Japan's ailing electronics giant, Sony Corp (6758.T), warned investors on Thursday it was heading for a worse-than-expected $2.9 billion annual loss, revealing the daunting task ahead for its incoming chief executive, Kazuo Hirai.
In Costa Rica, about two tons of cocaine worth over six million dollars on the black market have been seized.
The incoming new chief of Japan's Sony Corp will confront the enormity of his task to turn around the business on Thursday, when the humbled electronics icon is expected to show it is headed for its fourth straight annual loss.
The favorite to win Mexico's presidential election this July said on Wednesday the country must favor local investors over foreign competitors in strategic sectors of the economy, including telecommunications.
Mexico's competition watchdog blocked a $1.6 billion telecoms deal that would have linked the empires of two of the country's richest men, sources briefed on the ruling said on Wednesday.
Yum Brand Inc's Taco Bell chain has been linked to a Salmonella outbreak that sickened 68 people in 10 states late last year.
Mexico, where the deadly H1N1 worldwide pandemic began three years ago, has seen a large increase in the number of swine flu cases in 2012
On the same day Born to Die debuted on top, NMA presented Del Rey in animation form.
Sony Corp named Vice President Kazuo Hirai as president and CEO, replacing Howard Stringer who will step down from day-to-day management in a long-expected change for a company struggling to regain its driving force in consumer electronics.
Newt Gingrich unloaded on Mitt Romney in his Florida concession speech after he lost to his Republican rival by 14.5 points Tuesday night.
An ambitious private project to unlock wireless access across Mexico appears to be stuck in a stalemate with the developer and the government unable to agree on terms.
Police seized a motorboat packed with more than a ton of marijuana north of Los Angeles and arrested three Mexican men, the latest seizure as traffickers try to beat tougher border security by taking to the waves, authorities said on Tuesday.
A World Trade Organisation ruling against China's restrictions on raw material exports could force changes to some of its rare earth policies but is unlikely to yield the boost in exports of the metals that consumers want to see.
The illicit drug growers and their crops of marijuana and opium poppies are suffering the worst drought in northern Mexico since the government began keeping records 70 years ago.
Mexicans have been overcharged $13.4 billion a year for phone and internet services as the industry dominated by billionaire Carlos Slim gouges customers and keeps the economy from growing, a study released on Monday said.
China's appeal of a ruling that found restrictions on exports of nine raw materials as breaking global rules has been rejected by World Trade Organization.
With one day to go before the Florida primary, Mitt Romney is widening his lead ahead of Newt Gingrich. And a new USA Today/Gallup poll reveals one reason why: Romney is perceived to be significantly more presidential and more authentic than the former speaker of the House.
The possible release of detained Taliban leaders is likely to join Iran's nuclear ambitions at the top of a busy agenda when the top seven American intelligence chiefs testify before the Congress this week.
China lost an appeal at the World Trade Organization on Monday in a case about its export restrictions on raw materials, a ruling that could make it harder for major commodity exporters to withhold supplies on the global market.
Denver-based Gold Resource Corp. said Monday it produced about 66,125 ounces precious metal gold equivalent last year, of which about 19,900 ounces were produced in the fourth quarter.
The top aftermarket NYSE Losers Friday were: Pharmerica Corp, MGIC Investment, Telefonos de Mexico, K-V Pharmaceutical, Alon USA Energy, Kindred Healthcare, Vitamin Shoppe and FelCor Lodging Trust.
When severe snowstorms prevented life-sustaining fuel supplies from reaching the frozen Alaskan town of Nome, U.S. officials turned to a Russian company for help.
