March 22, 2000 |
The world's richest man and Latin America's wealthiest entrepreneur combined their formidable resources Tuesday to launch a Web portal targeting the exploding Latin American market, where the number of Internet users is expected to double within three years. Microsoft Chairman Bill Gates and Mexico's Carlos Slim Helu formally launched T1MSN, the Latin American version of Microsoft's MSN portal in the United States. The T1 portal for Mexico--http://www.t1msn.
March 23, 2005 |
America Online Latin America Inc., the unprofitable Latin American unit of Time Warner Inc., said it might file for bankruptcy protection because it didn't have enough cash to fund its business beyond September and to pay debt. Fort Lauderdale, Fla.-based AOL Latin America said in a filing with the Securities and Exchange Commission that efforts to raise financing had been futile. AOL Latin America said it was seeking to sell all or part of its business to raise cash.
February 15, 2001 |
America Online Latin America Inc. posted a fiscal second-quarter loss that beat Wall Street's estimates as membership and revenue increased from the preceding quarter. The Internet company also said it had received an additionalx $150 million in financing, with shareholders Cisneros Group and AOL Time Warner Inc. investing about $130 million in preferred stock and Brazil's Banco Itau investing about $20 million in Class A common stock. The Fort Lauderdale, Fla.
August 1, 2000 |
America Online Latin America Inc. may trim the price of its public share sale to persuade investors to buy a stock that combines the volatility of the Internet with the risks of emerging markets. The company, a unit of America Online Inc., had been planning to raise as much as $425 million from investors Monday night. The underwriters now say the sale won't come until today at the earliest.
November 29, 2002 |
Grupo Iusacell and at least six other Latin American companies may be about to lose their listings on U.S. stock markets because of declining share prices. Investor interest in Latin American shares has waned amid currency devaluations, political unrest and a regional economic slump. Losing a listing in the U.S., where the shares trade as American depositary receipts, would shrink a company's pool of shareholders because many U.S.