Mexican mobile phone operator sues IBM for $2.5 billion


NEW YORK - Mexican mobile phone operator Iusacell SA de CV sued IBM Corp on Wednesday, accusing the U.S. technology giant of making fraudulent representations that caused it to lose $2.5 billion in profits.

Mexico state arrests mayor suspected of links to drug gang

MEXICO CITY - Mexican prosecutors have arrested the mayor of a town in the troubled western state of Michoacán on suspicion of collaborating with a violent drug gang.

World, 16 Apr 2014

Mexican ruling party state official held on suspicion of gang links

MEXICO CITY - One of the top ruling party officials in the troubled Mexican state of Michoacan has been held for 40 days while he is investigated for possible links to criminal organizations, the attorney general's office said on Saturday.

World, Mexico Election 05 Apr 2014

Two drug tunnels, with rail systems, found at U.S.-Mexico border

LOS ANGELES - U.S. federal agents have uncovered two drug-smuggling tunnels underneath the U.S.-Mexico border, both surfacing in San Diego-area warehouses and equipped with rail systems for moving contraband, officials said on Friday.

World, U.S. 04 Apr 2014

Citigroup faces criminal probe for fraud at Mexico unit: source

- Federal authorities have opened a criminal investigation into a $400 million fraud involving Citigroup's Mexican unit, according to a person familiar with the matter.

Citigroup faces criminal inquiry for fraud at Mexico unit: NYT

- Federal authorities have opened an investigation into a $400 million fraud involving Citigroup's Mexican unit, the New York Times reported, citing people briefed on the matter.

Citigroup uncovered rogue trading in Mexico, fired two bond traders

- Citigroup's Mexican subsidiary Banamex fired two bond traders after uncovering rogue trading last year, two sources close to the matter said, raising fresh questions over what controls the troubled unit had in place to police employees.

01 Apr 2014

Mexico finds 370 abandoned immigrant children

MEXICO CITY - In one week, 370 immigrant children, most of them from Central America, were found abandoned in Mexico, after traffickers promised to take them to the United States but left them to their own devices after being paid thousands of dollars, authorities said.

World, 29 Mar 2014

Mexican restaurants in U.S. squeezed by surging lime prices

SAN ANTONIO - Mexican restaurants in the United States are being squeezed by a sudden jump in the price of limes, an essential ingredient, which has led managers in places like San Antonio that are a hotbed for the cuisine to alter recipes.

27 Mar 2014

Mexico telecoms bill has powers to tame Slim, Televisa

MEXICO CITY - Mexico's government on Monday proposed giving a new regulator wide-reaching powers to police the operations of dominant telecommunications companies and TV broadcasters, right down to their prices and discounts.


Three dead in east Ukraine, Putin warns of 'abyss'

MARIUPOL, Ukraine/MOSCOW - Separatists attacked a Ukrainian national guard base overnight and Kiev said three of them were killed, the worst bloodshed yet in a 10-day pro-Russian uprising, accompanied by tough words from Vladimir Putin that overshadowed crisis talks. | Video