South/Central America
Telefonica struggles to expand due to Colombian government
The Colombian government is halting any progress by telecom company Telefonica. (Photo : Reuters)The image is a billboard of Telefonica SA. The government of Colombia is hindering Telefonica SA (TEF) from pursuing expansion in the country said the company's Latin American executive.
Carlos Slim unfazed by new Mexican Law aimed towards communications companies
Investors aren't so sure as to the direct outcome of Mexico's new law toward communication companies.
JBS buys Seara Brasil and Zenda from its rival Marfrig
Marfrig gets rid of it $6.1 billion debt burden, through JBS buy-out. (Photo : REUTERS)JBS employee Seara Brasil and Zenda, Marfrig's subsidiaries are sold to its rival JBS.
Wal-mart execs get negative votes from shareholders
Wal-Mart CEO Michael Duke is under fire after allegations of bribery of the Mexican government. (Photo : Reuters)Wal-Mart Stores Inc, which is facing bribery investigations by the U.