of the National Football League and Major League Baseball items sold in Tijuana and throughout Mexico are counterfeit – a savings for consumers but a financial hit for the professional leagues and their manufacturing partners.
Mexico to Resist U.S. Economic Slowdown - Ortiz
 Adriana Barrera & Noel Randewich
Mexican Central Bank Governor Guillermo Ortiz said on Friday the local economy will stand up "fairly well" to a U.S. slowdown and that inflation pressures were not as widespread as thought.
Mexico Retailers Cut Prices to Fight Inflation
 Cyntia Barrera Diaz
Mexico's leading retailers have agreed to cut prices on 300 household goods from Thursday through the end of March as part of a government-backed plan to fight inflation. Powdered milk, beans, pasta, eggs, soap and shampoo are on a broad list of products that will come down in price, said Vicente Yanez, head of the retail association ANTAD.
Mexico 2007 Inflation One of the Lowest on Record
 Associated Press
Inflation in Mexico reached one of its lowest levels in history in 2007, the Bank of Mexico announced Wednesday. The National Consumer Price Index rose 0.41 percent in December, bringing inflation for the year to 3.76 percent, from 4.05 percent in 2006.
Goldman Sachs Sees US Recession in 2008
 Daniel Burns & Nick Olivari
Goldman Sachs on Wednesday said it expects the U.S. economy to drop into recession this year, prompting the Federal Reserve to slash benchmark lending rates to 2.5 percent by the third quarter.
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