Dave's Feed
Apr 24, 2014

Mexico’s Slim, Telekom Austria reach ownership deal

VIENNA/MEXICO CITY (Reuters) – Mexico’s Carlos Slim struck an 11th-hour deal on Wednesday with the Austrian government that could give him control of Telekom Austria and allow the multi-billionaire to consolidate his foothold in Europe as he expands outside the Americas.

Slim’s telecoms group, America Movil (AMXL.MX: Quote, Profile, Research, Stock Buzz), agreed to back a 1 billion euro capital increase for Telekom Austria (TELA.VI: Quote, Profile, Research, Stock Buzz) and to pay 7.15 euros a share for the company’s outstanding stock, in a co-ownership deal combining its stake with that of Austrian state holding company OIAG.

Apr 23, 2014

Mexico’s Slim reaches deal for control of Telekom Austria

VIENNA/MEXICO CITY (Reuters) – Mexico’s Carlos Slim struck an 11th-hour deal on Wednesday with the Austrian government that could give him control of Telekom Austria and allow the multi-billionaire to consolidate his foothold in Europe as he expands outside the Americas.

Slim’s telecoms group, America Movil (AMXL.MX: Quote, Profile, Research, Stock Buzz), agreed to back a 1 billion euro capital increase for Telekom Austria (TELA.VI: Quote, Profile, Research, Stock Buzz) and to pay 7.15 euros a share for the company’s outstanding stock, in a co-ownership deal combining its stake with Austrian state holding company OIAG’s holdings.

Apr 21, 2014

Independent Scotland’s last gasp forgotten in Panama jungle

CALEDONIA, Panama (Reuters) – A few years before giving up its independence, Scotland took a bold gamble to secure a brighter future, founding a colony on the isthmus of Panama to corner trade between the Pacific and Atlantic oceans.

The 1698 venture ended in tragedy, helping to push Scotland into political union with England and form the United Kingdom. But had it succeeded, Scots might have no need to vote in the referendum on independence this coming September.

Apr 18, 2014

Powerful earthquake rattles Mexico, shakes buildings

MEXICO CITY (Reuters) – A powerful earthquake struck Mexico on Friday, shaking buildings in the capital and sending people running out into the street, although there were no early reports of major damage.

The magnitude 7.2 quake was centered in the southwestern state of Guerrero, close to the Pacific beach resort of Acapulco, the U.S. Geological Survey (USGS) said.

Mar 20, 2014

Mexico bill to curb Slim’s empire due this week: lawmaker

MEXICO CITY (Reuters) – Mexico will send legislation to Congress this week to flesh out a reform that seeks to curb the power of telecoms mogul Carlos Slim and the country’s top broadcaster, Televisa, a senior lawmaker said on Wednesday.

Slim and Televisa have dominated their industries in Mexico for years, and one aim of the shake-up is to cut their share of the market to below 50 percent.

Mar 10, 2014

Mexico says kills drug kingpin reported dead years ago

MEXICO CITY (Reuters) – A Mexican drug lord who had been falsely reported dead more than three years ago was killed in a shootout with federal forces in western Mexico early on Sunday, the government said.

Nazario Moreno led a powerful criminal gang that has ravaged the western state of Michoacan, and was known as “El Mas Loco,” or “The Craziest One.” He had been reported killed by the government in a firefight in December 2010, but his body was never recovered and he was widely believed to be still alive.

Mar 10, 2014

Mexico kills drug kingpin reported dead years ago: official

MEXICO CITY (Reuters) – A Mexican drug lord who had been reported dead more than three years ago was killed in a shootout with federal forces in western Mexico early on Sunday, a government official said.

Nazario Moreno led a powerful criminal gang that has ravaged the western state of Michoacan, and was known as “El Mas Loco,” or “The Craziest One.”

Mar 9, 2014

‘Dead’ Mexico drug kingpin likely killed in shootout: official

MEXICO CITY (Reuters) – A Mexican drug lord who had been reported dead more than three years ago was likely killed in a shootout with federal forces in western Mexico early on Sunday, a government official said.

Nazario Moreno, a leader of a powerful criminal gang that has ravaged the western state of Michoacan, had been reported killed by the government in a firefight in December 2010. But his body was never recovered and he was widely believed to still be alive.

Feb 28, 2014

Mexican telecoms bill to raise pressure on Slim: draft

MEXICO CITY (Reuters) – Mexico will give its new telecoms regulator sweeping powers to police dominant telecommunications companies, right down to their prices and discounts, according to a draft bill that fleshes out a constitutional reform passed last year.

The spearhead of efforts to curb the power of telecoms mogul Carlos Slim, the Federal Institute for Telecommunications (IFT) will be able to force phone companies to seek approval every year for interconnection and infrastructure-sharing terms, according to a draft of the legislation obtained by Reuters.

Feb 27, 2014

Mexico telco regulator can police dominant firms: drafts

MEXICO CITY (Reuters) – Mexico will give its new telecommunications regulator sweeping powers to police dominant telecommunications companies and TV broadcasters, right down to their prices and discounts, a draft of laws that flesh out a landmark reform passed last year show.

The regulator, IFT, will have sweeping powers to order companies to sell assets, revoke concessions and share networks and infrastructure.