MEXICO

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Mexico to use huge drug cash haul for addict rehab

Mexico will use $206 million confiscated in what officials call the world's biggest drug cash seizure to fund programs for addicts and strengthen the justice system, the government said on Thursday.

Young keep it simple in high-tech world: survey

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While young people embrace the Web with real or virtual friends and their cell phone is never far away, relatively few like technology and those that do tend to be in Brazil, India and China, according to a survey.
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Illegal immigrants to get ID cards in Connecticut

As many U.S. cities and states arrest illegal immigrants in raids and toughen laws against them, a Connecticut city is offering to validate them under a controversial, first-in-the-nation ID card program.
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VW mulls N. America plant due to dollar weakness

Volkswagen, the world's fourth-largest carmaker, is considering building a new North American factory if the dollar stays weak, Chief Executive Martin Winterkorn said in an interview with German magazine Focus.
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Hershey to Cut 1,500 Jobs, Open Mexico Facility

Candy maker Hershey Co. (NYSE: HSY) said Thursday it will cut one third of its production lines and eliminate 1,500 jobs over the next three years, or about 12 percent of its workforce, after its most recent quarterly results came in below expectations.
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Nigeria Riskiest for Online Retail Fraud: Survey

Nigeria continues to rank as the riskiest country to do business with over the Internet a new survey released Wednesday shows, with New York identified as the riskiest city in North America.
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Yahoo to Create Digital Time-Capsule

Internet search giant Yahoo Inc. is creating an electronic time-capsule - comprising electronic data submitted from internet users - which the company will use to commemorate the year of 2006.
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Pepsi Bottling 3Q Profit Rises

Pepsi Bottling Group Inc., the largest bottler of Pepsi drinks, on Tuesday said quarterly net profit rose about 1 percent, helped by strong sales in Europe, and raised the bottom end of its full-year earnings forecast. Pepsi Bottling said net income increased to $207 million, or 86 cents per share, for the third quarter ended September 9, from $205 million, or 82 cents per share, a year ago.
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Japan's Olympic Commission Appoints Director

The Japanese Olympic Commission (JOC) will appoint Tokyo Governor Shintaro Ishihara as the director-general of Tokyo Olympic Bidding Committee for the 2016 Summer Games, the commission said on Friday.
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FTSE 100 falls on U.S. growth worries

The FTSE 100 fell on Friday, with Wall Street seen extending losses after a Philadelphia Federal Reserve survey sparked concerns over U.S. growth and corporate profitability
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IMF and World Bank to pursue internal reforms

As the International Monetary Fund embarks on a second round of reforms to give developing countries more say in the institution, the World Bank signalled on Wednesday that it was ready to go the same route.
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Boeing wins border security contract: report

Defense giant Boeing Co. has won a $2.1 billion contract to help the Department of Homeland Security beef up security along more than 7,500 miles of U.S. borders with Mexico and Canada, The Washington Post reported.
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IMF to pursue internal reforms, World Bank to follow

An agreement to boost the voting power of emerging nations in the International Monetary Fund is just the start of a difficult process, the IMF's head said on Wednesday, as the World Bank signaled it was ready to go the same route.
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Trade Reps Support D.C. to Beijing Direct Flight

Former US trade representatives have urged the Department of Transportation to accept United Airlines' proposal to connect Washington D.C. and Beijing through direct commercial flights for the first time.
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Survey: Chile Most Sustainable Latin American Nation

Chile has been ranked as Latin America's most sustainable and ethical nation according to a study of more than 50 economic, social, corruption, legal, political and environmental indicators, which compare eight major Latin American countries.

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