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 Business News
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President Calderón Meets with CCE Members
 Suzanne Stephens Waller
The Presidency reports that as part of the dialogue on security organized by President Felipe Calderón, the President met with members of the Business Coordinating Council, led by its president, Mario Sánchez Ruiz and members of the business sectors comprising this organization.
Latam Currencies Lose Steam Following U.S. Data
 Samantha Pearson & Michael O'Boyle
Latin American currencies largely gave up early gains on Thursday after strong U.S. data and a stronger outlook for worldwide economic growth failed to calm lingering fears over the global recovery.
Mexico Airport Operator GAP June Passenger Traffic Rises 12%
 Paul Kiernan
Mexican airport operator Grupo Aeroportuario del Pacifico SAB, or GAP, said Wednesday that passenger traffic at its 12 airports rose 12% in June from a year ago, to 1.65 million.
Mexico's Walmex June Same-Store Sales Seen Up 5.4 Pct
 Gabriela Lopez
Mexico's top retailer, Wal-Mart de Mexico (Walmex), is expected to post a 5.4 percent rise in June same-store sales, helped by World Cup-related promotions.
NGOs: We Need Sustainable Development Banks
 Emilio Godoy
Non-governmental organisations from across the Americas are demanding that the World Bank and the Inter-American Development Bank institute policies that favour sustainable energy and help mitigate climate change.
 Toyota Starts Recall in Japan, US Could Be Next
 Associated Press
Toyota has started recalling Lexus and Crown luxury vehicles in Japan over an engine defect in the latest setback for the automaker beset with quality problems.
Teddy Bear Sales Used in L.A. Money Laundering Scheme
 John R. Emshwiller
US Federal officials announced a drug-money laundering case here last week with an unusual twist: the laundering was allegedly done through the sale of Teddy bears and other toys.
Mexico Says Employment Goal Exceeded
 Suzanne Stephens Waller
President Felipe Calderón announced the creation of 513,373 new jobs registered with the Social Security Institute from January to June of 2010, which, he said, proves that the Mexican economy is recovering.
US Has Worst Prolonged Unemployment Since Great Depression
 David Rosnick
As the nation contends with a long and sustained labor market recession, a new study from the Center for Economic and Policy Research demonstrates that the current unemployment rate is higher than the conventional measure shows.
Mexico's Declining Oil Output Worries Planners
 UPI
Mexico's declining oil output is a potential major challenge for the country and its neighbors, including the United States, because of its inevitable fallout in all sectors of the economy.
RSA Animate - Crises of Capitalism
 theRSAorg
In this RSA Animate, radical sociologist David Harvey asks if it is time to look beyond capitalism towards a new social order that would allow us to live within a system that really could be responsible, just, and humane?
US House Agriculture Committee Approves Historic Legislation to Expand Agriculture Trade with Cuba
 Liz Friedlander
Wednesday, the House Agriculture Committee passed legislation to expand U.S. agriculture trade and increase jobs, approving historic legislation that will greatly expand trade of U.S. agriculture products to Cuba.
Andrea Carneiro Named Director of Sales & Marketing of Grand Velas Resort Riviera Nayarit
 GrandVelas.com
Andrea Carneiro has been named as the new Director of Sales and Marketing of Grand Velas All Suites and SPA Resort Riviera Nayarit, a member of The Leading Hotels of The World and recipient of the coveted AAA Five Diamond Award.
Calderón: Banks Crucial to Swift Recovery
 Suzanne Stephens Waller
uring the closing ceremony of the National BBVA Bancomer Board Members’ Meeting, President Felipe Calderón declared that the banking sector’s work is crucial to enabling our country to address future challenges.
Eight Ways the Great Recession Has Changed Americans
 Mark Trumbull
Fifty-five percent of Americans in the labor force have experienced a job loss, a pay cut, or a reduction in hours since the onset of the Great Recession in 2007, a new survey finds.
Vollara is Heading to Puerto Vallarta
 Mike Magolnick
Vollara, LLC, a global leader in direct sales of natural health products and one of the world’s most inspired home business opportunities announces the start of “Fast Start Fiesta,” a Distributor promotion that ends with a vacation in Puerto Vallarta, Mexico.
President Calderon Calls for Construction of Solid Global Financial System
 Suzanne Stephens Waller
In Toronto, President declares he will send Congress a bill contemplating a framework for addressing bankruptcy in banks, based on best international practices.
GOP Kills US Unemployment Benefits Extension
 Andrew Taylor
Republicans on Thursday defeated Democrats’ showcase election-year jobs bill, including an extension of weekly unemployment benefits for millions of people out of work more than six months.
TAU Resorts Joins Interval International
 Interval International
Interval International, a prominent worldwide provider of vacation services and an operating segment of Interval Leisure Group, welcomes Tau nahui and Tau Santa Maria in Nayarit, Mexico, to its exchange network.
Mexico to Axe Car Tax to Spur Domestic Sales
 Adriana Barrera
Mexico will eliminate an annual auto tax, starting with buyers of new cars this year, to support a key sector of the economy, President Felipe Calderon said on Thursday.
Mexico's May Unemployment Falls To 5.1% From 5.4% In April
 Paul Kiernan
Mexico's unemployment rate dipped last month from April and from May 2009 as the country's economic recovery continued to gain steam, although jobless rates remain above their pre-crisis levels.
Mexico Fines Pharmaceutical Firms for Price Fixing
 IANS
Six pharmaceutical companies were fined more than 150 million pesos (11.6 million dollars) for conspiring to raise the price of medicine they sold to a social-services agency, said Mexico's anti-monopoly commission, the CFC.
Mexico, U.S. Extend Ban on Drilling Near Sea Border
 Robert Campbell
Mexico and the United States have agreed to extend a moratorium on exploratory oil and gas drilling along their sea border in the Gulf of Mexico for three years, the Mexican government said on Wednesday.
Mexico's Bank Association Sees Credit Recovery On Track
 Ken Parks
The recovery in bank lending in Mexico is on track to post double-digit growth this year as the economy rebounds from last year's recession, a top industry official said Wednesday.
Mexico City May Ban Ad Clutter
 Danica Coto
Trendy sandals and lint-free toilet paper. Life insurance. Cell phone plans. Brandy, condoms and lacy lingerie. A shampoo created by seven of the world's best hair experts. The advertisements plaster bridges and bus stations, mailboxes and phone booths — even trees. Mexico City lawmakers have had enough.
Mexico to Develop 'Magic Villages' for Tourists
 IANS
As part of the "Pueblos Magicos" (Magic Villages) programme, 1.9 billion pesos will be spent "to transform the urban image, renovate museums and galleries and restore convents and churches with historical and cultural value," Sectur said in a statement.
Mexico Maintains Rate at 4.5% as Demand Remains Weak
 Jonathan J. Levin & Jens Erik Gould
Mexico’s central bank kept its benchmark interest rate unchanged for a tenth straight meeting as policy makers noted that domestic demand has been weak and the peso faced volatility stemming from Europe’s debt crisis.
US Cracks Down on Mortgage Fraud
 Ken Ritter
Some 500 people have been arrested in a nationwide crackdown on mortgage fraud, and federal officials pointed to Las Vegas as one of the centers of the scams that pumped up home prices until the housing market bubble finally burst.
Industry Hurt as Mexico Wages Drug War on US Border
Robin Emmott
Frozen investments and canceled factories are hurting a major Mexican industrial hub on the U.S. border as nervous business leaders watch police and troops do battle with brutal drug gangs.
Mexico Targets 'Dirty Dollars'
 BBC News
Mexico has imposed limits on the use of US dollars in an attempt to limit money-laundering by drug traffickers.
Argentina: Over 40 and Jobless? Click Here
 Marcela Valente
Tired of being sidelined in the job market because he was over 40, an Argentine computer specialist created a labour exchange for people his age and older, which in just a few months grew to nearly 6,000 people.
Bill Gates, Carlos Slim Announce $150M for Health
 Associated Press
The world's two richest men are teaming up with Spain to donate $150 million to fight malnutrition, dengue, malaria and other health problems in Mexico and Central America.
Mexico's Antitrust Regulator Fines Truckers For Price Fixing
 Dow Jones Newswires
Mexico's antitrust regulator said Monday it has fined a local trucking chamber and five trucking companies for colluding to raise charges in response to higher fuel prices.
Mexico Sees 2010 Rise In Highway Thefts Of New Cars
 Paul Kiernan
Theft of new cars by organized criminals on Mexican highways has surged this year, worrying the local auto industry as exports and sales recover from last year's recession.
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