Dave's Feed
Dec 5, 2012

Plaintiff in Mexico Yahoo case says open to settlement

MEXICO CITY (Reuters) – A plaintiff in a case against Yahoo Inc (YHOO.O: Quote, Profile, Research, Stock Buzz) in which a Mexico City civil court made a $2.7 billion preliminary judgment against the U.S. firm said on Wednesday he and his partners were willing to accept a legal settlement for less.

The ruling by the 49th Civil Court of the Federal District of Mexico City, which was issued on Friday and perplexed the tech world, involves allegations of breach of contract related to an online yellow pages listings service, according to Yahoo.

Dec 2, 2012

Mexico’s Pena Nieto takes power vowing to end violence

MEXICO CITY (Reuters) – Enrique Pena Nieto took over as Mexico’s president on Saturday, promising to end years of violence and sluggish economic growth, and giving the party that shaped modern Mexico a shot at redemption after 12 years out of office.

The 46-year-old Pena Nieto said the people had been let down since his centrist Institutional Revolutionary Party, or PRI, fell from power in 2000, and pledged a raft of changes to boost growth, create jobs and fight poverty.

Dec 1, 2012

Mexico’s Pena Nieto takes power, begins new era for old ruling party

MEXICO CITY (Reuters) – Enrique Pena Nieto takes over as Mexican president on Saturday, offering a shot at redemption for the party that shaped modern Mexico if he can bring about an end to years of violence and economic underperformance.

Returning the centrist Institutional Revolutionary Party, or PRI, to power after a 12-year hiatus, the 46-year-old Pena Nieto aims to use a recent improvement in the economy’s fortunes to spark faster growth.

Dec 1, 2012

Mexico’s Pena Nieto picks close aides for top Cabinet jobs

MEXICO CITY (Reuters) – Mexico’s incoming president, Enrique Pena Nieto, picked close allies on Friday to head the finance and interior ministries as he seeks to craft economic reforms and reduce drug violence in Latin America’s second-biggest economy.

Right-hand man Luis Videgaray will take on the Finance Ministry, while Pena Nieto’s close political ally Miguel Angel Osorio Chong will oversee a more powerful Interior Ministry that will be responsible for security in the new government.

Nov 30, 2012

Mexico’s Pena Nieto appoints top aides to major Cabinet posts

MEXICO CITY (Reuters) – Mexico’s incoming president, Enrique Pena Nieto, on Friday named close allies to head the important finance and interior ministries as he seeks to spur growth and reduce drug-related violence in Latin America’s second-biggest economy.

Right-hand man Luis Videgaray will take on the Finance Ministry, while Pena Nieto’s close political ally Miguel Angel Osorio Chong will oversee a strengthened Interior Ministry that will be responsible for security in the new government.

Nov 28, 2012

Mexico’s drug war bright spot hides dark underbelly

CIUDAD JUAREZ, Mexico (Reuters) – Inside a notorious Mexican prison where armed convicts used to roam freely, selling drugs and deciding who was allowed in, the state is in control again. Prisoners are back in their cells and the once overcrowded complex sparkles with cleanliness.

But outside on the dusty streets of Ciudad Juarez, store owners lock themselves behind their doors, fearful of police and carefully vetting customers to avoid becoming the next victims of still rampant crime.

Nov 8, 2012

Ally of Mexico’s Pena Nieto backs export of marijuana

CHIHUAHUA, Mexico (Reuters) – Mexico should legalize the export of marijuana after voters in two U.S. states opted to allow possession and sale of the drug for recreational use, an ally of incoming Mexican President Enrique Pena Nieto said.

Cesar Duarte, governor of Chihuahua, one of the Mexican states worst hit by drugs violence, said the decision on Tuesday by voters in the U.S. states of Colorado and Washington offered a “very clear” hint for Mexico on how to approach marijuana.

Nov 7, 2012

Romney’s Mexican cousins lament U.S. election loss

COLONIA JUAREZ, Mexico, Nov 6 (Reuters) – In a verdant oasis
in the deserts of northern Mexico, Republican challenger Mitt
Romney’s Mormon cousins mourned his presidential election defeat
on Tuesday as a lost opportunity to pull the U.S. economy out of
the doldrums.

Romney’s relatives in Mexico, whom he has never visited, had
high hopes their clan’s most famous son would win the keys to
the White House, create jobs and boost trade.

Nov 7, 2012

Romney’s Mexican cousins rooting for him in U.S. election

COLONIA JUAREZ, Nov 6 (Reuters) – In a lush desert oasis in
northern Mexico that Republican challenger Mitt Romney has never
visited, his Mormon cousins are praying he will win the keys to
the White House – and once in the door, rethink his immigration
policies.

Kent Romney, 67, a fruit grower and distributor of
fruit-packing supplies, said as Americans voted on Tuesday that
his second cousin Mitt would make a good president.

Oct 29, 2012

Mexican city battered by drug gangs feels lure of truce

TORREON, Mexico (Reuters) – In a five-year struggle with Mexico’s most notorious drug cartel, the city of Torreon has suffered a 16-fold increase in murders, fired its police department and lost control of its main prison to the gang.

The Zetas cartel arrived in Torreon in mid-2007, and this center of manufacturing, mining and farming once seen as a model for progress has become one of Mexico’s most dangerous cities.