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  • Correction: Earns-Controladora Vuela story Friday, 27 Feb 2015 | 3:18 PM ET

    SANTA FE, Mexico— In a Feb. 26 story about Controladora Vuela's results, The Associated Press reported erroneously, in a report generated by Automated Insights using data from Zacks Investment Research, that the company's earnings missed Wall Street expectations. SANTA FE, Mexico— Controladora Vuela Compania de Aviacion SAB. de CV on Wednesday reported...

  • MEXICO CITY, Feb 27- Mexico has approved the auction terms for five shallow water areas containing around 355 million barrels of oil equivalent as part of its Round One tender opening up oil fields to foreign investors, the country's energy regulator said on Friday. Round One includes several fields grouped by basin, with the first batch of 14 contracts approved...

  • MEXICO CITY, Feb 27- Mexico has approved the auction terms for five shallow water areas containing around 355 million barrels of oil equivalent as part of its Round One tender opening up oil fields to foreign investors, the country's energy regulator said on Friday. Round One includes several fields grouped by basin, with the first batch of 14 contracts approved...

  • The company, which co-owns Coke bottler Coca-Cola Femsa and operates the Oxxo chain of convenience stores, reported a profit of 7.254 billion pesos, compared to 4.988 billion pesos in the year-earlier period. Revenue was flat at 70.156 billion pesos, partly reflecting a negative foreign exchange impact from Coca-Cola Femsa's business in Venezuela.

  • Flights again affected as Mexican volcano spews ash Thursday, 26 Feb 2015 | 11:30 AM ET

    MEXICO CITY— The Popocatepetl volcano east of Mexico City has been spewing ash into the sky, forcing cancellation of flights at the nearby Puebla International Airport for a second consecutive day. The government's airport oversight agency says through its Twitter account Thursday that flights to Monterrey, Houston, Guadalajara, as well as inbound flights...

  • The company, which co-owns Coke bottler Coca-Cola Femsa and operates the Oxxo chain of convenience stores, reported a profit of 7.254 billion pesos, compared to 4.988 billion pesos in the year-earlier period. Revenue was flat at 70.156 billion pesos, partly reflecting a negative foreign exchange impact from Coca-Cola Femsa's business in Venezuela.

  • Controladora Vuela misses 4Q profit forecasts Thursday, 26 Feb 2015 | 6:42 AM ET

    SANTA FE, Mexico _ Controladora Vuela Compania de Aviacion SAB. de CV on Thursday reported fourth-quarter net income of $48 million, after reporting a loss in the same period a year earlier. On a per-share basis, the Santa Fe, Mexico- based company said it had net income of 47 cents. The average estimate of analysts surveyed by Zacks Investment Research was for...

  • MEXICO CITY— The full-page ad in Mexico's national newspapers was unusual, if not unprecedented: 20 powerful business groups and think tanks publicly scolding the government for not doing its job. The public criticism by Mexico's business community underlines the eroding support for President Enrique Pena Nieto's administration as he enters the third...

  • NEW YORK, Feb 25- Citigroup Inc said additional government authorities have started probes of possible breaches of anti-money laundering laws at its Banamex USA unit. Treasury, and the California Department of Business Oversight have asked the company for information on its compliance with the Bank Secrecy Act and anti-money laundering rules, Citigroup...

  • Oil boom's end threatens pain for much of Latin America Wednesday, 25 Feb 2015 | 12:07 AM ET

    PUERTO GAITAN, Colombia— Soaring oil prices the past decade transformed this rural backwater into Colombia's richest city as nearby fields pumped black gold, drawing new businesses, international pop stars and vanity art projects such as the biblical-themed arch that towers over these sweltering grasslands. "Things are going badly but we haven't touched...

  • MEXICO CITY, Feb 23- Mexico has reached deals totaling around $300 million with two multinational companies following a probe into possible tax avoidance, the head of Mexico's tax authority said on Monday. In September, Reuters revealed that two companies at the heart of the probe were world No. 2 toymaker Hasbro Inc and No. 1 household product maker Procter&...

  • BRASILIA, Feb 20- Brazil and Mexico said on Friday they advanced in talks over a soon-to-expire auto treaty that establishes a quota for trading light vehicles free of tariffs and their negotiators will meet again on Feb. 27 in Mexico City. The deal that allows Mexico and Brazil to sell each other up to $1.64 billion worth of vehicles a year duty-free- exports above...

  • Mexico reports 2.1 pct economic growth in 2014 Friday, 20 Feb 2015 | 12:33 PM ET

    MEXICO CITY— Mexico's economy grew 2.1 percent in 2014 on the strength of improved performance toward the end of the year, the government's National Statistics Institute reported Friday. The announcement came amid concerns that Mexico's economy could suffer this year if global prices remain low for oil, which the country relies on for about a third of its...

  • MEXICO CITY— Protests in the southern state of Guerrero around the disappearance of 43 students have meant regular blockades and attacks and robberies of vehicles delivering everything from milk to snacks in recent months. A teachers' union group maintaining a sit-in in Chilpancingo and whose members participated in the confrontation at the Coca-Cola...

  • Mexico's central bank lowers growth forecast Wednesday, 18 Feb 2015 | 3:50 PM ET

    MEXICO CITY— Mexico's central bank reduced its growth forecast for the economy citing a "less favorable" environment due to the drop in oil prices and a potential cut in oil production. The Bank of Mexico estimated that the gross domestic product could grow between 2.5 percent and 3.5 percent in 2015, a reduction from its earlier forecast of between 3 percent and...

  • Mexico puts some deep-water oil on hold amid crude's slide Wednesday, 18 Feb 2015 | 12:30 PM ET

    MEXICO CITY— Mexico's state-run oil concern is postponing some deep-water exploration projects in response to a steep drop in global crude prices, the company's director said Wednesday. The announcement was the latest bad news for Mexico's oil sector, which has been hit by crude prices' slide to a near-six-year low in January, even as the country embarks on...

  • Fact sheet: 2015 VW Jetta Wednesday, 18 Feb 2015 | 10:48 AM ET

    2015 Volkswagen Jetta TDI SEL automatic. BASE PRICE: $17,325 for base 2.0 L S manual; $18,425 for base 2.0 L S automatic; $18,995 for 1.8 T SE manual; $20,095 for 1.8 T SE auto; $20,895 for 1.8 T Sport manual; $21,640 for TDI S manual; $21,995 for 1.8 T auto; $22,740 for TDI S auto; $25,380 for 1.8 T SEL; $26,410 for TDI SEL manual; $27,510 for TDI SEL auto. OPTIONS: Driver...

  • MEXICO CITY— The U.S. ambassador to Mexico has condemned attacks on journalists in the country and says it is the government's responsibility to ensure they are protected. Ambassador Anthony Wayne said in a statement late Tuesday that he met recently with journalists and the governor from the Gulf Coast state of Veracruz at which he emphasized freedom of...

  • MEXICO CITY— Slammed by a 70 percent increase in illegal pipeline taps in one year, Mexico's state oil company announced Tuesday that it will no longer ship finished, usable gasoline or diesel through its network of ducts. Analysts said it was a striking admission of Mexico's inability to stop the fuel thefts, in which thieves drill into pipelines operated by...

  • "Customers are still at risk," said Sergey Golovanov, a researcher at the Russian cybersecurity firm Kaspersky Lab that released the report. Doug Johnson, senior vice president at the American Bankers Association, said there's no evidence that any U.S. bank has been a victim of this particular breach. Still, the report found that some of the proceeds were deposited...