CoinTelegraph – 7-Eleven Mexico unveiled its latest marketing initiative “Big Coins,” a loyalty program that is taking the form of a “virtual social currency.” Customers will be rewarded with the virtual currency “simply by logging into [the company’s] social blog,” reading, sharing or commenting on 7-Eleven’s products pages and such.
Reuters – Mexico’s Cemex said it had so far earmarked around $100 million worth of assets of the roughly $1 billion to $1.5 billion it is looking to divest.
Reuters – Asset manager BlackRock and U.S. private equity firm First Reserve have taken a joint stake worth around $900 million in the second phase of Mexico pipeline project Los Ramones. The pipeline will eventually run from the U.S.-Mexico border to central Mexico.
Sentido Comun – Grupo Comercial Chedraui faces a labor dispute for alleged mistreatment of workers and for alleged unsanitary conditions at its stores in the United States.
Sentido Comun – Fibra Inn announced the suspension of plans to build a Fairfield Inn & Suites by Marriot hotel in Ciudad del Carmen because the impact the drop in oil prices has had on the area’s economic activity.
Sentido Comun – Santa Fe Hotel Group agreed to buy a new hotel north of Mexico City and will spend 305 million pesos ($20.1 million) to buy and renovate the property, which will be renamed Krystal Satellite Maria Barbara.
Reuters – BlackRock Inc, the world’s largest asset manager, is looking to invest in infrastructure projects in Mexico, according to sources familiar with the situation.
AP – An arson attack on a subsidiary of a U.S. energy-services firm was part of an extortion attempt, prosecutors in Tabasco said Wednesday. Five attackers forced their way into the company’s yard and burned three trucks.
Sentido Comun – Grupo Empresarial Angeles, the health, finance, communications and tourism business conglomerate of the Vazquez Rana family, said its subsidiary Real Group Tourism, or TSO, will invest $220 million to open four new hotels in Mexico in the next two years.
Sentido Comun -Ferromex and Ferrosur, railway companies controlled by Grupo Mexico, acquired 34 locomotives for $80.65 million (1,130 million pesos) to strengthen and expand its driving capacity.
Palm Beach Post – BurgerFi, a fast casual restaurant headquartered in North Palm Beach, is expanding into Mexico in its first international development agreement. In a deal with EFIT, 40 restaurants are planned for Mexico City and the surrounding areas over the next five to seven years,
WSJ – Caterpillar Inc. plans to eliminate 230 jobs at a plant in Joliet, Ill., where workers went on strike in 2012 for more than three months, and move production of oil pumps and valves to one of its plants in Monterrey.
Sentdio Comun – Holcim, the Mexican subsidiary of the Swiss cement producer, has invested five million pesos ($334,448) to reduce by 14 percent its water consumption this year in its factories.
Economiahoy – Retailer Comercial Mexicana has made prepayment of a syndicated loan of 1,500 million pesos ($101.6 million) dating from November 2012, removing the company’s debt.
Sentido Comun -The 443 Starbucks stores throughout Mexico want to be more than a purveyor of coffee and tea drinks. They want to sell more food, which currently represents 20 percent of sales.
Sentido Comun – Genomma Lab Internacional has re-extended and expanded its strategic partnership with US retailer, Walgreens, so that more of its products reach more markets.
Sentido Comun – The Mexican Coca-Cola Industry, which includes nine bottlers, said it reached a milestone in environmental and sustainability matters by replenishing 100 percent of the water used in its soft drinks.
Reuters – Mexican bank Grupo Financiero Banorte expects to set up a $3 billion infrastructure fund in the next few months with a North American partner, CEO Jose Marcos Ramirez said. He declined to say who the North American partner would be.
Reuters – Pemex is set to launch its first-ever sales of gasoline mixed with cleaner-burning ethanol to reduce greenhouse gas emissions. Pemex has awarded contracts to be supplied with locally-produced sugar cane and sorghum.
Sentido Comun – Acon Latam Holdings invested in certain subsidiaries of Betterware of Mexico, a subsidiary of a British household products company.