Correspondent, Miami
Thomas's Feed
Nov 6, 2015

Monsanto to Mexico honey farmers: Our soya seeds not to blame for woes

CHICAGO/MEXICO CITY, Nov 6 (Reuters) – Monsanto Co
on Friday denied that plantings of its genetically modified
soybeans have impacted bees, led to deforestation or caused
damage to the honey production industry in two Mexican states.

Mexico’s Supreme Court on Wednesday blocked a move to allow
the planting of genetically modified soya seeds in the southern
Mexican states of Campeche and Yucatan, arguing that indigenous
communities that had fought the move should be consulted before
it was approved.

Oct 20, 2015

America Movil sees less 2016 investment after surprise loss

MEXICO CITY, Oct 20 (Reuters) – Mexican global
telecommunications company America Movil said on
Tuesday that it plans to cut capital expenditures and
renegotiate with suppliers after it posted its first quarterly
loss in almost 14 years.

Grappling with tougher regulation at home and recession in
Brazil, America Movil on Monday posted a surprise 2.884 billion
peso ($170 million) loss in the third quarter, as a sharp
depreciation in Latin American currencies battered the region’s
biggest pay TV and wireless company.

Oct 20, 2015

America Movil shares sink after first loss in nearly 14 years

MEXICO CITY (Reuters) – Mexican billionaire Carlos Slim’s America Movil (AMXL.MX: Quote, Profile, Research, Stock Buzz) fell sharply in early Tuesday trading after the global telecommunications company reported its first quarterly loss in almost 14 years.

Grappling with tougher regulation at home and recession in Brazil, America Movil on Monday posted a surprise 2.884 billion peso ($170 million) loss in the third quarter, as a sharp depreciation in Latin American currencies battered the region’s biggest pay TV and wireless company.

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
vibrator.

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.

    • 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, ..."
      Joined Reuters:
      1987
      Languages:
      Spanish
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