YOU ARE HERE: LAT HomeCollectionsCarlos Slim

Carlos Slim

June 27, 2003 | From Bloomberg News
Circuit City Stores Inc. said Mexican billionaire Carlos Slim made a $1.5-billion buyout offer that it rejected because the $8-a-share cash bid was too low. Slim, who owns 9.2% of the Richmond, Va.-based company, is considering whether to make a fresh proposal for stock in the company he doesn't already own, a spokesman for Slim said.
March 16, 2000 | Reuters
Mexican businessman Carlos Slim, Latin America's richest man, will meet the world's wealthiest, Microsoft Corp. Chairman Bill Gates, on Tuesday to launch a Web portal aimed at Spanish-speakers from Canada to Patagonia. The entrepreneurs will launch the Internet site T1 from Miami, a source close to the organization committee said. In October, Slim's Telefonos de Mexico--a market bellwether--teamed up with Microsoft to develop the Web portal.
March 9, 2007 | Marla Dickerson, Times Staff Writer
Telecom mogul Carlos Slim Helu has built a corporate empire so vast that it's nearly impossible for most Mexicans to go a day without slipping a few pesos into his pocket. Those pesos add up. On Thursday, Forbes magazine estimated his net worth at $49 billion. That represented a stunning $19-billion increase from 2006, the biggest one-year jump in a decade for anyone on the magazine's annual list of the world's richest people. Microsoft Corp.
September 30, 2005 | From Bloomberg News
Mexican billionaire Carlos Slim led a group of business executives, union leaders and academics calling on presidential contenders to commit to a program they said would help spur economic growth and create jobs. About 400 business executives, including Grupo Televisa Chief Executive Emilio Azcarraga, signed an accord Thursday in Mexico City that calls for private investment in roads, energy, water, health and education.
March 3, 2000 | Bloomberg News
Carlos Slim Helu and other members of one of Mexico's wealthiest families acquired a 7% stake in Saks Inc., the owner of Saks Fifth Avenue and other department stores. The investors reported holding more than 10 million Saks shares, worth more than $120 million at current prices, according to documents filed with the Securities and Exchange Commission.
March 31, 2014 | By Tracy Wilkinson
MEXICO CITY - The government of President Enrique Peña Nieto says a proposed new telecommunications law would finally break up Mexico's powerful and much-criticized TV and telephone monopolies. The proposal and other reforms have generated considerable praise abroad for Peña Nieto and his Institutional Revolutionary Party, or PRI, which ruled the country for seven decades before a 12-year hiatus and a return to power in late 2012. But a growing number of domestic critics are reading the fine print of the telecommunications plan and finding many things to worry about.
MEXICO CITY In a nation known for corporate waste and avarice, billionaire Carlos Slim Helu operates both efficiently and generously--a sort of Mexican mix of Sam Walton and Andrew Carnegie. He doesn't use consultants or headhunters to bring in talent, preferring instead to deploy members of his own team. Like Slim, they win no elegance contests. But they are tough, instinctive traders. "The majority of our team is home-grown," Slim says.
March 5, 2012 | By Jim Puzzanghera
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 | By Reed Johnson, Los Angeles Times
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.
July 8, 2013 | By Salvador Rodriguez
Shazam, the mobile app that instantly recognizes songs and TV commercials, has announced a $40-million round of funding led by Mexican billionaire Carlos Slim. The app, which users turn on when they hear a song that they want to identify, said the funding is being headed up by Slim's company, America Movil, one of the world's largest wireless communication firms. Shazam Chief Executive Rich Riley called the investment a milestone. “It's a great continuation of the incredible momentum that we have,” he said.
Los Angeles Times Articles