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Business Mexico

  • MEXICO CITY, Oct 26- Mexico's central bank said it could tighten monetary policy soon if inflation shocks persist, but left the benchmark interest rate unchanged on Friday, as expected.

  • Oct 26- Consumer products maker Newell Rubbermaid Inc said it will cut about 2,000 jobs, or slightly more than 10 percent of its staff, over the next 2-1/ 2 years, joining a slew of U.S. companies trying to counter slowing sales by reducing costs.

  • Oct 26- Consumer products maker Newell Rubbermaid Inc said it will cut about 2,000 jobs, or slightly more than 10 percent of its staff, over the next 2-1/ 2 years, joining a slew of U.S. companies trying to counter slowing sales by reducing costs.

  • MEXICO CITY-- Laughter was a serious matter at a clown convention in the Mexican capital, where hundreds of the performers gathered this week to discover some of the secrets of making people laugh. The most important lesson at the four-day event was the difference between being a simple joker and a top-notch merry-maker.

  • *Dean Foods' Morningstar draws strategic, PE interest. NEW YORK, Oct 25- Dean Foods Co's Morningstar business has attracted takeover interest from Michael Foods and Mexican dairy company Grupo Lala, people familiar with the matter said, in a deal that could be valued in the $1 billion to $1.5 billion range.

  • WASHINGTON, Oct 25- China has lost $3.79 trillion over the past decade in money smuggled out of the country, a massive amount that could weaken its economy and create instability, according to a new report.

  • *Dean Foods' Morningstar draws strategic, PE interest. NEW YORK, Oct 25- Dean Foods Co's Morningstar business has attracted takeover interest from Michael Foods and Mexican dairy company Grupo Lala, people familiar with the matter said, in a deal that could be valued in the $1 billion to $1.5 billion range.

  • MEXICO CITY-- Mexican telecommunications company America Movil says its profits jumped 66.8 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.

  • TORONTO, Oct 25- Goldcorp Inc, the No. 2 Canadian gold miner, reported better-than-expected quarterly results on Thursday, as improved performance at its Red Lake and Penasquito mines led to strong gold and silver sales.

  • 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.

  • *Chevy Trax will enter Brazil next year as import-source. SAO PAULO, Oct 25- General Motors Co plans to bring its new Chevrolet Trax to Brazil in an effort to end the dominance its smaller U.S. rival Ford Motor Co has enjoyed in the small sport utility vehicle segment.

  • *Trade surplus of $437 million is biggest since March. MEXICO CITY, Oct 25- Mexican imports slowed in September, allowing Latin America's number two economy to post its biggest trade surplus in six months but bolstering fears of slower growth. Cars have been a mainstay of Mexico's recent export gains, with Mexico now the fourth-biggest exporter of cars globally.

  • TORONTO, Oct 25- Goldcorp Inc, the No. 2 Canadian gold miner, reported a 48 percent increase in quarterly profit on Thursday, as improved performance at its Red Lake and Penasquito mines led to strong gold and silver sales.

  • *Adjusted EPS 54 cents vs avg estimate 46 cents. Oct 25- Goldcorp Inc, the No. 2 Canadian gold miner, reported a 48 percent increase in quarterly profit on Thursday, as improved performance at its Red Lake and Penasquito mines led to strong gold and silver sales.

  • 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.

  • *Q3 sales fall 19 pct to $6.68 bln vs consensus $6.75 bln. *Core EPS $1.51 vs consensus $1.44; full-year outlook held. LONDON, Oct 25- AstraZeneca's sales slumped by a bigger-than-expected 19 percent in the third quarter, underscoring the challenges confronting the drugmaker's new chief executive, Pascal Soriot.

  • FORT WORTH, Texas-- Cash America, a pawn shop and payday lender, on Thursday reported a big drop in earnings but still beat Wall Street's expectations for the third quarter. Cash America International Inc. makes money from loans to consumers, from service fees and from selling jewelry, electronics and other goods in its pawn shops.

  • CARACAS, Venezuela-- After four election wins, Venezuelan President Hugo Chavez is on track to completing at least 20 years in power, and supporters such as street bookseller Cristina Tovar say they're glad to have him in charge.

  • BEELAHERI, India, Oct 25,- India is shaking up the way it gets billions of welfare dollars to the poor with a plan that could one day reshape the economy and tackle graft keeping millions in poverty, but in one small town a pilot of the new system is proving unpopular.

  • *Q3 sales fall 19 pct to $6.68 bln vs consensus $6.75 bln. Core EPS $1.51 vs consensus $1.44; full-year outlook held. LONDON, Oct 25- AstraZeneca's sales slumped by a bigger-than-expected 19 percent in the third quarter, underscoring the challenges confronting the drugmaker's new chief executive, Pascal Soriot.