MEXICO CITY-- Mexican telecommunications company America Movil says its profits rose 6.6 percent in the third quarter from the same period last year, reaching 30.6 billion pesos. America Movil also expanded its cellphone customer base. America Movil SA is Latin America's biggest telecom company.
The media company, which publishes its namesake newspaper and the Boston Globe, earned $2.3 million, or 2 cents per share, in the July-September period. In the year-ago quarter, the Times Co. booked a one-time gain of $37.8 million, or 24 cents per share, from the sale of its stake in the Red Sox and other sports holdings.
MEXICO CITY, Oct 25- Mexico's main competition watchdog said on Thursday it had started an investigation into possible monopolistic practices in the country's mobile phone market, which is dominated by tycoon Carlos Slim. Slim's mobile phone company America Movil has about 70 percent of Mexico's market.
A new form of radical centrist politics is needed to tackle inequality without hurting economic growth.
The Fast Money traders weigh in on the trade before Friday's jobs report; the play on mid-day market movers; and Mexican business magnate, Carlos Slim increases his stake in the New York Times.
In the two decades that Carlos Slim Helú has turned a crumbling Mexican phone monopoly into a continental telecom giant, he has successfully fought off competitors and challenged authorities who wanted to limit his companies’ control. But over the last few weeks, a series of developments is threatening to chip away at Mr. Slim’s dominance. The New York Times reports.
No signs of agreement on the Federal budget, Southwest managing safety concerns, and Japan still wrestling with its troubled reactors. Here's what we're watching...
Financials in focus, trading on Twitter and the rich list. Here's some of what we’re watching — and therefore you should as well.