Dave's Feed
Apr 25, 2012

Mexico starts investigation in Wal-Mart bribery case

MEXICO CITY (Reuters) – Mexico’s federal comptroller’s office said on Wednesday it would open an investigation into allegations that the Mexican unit of Wal-Mart Stores Inc bribed officials to expand its business in Mexico.

The office said it has begun checking the federal paperwork and permits Wal-Mart de Mexico, known as Walmex, obtained to open and operate its stores in Mexico.

Apr 23, 2012

Wal-Mart probe lifts lid on culture of bribery in Mexico

MEXICO CITY (Reuters) – Whether you are the world’s No. 1 retailer or a humble street vendor, paying public officials a bribe may be the quickest way to get your business growing in Mexico.

The New York Times reported this weekend that Wal-Mart Stores Inc investigators probing its Mexican operations found a paper trail of hundreds of suspect payments worth more than $24 million made to grow its business there, and that the company then quashed the investigation.

Apr 11, 2012

Mexico’s ruling conservatives pump up attacks on rival

MEXICO CITY, April 11 (Reuters) – Mexico’s ruling
conservatives have stepped up attacks on presidential
front-runner Enrique Pena Nieto in an effort to help their
struggling candidate, who is slipping back toward third place.

A new TV spot by the National Action Party, or PAN,
describing Pena Nieto as a “liar” began to circulate just as a
poll showed support for PAN contender Josefina Vazquez Mota
falling to its lowest level since the campaign began.

Apr 9, 2012

Mexico’s Pena Nieto plans new police to fight drug gangs

MEXICO CITY (Reuters) – Mexico’s presidential front-runner Enrique Pena Nieto pledged on Monday to create a new police force made up of former soldiers to fight drug gangs and said ending violence would take priority over battling narcotics trafficking if he wins the election.

Pena Nieto, of the opposition Institutional Revolutionary Party (PRI), is the hot favorite to win the presidency on July 1, a contest that has been dominated by concerns about drug violence and the need to create more jobs in Mexico.

Mar 29, 2012

Analysis: Drug gang menace overshadows Mexican election

MEXICO CITY (Reuters) – A month after taking office, President Felipe Calderon stood in military fatigues before a group of soldiers in western Mexico and pledged to put a stop to drug-related violence.

Turf wars between drug cartels were spreading deep into Mexico, beyond the smuggling hotspots on the U.S. border; extortion was a growing menace, and hitmen had resorted to new levels of brutality, dumping severed heads in public.

Mar 28, 2012

Analysis: Young face promises new dawn for old Mexican party

MEXICO CITY (Reuters) – In his campaign to be Mexico’s next president, Enrique Pena Nieto has struggled to name a single book he has read, upset some women with a sexist remark and had to admit he fathered two children outside marriage.

But none of that has seriously threatened his hopes of winning the election on July 1.

Mar 28, 2012

Young face promises new dawn for old Mexican party

MEXICO CITY (Reuters) – In his campaign to be Mexico’s next president, Enrique Pena Nieto has struggled to name a single book he has read, upset some women with a sexist remark and had to admit he fathered two children outside marriage.

But none of that has seriously threatened his hopes of winning the election on July 1.

Mar 21, 2012

Big earthquake rattles Mexico, no major damage

MEXICO CITY, March 20 (Reuters) – A major earthquake struck
Mexico on Tuesday, unleashing panic as it damaged hundreds of
buildings and caused homes in the capital to bounce like
“trampolines”.

Office workers fled into the street when the 7.4-magnitude
quake shook Mexico City for more than a minute. Cell phone lines
went down, buildings were evacuated, traffic snarled and the
stock exchange had to suspend trading early.

Mar 20, 2012

Big earthquake hits Mexico, no major damage reported

MEXICO CITY, March 20 (Reuters) – A major earthquake struck
Mexico on Tuesday, damaging buildings, scaring residents and
prompting evacuations across the capital, although there were no
early reports of serious damage.

Office buildings shook and office employees fled into the
street when the 7.6-magnitude quake rattled Mexico City. Cell
phone lines went down and traffic snarled in the capital moments
after the quake, which lasted for more than a minute.

Mar 17, 2012

Mexican front-runner eyes quick reforms: aide

MEXICO CITY (Reuters) – A government headed by Mexican presidential front-runner Enrique Pena Nieto would seek to tap foreign capital markets more and push ahead quickly with energy and tax reforms if he wins the July 1 election, his campaign chief said on Friday.

Luis Videgaray, seen by many as a potential finance minister under Pena Nieto, who belongs to the opposition Institutional Revolutionary Party (PRI), told Reuters that his candidate was adamant about the need to boost sluggish domestic lending.