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Oct 13, 2014

Migrants snared in multi-million dollar kidnap racket on U.S.-Mexico border

REYNOSA Mexico (Reuters) – Tens of thousands of Central American migrants are being kidnapped, abused and extorted by Mexican gangs just yards from the United States in a growing racket that may be worth up to $250 million a year.

Arriving in ragtag border towns like Reynosa, Mexico’s migrant kidnapping capital where police in armored vehicles patrol the streets and daytime shootouts are commonplace, migrants are picked off buses by gangs who federal authorities say are in cahoots with local officials.

Oct 12, 2014

Insight – Migrants snared in multi-million dollar kidnap racket on U.S.: Mexico border

REYNOSA Mexico (Reuters) – Tens of thousands of Central American migrants are being kidnapped, abused and extorted by Mexican gangs just yards from the United States in a growing racket that may be worth up to $250 million a year.

Arriving in ragtag border towns like Reynosa, Mexico’s migrant kidnapping capital where police in armored vehicles patrol the streets and daytime shootouts are commonplace, migrants are picked off buses by gangs who federal authorities say are in cahoots with local officials.

Oct 7, 2014

Mexico tax probe targets evasion; deal near with global firm

MEXICO CITY (Reuters) – Mexican tax authorities are looking to ramp up a tax avoidance probe of major multinationals to scour for evidence of evasion, officials said on Tuesday, adding that they were close to a deal with one firm.

In January, Mexico said it had launched a probe of 270 companies, with a focus on seven, for allegedly exploiting legal tax loopholes that have leaked income out of Mexico for years.

May 15, 2014

Heat fight back to secure Eastern final spot

MIAMI (Reuters) – The Miami Heat fought back from eight points down in the final three minutes to beat the Brooklyn Nets 96-94 and secure a place in the NBA’s Eastern Conference finals for the fourth straight year.

Reigning champions Miami claimed the series 4-1 but for a long time it looked as if they were going to suffer their first home loss of the postseason as Joe Johnson inspired the Nets with a game-high 34 points.

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.

Feb 22, 2014

Mexico captures No.1 drug kingpin ‘Shorty’ Guzman

MEXICO CITY (Reuters) – Mexico’s most wanted man, drugs kingpin Joaquin “Shorty” Guzman, was captured early on Saturday with help from U.S. agencies in a major victory for the government in a long, brutal drugs war.

Guzman, known as “El Chapo” (Shorty) in Spanish, has long run Mexico’s infamous Sinaloa Cartel and over the past decade emerged as one of the world’s most powerful organized crime bosses.

Jan 27, 2014

Vigilantes vs. narcos: a security threat in Mexico badlands

BUENAVISTA, Mexico (Reuters) – Clutching shotguns, rifles and battered submachine guns, dozens of vigilantes prepare to head out on patrol in this rugged corner of restive western Mexico, where they are at war with a drug cartel.

The motley crew of renegades organize themselves into a neat line of pick-ups and luxury SUVs by the side of the road in the hamlet of Buenavista. Moments later, an armored convoy of federal police passes by.

Jan 17, 2014

In lair of Mexico drug boss, vigilantes hold sway

NUEVA ITALIA, Mexico (Reuters) – His AK-47 tossed onto a pristine leather sofa in the plush lair of a leader of one of Mexico’s most feared drug cartels, vigilante fighter “El Love” says he is longing for an end to a grinding cycle of extortion and murder.

Channel-surfing on a plasma TV abandoned by the drug lord fleeing a revolt by farmers fed up with organized crime, the 43-year-old El Love has taken charge of the property, symbolizing a victory over the Caballeros Templarios, or Knights Templar.