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Business Central America

  • 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.

  • HOUSTON-- Two Texas pilots who were released after being arrested in Panama on suspicion of money laundering arrived home Wednesday in Houston. American Jet International pilots Carl Moody and Kenneth Chonoski were greeted at George Bush Intercontinental Airport by a crowd of family, friends and co-workers that included company CEO Roger Woolsey and U.S.

  • NEW YORK-- Colgate-Palmolive will cut more than 2,310 workers, or 6 percent of its workforce, by the end of 2016 in a push to make the consumer products company more efficient. Consumer product companies like Colgate-Palmolive have increasingly looked outside of the U.S. to sustain growth but that has become problematic in recent years.

  • *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.

  • *Sees strong performance at Meadowbank mine in Canada. Oct 24- Canada's Agnico-Eagle Mines Ltd reported a quarterly profit on record gold production on Wednesday and boosted its output forecast for the year by 5 percent.

  • *Sees no impact from Southern Copper judgment. MEXICO CITY, Oct 24- Mexican copper miner and railroad operator Grupo Mexico reported a third-quarter profit on Wednesday of $311 million, down 54 percent on a double-digit decline in metals prices. Grupo Mexico files results to the Mexican stock exchange in dollars.

  • MEXICO CITY-- Mexican broadcaster Televisa says its profit rose 41.5 percent in the third quarter on the strength of gains from pay-TV subscribers. Grupo Televisa SAB is the world's largest producer of Spanish-language TV programs. It also owns Mexico's biggest television network.

  • MEXICO CITY, Oct 24- Mexican corn miller and tortilla maker Gruma said on Wednesday its third-quarter profit rose 73 percent from the year earlier period, boosted by higher prices. Third-quarter profit rose to 267 million pesos from 154 million pesos a year earlier, when foreign exchange losses hurt earnings.

  • *Sees no impact from Southern Copper judgment. MEXICO CITY, Oct 24- Mexican copper miner and railroad operator Grupo Mexico reported a third-quarter profit on Wednesday of $311 million, down 54 percent on a double-digit fall in metals prices. Grupo Mexico files results to the Mexican stock exchange in dollars.

  • HOUSTON-- Two Texas pilots who were arrested in Panama on suspicion of money laundering headed home for good Wednesday after authorities decided there is no case against them, their employer said. Carl Moody and Kenneth Chonoski were arrested after landing in Panama in May last year.

  • PLANO, Texas-- Dr. Pepper Snapple Group Inc.' s net income climbed 16 percent in the third quarter as the company continued to raise prices. The company, which makes 7 Up, Sunkist, Mott's and other drinks, earned $179 million, or 84 cents per share, for the three months ended Sept. 30. That's up from $154 million, or 71 cents per share, a year ago.

  • NASHVILLE, Tenn.-- German automaker Volkswagen AG is considering the introduction of a new midsize SUV for the North American market, and its existing Tennessee plant is a contender for building it.

  • *Group beer volumes fall in western Europe, rise elsewhere. *Shares down 2.6 pct, among weakest in Europe. BRUSSELS, Oct 24- Heineken NV, the world's third-largest brewer, reported stronger than expected third-quarter group revenue on Wednesday, boosted by U.S. and emerging market strength and price hikes, but investors focused on weakness in Europe.

  • MEXICO CITY-- The number of migrants crossing illegally into the United States from Mexico appears to have risen some in the first half of 2012, while the number of migrants returning to Mexico decreased, a report by U.S. and Mexican researchers said Tuesday.

  • PANAMA CITY-- Panama's president said Wednesday that he is willing to cancel plans to sell state-owned land in a duty-free zone on the Panama Canal following a week of sometimes violent protests in which a 10- year-old boy and two adults died.

  • MADRID, Oct 23- The Spanish subsidiary of Mexico's top cement maker Cemex mulls cutting about one-fifth of its workforce in Spain, a trade union official told Reuters on Tuesday.

  • *Deal positions RBC as a leading auto lender in Canada. TORONTO, Oct 23- Royal Bank of Canada has agreed to buy the Canadian auto finance and deposit arm of Ally Financial Inc in a $4.1 billion deal to expand its vehicle-lending business at a time when loan growth overall is slowing in the country.

  • A four-year boom in U.S. oil production is accelerating so fast it could help soon make the U.S. the world's top producer of oil and liquid hydrocarbons. The U.S. passed Russia this year, and is now second behind Saudi Arabia. Source: U.S. Energy Information Administration.

  • Steve Murdock, former director of the U.S. Census Bureau and ex-state demographer of Texas, said studies are nearly unanimous in concluding that improved education is the key to bolstering earning power _ and thus could reverse the trend.