December 27, 2012 |
SACRAMENTO - A prepaid cellular company controlled by Mexican billionaire Carlos Slim is taking fire as it moves to expand in the lucrative California market. TracFone Wireless Inc., which has more than 21 million users in the United States, is the country's biggest player in the fast-growing business of selling low-cost cellphones and prepaid minutes - often to low-income customers. These phones, typically costing users as little as $20 for a phone and 60 minutes of use, appeal to many customers who don't want or can't afford to sign yearlong or multiyear contracts.
December 6, 2012 |
Carlos Slim, the world's richest person, is confronting a mounting backlash that's coming from the same parts of Latin American that made him wealthy. Authorities in several countries are moving to rein in his telecommunications empire. A wave of telecommunications regulation has swept the area in the last four months. Mexico's new president pledged last week to stimulate competition against Slim. In Brazil, institutions that monitor the phone industry are also gaining teeth, while populist politicians in countries such as Argentina and Colombia are spurring rule changes.
March 6, 2012 |
Mexican tycoon Carlos Slim lost nearly $500 million over the weekend but remains the world's richest person. Microsoft Corp. co-founder Bill Gates, who ranks second, closed the gap a bit because he only lost about $100 million. The daily financial gyrations in the net worth of the world's richest people now can be followed like stock prices or baseball standings through the new Bloomberg Billionaires Index. "The index is a dynamic measure of the world's wealthy based on changes in markets, the economy and Bloomberg reporting," the financial news company said.
March 5, 2012 |
Mexican tycoon Carlos Slim lost nearly $500 million over the weekend, but remains the world's richest person. Microsoft co-founder Bill Gates, who ranks second, closed the gap a bit because he only lost about $100 million. The daily financial gyrations of the net worth of the world's richest people now can be followed like stock prices or baseball standings, with the unveiling of the Bloomberg Billionaires Index . "The index is a dynamic measure of the world's wealthy based on changes in markets, the economy and Bloomberg reporting," the financial news company said.
June 19, 2011 |
Mañana Forever Mexico and the Mexicans Jorge G. Castañeda Alfred A. Knopf: 294 pp., $27.95 Mexicans, like their Spanish forebears, love to quote proverbs as a way of underscoring eternal truths and imparting folk wisdom to younger generations. Jorge Castañeda cites one of these popular adages not once, but twice, in his timely, perceptive new book, " Mañana Forever? Mexico and the Mexicans," to illustrate what he believes are some of the cynical, corrupt and backward-looking attitudes that are preventing his countrymen from living up to their vast potential.
March 10, 2011 |
The richest man in the world remains Carlos Slim, according to Forbes magazine's list of billionaires. The number of billionaires increased by 199 in the past year, according to the magazine, but it was the Mexican telecom magnate Slim, who kept the No. 1 spot for the second year by increasing his worth by $20.5 billion to $74 billion. Photos: Some of the richest people in the world Microsoft Corp. co-founder Bill Gates, who is worth $56 billion, is No. 2 on the list.