Correspondent, Miami
Thomas's Feed
Aug 12, 2015

Slim’s America Movil eyes European fixed-line telcos

MEXICO CITY (Reuters) – America Movil is still sniffing out deals in Europe, which could become twice as important for the Mexican telecom company’s revenue base within five years, its chief financial officer said on Wednesday.

Shares of America Movil, which is controlled by the family of billionaire Carlos Slim, are down more than 5 percent this year as it grapples with the prospect of competition from AT&T Inc, tough new regulation in its biggest market, Mexico, as well as likely recession in its second-largest market, Brazil.

Jun 18, 2015

Spain’s Rajoy names new campaign director after election shocks

MADRID (Reuters) – Spanish Prime Minister Mariano Rajoy named a new campaign manager on Thursday in an attempt to recapture the initiative after poor election results last month diminished his authority.

Rajoy, speaking as head of the ruling People’s Party (PP), admitted errors in strategy and said local and regional election results, in which the PP shed 2.5 million votes, had been bad.

May 26, 2015

Mexico eyes sweeteners to boost wholesale mobile network plan

MEXICO CITY, May 26 (Reuters) – Mexico has cut the estimated
investment required for a wholesale mobile broadband network by
almost a third to $7 billion and is considering changes to make
it more attractive to wireless operators, a senior government
official said on Tuesday.

The network, which will have exclusive use of 90 MHz of the
700 MHz band of spectrum, was written into Mexico’s constitution
in 2013 as part of a sector overhaul designed to curb the
dominance of billionaire Carlos Slim’s telecoms company.

May 13, 2015

Ralph Lauren Corp suffers setback in U.S. trademark fight

NEW YORK (Reuters) – Ralph Lauren Corp lost some
ground on Wednesday in its long-running trademark fight with the
United States Polo Association over the use of its logo
depicting a horse-mounted polo player swinging a mallet.

The 2nd U.S. Circuit Court of Appeals in Manhattan ruled
that the Polo Association cannot be held in contempt for selling
sunglasses with a logo similar to the one emblazoned with the
horseman, which is featured on clothing and accessories sold
under the Polo Ralph Lauren brand trademark around the globe.

May 11, 2015

U.S. court reverses sex toy patent ruling

May 11 (Reuters) – A U.S. appeals court on Monday overturned
a ruling barring the import and sale of sex toys made by several
companies that had been found to infringe on a patent held by
Standard Innovation Corp of Canada covering its We-Vibe

A spokesman for the Ottawa-based company said it was
disappointed but confident its patent was still valid.

May 8, 2015

U.S. jury clears HBO of libel in India child labor story

NEW YORK (Reuters) – A U.S. jury cleared HBO of libel claims
on Friday in a lawsuit brought against the Time Warner Inc
subsidiary by a British sporting goods company over a
report linking it to child labor in India.

Mitre Sports International, a unit of the Pentland Group,
sued HBO for defamation in October 2008, after a report called
“Children of Industry” aired on the broadcaster’s news program
“Real Sports with Bryant Gumbel.”

May 1, 2015

NY jury finds ex-Goldman programer Aleynikov guilty of code theft

NEW YORK (Reuters) – A jury on Friday convicted a former Goldman Sachs Group Inc (GS.N: Quote, Profile, Research, Stock Buzz) programer of stealing the investment bank’s high-frequency trading code.

The jury said it had reached a split decision, finding Sergey Aleynikov guilty on only one count of stealing “secret scientific material” from Goldman. They were unable to reach a verdict on another similar count and acquitted Aleynikov on a count of unlawful duplication.

Apr 28, 2015

Judge sets ex-NY Assembly Speaker Silver’s corruption trial for Nov. 2

NEW YORK (Reuters) – Embattled former New York Assembly
Speaker Sheldon Silver, accused by prosecutors of taking
millions of dollars in bribes and kickbacks, will go to trial on
Nov. 2 on a sweeping series of corruption charges.

A federal judge in Manhattan set the trial date on Tuesday
during a hearing in which Silver’s lawyers said he pleaded not
guilty to all charges in a revised indictment unveiled last

Apr 23, 2015

Ex-Jasper Johns aide gets one and a half years in prison for art theft

NEW YORK (Reuters) – A former assistant to American artist Jasper Johns was sentenced to 1-1/2 years in prison on Thursday for scheming to sell 22 unfinished works that he stole from his boss’ studio.

James Meyer, 53, was also ordered by U.S. District Judge Paul Oetken in Manhattan to forfeit and pay restitution totaling more than $17 million after pleading guilty last year to unlawfully transporting art works stolen from Johns.

Apr 22, 2015

Banks seek to block Target’s deal with MasterCard over data breach

By Tom Brown

(Reuters) – A group of small banks and credit unions suing
Target Corp over its massive data breach in 2013 are
moving to block the retailer’s proposed $19 million settlement
with MasterCard Inc, calling it a “sweetheart deal” aimed
at undercutting their own claims for losses.

Lawyers for plaintiffs in the lawsuit, which seeks
class-action status, filed an emergency motion late Tuesday
asking a federal judge in St. Paul, Minnesota, for a preliminary
injunction that would prevent the settlement announced on March
19 from going through.

    • About Thomas

      "Tom Brown joined Reuters in Panama in the late 1980s and wound up back in his native New York, working as a desk editor, after being expelled by Panamanian strongman Manuel Antonio Noriega. A seasoned all-rounder, he has covered financial markets in New York and served as bureau chief in Detroit in addition to postings as a senior correspondent in Latin America. A graduate of City College of New York, Brown often recalls a visit there by veteran New York newspaperman Jimmy Breslin. His advice to would-be reporters was to study anything but journalism. Breslin's point, which still rings true, ..."
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