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.
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.
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.
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 (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.
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.”
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.
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
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.
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.