Bloomberg – Telefonica is open to deals and agreements with rivals including AT&T Inc. in Mexico to help bolster growth in Latin America’s second-largest economy, a company executive said.
Sentido Comun / Reuters – Grupo Comercial Chedraui, Mexico’s third ranking supermarket chain, defended itself against allegations by the civil organization Project Organization, Development, Education and Research (Power) that its is selling food products whose expiration date had expired.
CCNEXPANSIÓN – Five years after Mexicana flew its last flight, neither the sale of the property nor action covering its debt with its creditors, including its workers, has been resolved.
Reuters – America Movil is facing a Mexico regulatory probe into whether its fixed-line unit Telmex violated the terms of its concession, and whether it broke the law, dealing a blow to its television ambitions at home.
Bloomberg – Mexico’s Ricardo Salinas, whose deals propelled him to a net worth of $10.2 billion at the close of last year, is now watching his finances go into free fall. And that was before Monday’s global market turmoil.
WSJ – Months after acquiring two Mexican mobile-phone companies for around $4.4 billion, U.S. telecommunications giant AT&T Inc. is beginning to rebrand its services in the country, a process that should take through the end of next year, company officials said Monday.
Business Wire – Earth Ocean Farms, a leader in marine finfish aquaculture in Mexico, has been awarded a commercial ocean concession of 343 hectares in Baja California Sur as a part of Mexico’s policy of producing sustainably farmed fish.
Sentido Comun – Pioneer Power Solutions, a producer of equipment for the energy industry, will move operations from Farnham, Quebec, to a new factory near its existing plant in Reynosa,, to consolidate the manufacture of dry transformers.
World Cement – Cemex has been included in Fortune’s Change the World list, a ranking that recognizes 50 companies worldwide that have made a sizeable impact on major global social or environmental problems as part of their competitive strategy.
Sentido Comun – Henniges Automotive, a supplier of parts for the automotive industry, has started construction of its new manufacturing center in Gomez Palacio, Durango, its fourth in Mexico.
Reuters – America Movil said it removed roaming charges on calls to and data in the United States for 40 million Mexican prepay clients as it gears up to prevent new rival AT&T Inc. stealing market share on its home turf.
Sentido Comun – Fomento Economico Mexicano (Femsa) has acquired a 60 percent interest in Chili’s Socofar Group, a company operating pharmacies and beauty stores throughout South America.
Sentido Comun – Vitro said it will invest $85 million to build a new flat glass furnace, which will begin operations in 2017. It will be in addition to the three furnaces the company has in Monterrey.
Sentido Comun -The CEO of Empresas ICA, after the company’s stock fell to its lowest level in 12 years, said he has confidence in the future of the company, despite the poor results recorded in the second quarter.
Sentido Comun – Cemex, the third cement maker in the world, announced that it sold its operations in Croatia, Austria and Hungary by 391 million euros to be made of resources and continue with its strategy of reducing its debt to recover the lost investment grade for more than five years.
Notimex – Petroleos Mexicanos (Pemex) and the Union of Oil Workers of the Mexican Republic have agreed to extend labor negotiations for a 2015-2017 contract for a month.
Reuters – A new partnership between U.S.-based power company AES Corp. and Mexico’s Grupo Bal launched on Monday will invest up to $2.5 billion over the next five years mostly in Mexico’s newly opened power sector.
Business Journals – More than 700 Extra convenience stores in Mexico will be rebranded under the Circle K name under a deal with Comercializadora Circulo CCK, which already has deal with Couche Tard to run or license out 275 Circle Ks. The new deal will grow that to 1,100 Circle Ks in Mexico by 2017 and 2,400 or more by 2030.
Reuters – Global commodities trader Cargill will unveil a $7.25 billion business plan for Mexico for 2015-2018, which includes financing for agriculture, crop purchases and $167 million in direct foreign investment.
Reuters – Spain’s Abengoa has won a contract worth $17.3 million from the Mexican Federal Electricity Commission to engineer and construct a new 21.1 kilometre transmission network in Chihuahua,