Business Mexico

  • HONG KONG, Oct 9- Nobel laureate Shinya Yamanaka warned patients on Tuesday about unproven "stem cell therapies" offered at clinics and hospitals in a growing number of countries, saying they were highly risky.

  • DES MOINES, Iowa-- Principal Financial Group Inc. said Monday that it is buying AFP Cuprum S.A., a pension manager in Chile, for roughly $1.51 billion. Principal Financial said the deal will add to its existing business in Brazil, Chile and Mexico, to give the company an even larger presence in those emerging markets.

  • SEATTLE-- Alaska Airlines operations slowly were returning to normal Monday afternoon after a fiber-optic outage shut down its ticketing system for five hours, cancelling flights in Seattle and Los Angeles and causing delays across the airline's 64- airport network.

  • SEATTLE-- Alaska Airlines has fixed the computer problem that delayed flights Monday across its 64- airport network on the West Coast and in Mexico and Canada, and operations slowly were returning to normal. Alaska Airlines said the data connection was restored before 1 p.m. but passengers could still expect some delays as the system adjusted.

  • SEATTLE-- Alaska Airlines says its computer connections have been restored, and operations are returning to normal at its airport gates. The problem started just before 8 a.m. Monday when the airline lost its connection to the Sabre reservation system because of two cut Sprint fiber optic lines.

  • The failure has caused delays at the Seattle- based airline's entire network of 64 destinations, which also includes airports in Alaska, Mexico and Canada. Alaska Airlines has an average of 436 flights a day.

  • DETROIT, Oct 8- Chrysler will introduce on Friday a new set of television commercials to promote the rollout of its redesigned primary pickup truck, the Ram Truck 1500, which appears at U.S. dealerships this month.

  • Citi Research analyst P.J. Juvekar said that could lead to more U.S. natural gas being exported to Mexico. Natural gas futures fell 2 cents to $3.38 per 1,000 cubic feet in morning trading Monday. That could affect North American producers like CF Industries Holdings Inc. and Agrium Inc..

  • Oct 5- Newfield Exploration Co:. *Closes on sale of Gulf of Mexico assets. related to storms in Gulf of Mexico.

  • MEXICO CITY-- Mexico's state-owned oil company reports it has found possible reserves of as much as 125 million barrels of oil at a deep-water well in the Gulf of Mexico. It notes that if proven, that would double Mexico's current proven reserves. President Felipe Calderon announced the discovery Friday.

  • BUENOS AIRES, Argentina-- South American engineers are trying to tackle one of the continent's greatest natural challenges: the towering Andes mountain chain that creates a costly physical barrier for nations ever-more-dependent on trade with Asia.

  • The Nasdaq Composite Index added 8.92 points, or 0.28 percent, to 3,158.38. **PRIMERO MINING CORP, $7.70, up 42.75 pct. The ruling confirms that Primero can record silver revenue and taxes from its San Dimas gold mine in Durango state at the realized silver price rather than the spot price.

  • NEW YORK-- U.S. shares of Primero Mining Corp. surged more than 30 percent Friday after the company got a favorable tax ruling from Mexican authorities.

  • GUATEMALA CITY-- At least six people were killed and 30 were shot in a clash between security forces and protesters opposed to high energy prices in Guatemala. "Thirty people arrived to the hospital with shot wounds and another four were intoxicated with tear gas," said Deputy Health Minister Marco Vinicio Arevalo.

  • Oct 5- Mexico has increased the size of a catastrophe bond issued by MultiCat Mexico Ltd to protect the country in the event of earthquakes and hurricanes during marketing, while reducing pricing from the original guidance due to strong investor demand.

  • U.S. stocks rose at the open with the S&P 500 set to hit its highest since 2007, as the September payrolls report showed a surprise drop in the jobless rate and gave legs to this week's rally. The Nasdaq Composite Index increased 12.47 points, or 0.40 percent, to 3,161.93. **PRIMERO MINING CORP, $7.70, up 42.75 pct.

  • U.S. stocks rose at the open with the S&P 500 set to hit its highest since 2007, as the September payrolls report showed a surprise drop in the jobless rate and gave legs to this week's rally. The Nasdaq Composite Index increased 12.47 points, or 0.40 percent, to 3,161.93. **PRIMERO MINING CORP, $7.70, up 42.75 pct.

  • NEW YORK, Oct 5- The U.S. unemployment rate dropped to a near four-year low of 7.8 percent in September, a potential boost to President Barack Obama's re-election bid. RUSSELL PRICE, SENIOR ECONOMIST, AMERIPRISE FINANCIAL, DETROIT. ECONOMIST, RBC CAPITAL MARKETS, NEW YORK.

  • NEW YORK, Oct 5- The U.S. unemployment rate dropped to a near four-year low of 7.8 percent in September, a potential boost to President Barack Obama's re-election bid. STORY: TABLE GRAPHIC: COMMENTS: JOHN KILDUFF, PARTNER, AGAIN CAPITAL LLC, NEW YORK. RON FLORANCE, MANAGING DIRECTOR OF INVESTMENT STRATEGY FOR WELLS FARGO PRIVATE BANK BASED IN SCOTTSDALE, ARIZONA.

  • NEW YORK, Oct 5- The U.S. unemployment rate dropped to a near four-year low of 7.8 percent in September, a potential boost to President Barack Obama's re-election bid. RON FLORANCE, MANAGING DIRECTOR OF INVESTMENT STRATEGY FOR WELLS FARGO PRIVATE BANK BASED IN SCOTTSDALE, ARIZONA. "It's a little confusing, to be honest with you.