mexico

In Juarez, Housing Crisis Is a Symptom of the Drug Wars

In the U.S., a real estate crisis has left some neighborhoods virtually abandoned. But in the border towns of Mexico, most notably Ciudad Juarez, a different disease is causing the same symptoms: the brutal escalation of the war among drug traffickers.

To Topple Toyota, Volkswagen Must Accelerate in the U.S.

VW has set a hefty goal for itself: to displace Toyota as the world's No. 1 car company. The German automaker is actually within reach, thanks mainly to its huge lead in China. To overtake Toyota, however, VW will need to really ramp up sales in the American market.

Will Toyota Build a Second Mexico Plant as Yen Surges?

Toyota may build another factory in Mexico to produce small cars as the world's largest automaker shifts more capacity outside Japan to remain competitive. The yen's strength on world markets is said to be prompting the move.

Carlos Slim Open to Energy Investments Outside Mexico

Carlos Slim, ranked by Forbes as the world%u2019s richest man, said he is open to the possibility of investing in new energy projects outside Mexico. Slim, 70, said that he would consider opportunities in the power sector, Reuters reported.

Will the Export Economy Spark a Currency War?

Countries from Japan to Brazil and Mexico to Malaysia are trying to intervene in currency markets to alter the value of their currency. The widespread dependence on exports is the prime reason for these moves, which can be tricky and even backfire.

Unilever to Buy Alberto Culver for $3.7 Billion

Unilever (UL) agreed to buy beauty care company Alberto Culver Company for $3.7 billion in cash. The deal will make Unilever the world%u2019s leading company in hair conditioning, the second largest in shampoo and the third largest in hair styling, Unilever said in a statement. Alberto Culver had sales of about $1.6 billion for the 12 months ending June 30.

AutoZone Quarterly EPS Jumped to $5.66

AutoZone Inc (AZO) reported diluted earnings per share of $5.66 for the quarter ended Aug. 28, a 27.7% increase from a year earlier. Net sales rose 9.5% from a year earlier to $2.4 billion in the fourth quarter of fiscal 2010, the auto parts company said in a statement. AutoZone opened 80 new stores in the U.S. in the quarter, and 26 new stores in Mexico.

Mexican Coca-Cola Is Finding Sweet Success in the U.S.

The Mexican version -- made with cane sugar instead of high-fructose corn syrup and served in glass bottles rather than plastic -- is making great inroads in the U.S. market. And it's not just Hispanic consumers who are buying.

UPS Launches Marketing Campaign to Promote Logistics Business

Package-delivery company United Parcel Service (UPS) is launching its largest ever marketing campaign to promote its logistic business to small and medium- sized companies looking to export their products. Print, TV and digital-media ads in the U.S., China, Mexico and the UK will promote UPS logistics with the slogan "We [Heart] Logistics" The Wall Street Journal reported.

Illegal Immigration to U.S. Falls Most in Two Decades, Report Says

Illegal immigration flow to the U.S. during the two years ended March 2009 fell by the most in 20 years and dropped about 45% from the two years ended March 2007 because of a combination of a slowing U.S. economy and heightened border patrol, Pew Research Center said in a report released Wednesday.

GM Recalls 243,403 Vehicles for Safety Belt Buckle Problem

General Motors is recalling 243,403 vehicles because of a potential safety problem where safety belts could appear to be properly latched when they are not. The recall affects 2009-2010 models of the Chevrolet Traverse, Buick Enclave, GMC Acadia and Saturn Outlook, GM said today in a statement. Most of the vehicles are in the United States, with several thousand exported vehicles in countries such as Canada and Mexico also affected.

Mexico Delays Drilling Country's Deepest Oil Well

Mexico%u2019s state-owned oil company will delay drilling its deepest-ever well in the Gulf of Mexico while it tests new equipment. Petroleos Mexicanos, known as Pemex, will try out a new exploratory deepwater rig on a prospect that%u2019s 700 meters (2,300 feet) deep, Bloomberg News reported. Once the company is satisfied, the rig will be used to drill the 2,600 meter deep Maximino well by April. That%u2019s five months later than originally scheduled.

When Americans Stop Shopping, the World Suffers

With the U.S. consumer economy in the doldrums, the impact is being felt globally. From China to Germany and Canada to Japan, America's major trading partners are struggling to adapt to a sudden decline in U.S. imports.

Report: U.S. Banks Laundered Mexican Drug Money

A Bloomberg Markets magazine article follows the trail of cocaine and drug money through the Mexican cartels and finds millions of dollars flowed through major U.S. banks, such as Wachovia and Bank of America.

Books@DailyFinance: Turning Scrap into Gold in the Far East

After failing to land a Wall Street job, Stephen Greer sought his fortune in China and found it in the business of scrap metal. He recounts his experiences, and shares some of his hard-won knowledge about developing-world capitalism, in his book "Starting From Scrap: An Entrepreneurial Success Story."

Ciudad Juarez: From Boom Town to Ghost Town?

Once among Mexico's most prosperous cities, Ciudad Juarez has lost 120,000 jobs and 6,000 businesses in two years amid rising drug violence. The problems threaten the city's maquiladoras, or assembly lines, which employ 80% of the city's workforce and represent $1 billion a year in production, much of it destined for export.

Mexico's Carlos Slim Named Richest Man in the World

Mexico's Carlos Slim Helu tops Forbes's annual ranking of the world's richest people, unseating perennial inhabitants Bill Gates and Warren Buffett and becoming the first non-American to top the list since 1997.

A Beacon for U.S. Manufacturing

California's Lunera Lighting is a cutting-edge LED maker that's keeping its production close to home, at a contract manufacturer in the East Bay, near San Francisco. Its reasons for doing so shed light on some forces that could aid other U.S. manufacturers in the race for global competitiveness.

Wal-Mart with a Latin touch

Mexico is one of Wal-Mart's (WMT) largest markets. The retailer has well over 1,000 stores there, so it can claim to be an expert in retail sales in...

Tourist spending plunges in the US

International visits to the United States fell 12 percent in May 2009 from the year before. Those still flying over spent a lot less – only...