October 28, 2013 |
Nutritional products maker Herbalife Ltd. reported a nearly 27% jump in third-quarter profit amid double-digit sales growth in China and Latin America. The Los Angeles company reported net income of $142 million, or $1.32 a share, for the three months ended Sept. 30. That compares with $111.9 million, or 98 cents, a year earlier. Excluding expenses for non-recurring items, the company earned $1.41 a share, well above analysts' expectations of $1.14 a share. Sales grew 19.3% to $1.2 billion.
September 30, 2013 |
The new Toyota Corolla has barely hit car dealers but Toyota is already saying it plans to export the U.S.-built version of the compact sedan to 18 countries in Latin America and the Caribbean starting next year. Toyota said about 7,500 of the cars, which will be built at the Toyota factory in Tupelo, Miss., will be exported next year. “These shipments are expected to build upon Toyota's all-time record export of more than 124,000 U.S.-assembled vehicles to 21 global markets in 2012, an increase of 45% over the prior year,” the automaker said in a statement.
September 10, 2013 |
Let's not pull any punches: The very best thing about “The O. Henry Prize Stories 2013” is the inclusion of Deborah Eisenberg's “Your Duck Is My Duck.” No disrespect to the other 19 contributors - who include Tash Aw, Donald Antrim, Jamie Quatro and Ann Beattie - but in my universe, there are few miracles as rare and beautiful as a story by Eisenberg. She doesn't publish much: 30 or so stories since her first collection, “Transactions in a Foreign Currency,” came out in 1986.
August 21, 2013 |
The United States' take-no-prisoners (or, perhaps more aptly, take-too-many-prisoners) approach to drug control has few fans in Latin America, long the most violent battleground in the U.S. war on drugs. Uruguay, the smallest country in the region, has been the first, however, to openly rebel. It is expected soon to be the only nation to legalize the cultivation, sale and use of marijuana on a national scale. President Obama has said on several occasions that "legalization is not the answer.
July 31, 2013 |
Lax U.S. gun regulations are enabling the international trafficking of high-powered weapons and fueling the spread of gun violence in Latin America and the Caribbean, the Council on Foreign Relations argues in a report urging President Obama to take action on initiatives that have foundered in Congress. More than 70% of the 99,000 weapons recovered by Mexican law enforcement since 2007 were traced to U.S. manufacturers and importers, the council report said, citing data from the eTrace program of the Bureau of Alcohol, Tobacco, Firearms and Explosives.
July 26, 2013 |
Last week, Mexican authorities arrested Miguel Angel Treviño Morales, the leader of the Zetas, Mexico's deadliest and most feared drug cartel. In Mexico, the news was met with relief, although there is also apprehension that his arrest will lead to a convulsion of violence; historically, taking out cartel kingpins has meant power struggles within organized crime groups, schisms that leave many dead in their wake. Treviño Morales, known as Z-40, was apprehended - along with a bodyguard and a third man, reported to be the cartel's accountant - without a shot being fired as he traveled along a back road near Nuevo Laredo and the U.S. border.