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Carlos Slim

BUSINESS
July 26, 2005 | From Reuters
Billionaire Carlos Slim and leading broadcaster Televisa are joining forces in a new low-cost airline as the government sells off Mexico's largest carriers and opens the industry to competition. Slim's investment unit, Sinca Inbursa, and Televisa said Monday they would each take a 25% stake in Vuela, the new airline. The other partners are El Salvador-based airline Grupo Taca and investment fund Discovery Americas I, in which former Mexican Finance Minister Pedro Aspe plays a leading role.
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BUSINESS
March 5, 2005 | From Bloomberg News
Carlos Slim, MCI Inc.'s biggest investor, said he opposed the company's planned sale to Verizon Communications Inc., adding to pressure on MCI Chief Executive Michael Capellas to negotiate a better deal. Verizon's $6.76-billon offer is too low and an $8-billion bid from Qwest Communications International Inc. also falls short, said Arturo Elias, a spokesman for Slim, who holds a 13.7% stake in Ashburn, Va.-based MCI. "We find the Qwest offer better, but it's also insufficient," Elias said.
BUSINESS
May 1, 2004 | From Bloomberg News
Carlos Slim, Latin America's richest man, stepped down as chairman of the board of Telefonos de Mexico and handed over the responsibilities to his eldest son, Carlos Slim Domit. Carlos Slim Domit, 37, formerly co-chairman of Telmex with his father, takes over immediately, according to a filing with the U.S. Securities and Exchange Commission. His father, 64, will remain honorary lifetime chairman of the company he has run for 14 years, the filing said.
BUSINESS
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.
BUSINESS
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.
BUSINESS
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.
BUSINESS
January 25, 2000 | JAMES F. SMITH, TIMES STAFF WRITER
A retail group controlled by Mexican billionaire Carlos Slim Helu and his sons said Monday it will buy CompUSA, the struggling U.S. computer retailer, in a deal that positions the Slims for further penetration into hemispheric markets for Internet-related businesses. The deal also strengthens a partnership between the Slim family empire and Microsoft Corp., which becomes a minority owner of CompUSA. The two enterprises agreed in October to jointly launch a Spanish-language Internet portal.
BUSINESS
September 5, 1999 | JAMES F. SMITH, TIMES STAFF WRITER
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.
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