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BUSINESS
October 29, 1991 | JUANITA DARLING, TIMES STAFF WRITER
Investors led by the chairman of Mexico's top brewery made the winning bid Monday for Bancomer, the country's second-largest bank, with an offer to pay the government $2.5 billion for a controlling interest. Eugenio Garza Laguera--whose Monterrey-based Visa Group had revenue of $1.6 billion last year, mainly from the sale of such well-known beers as Tecate, Dos Equis and Superior--is a member of the third generation of Mexico's leading industrial dynasty.
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BUSINESS
September 14, 2007 | From Times Wire Services
Visa, the nation's largest credit card network, on Thursday got the go-ahead from the Securities and Exchange Commission to move forward with plans to go public. The SEC approved the company's registration statement, filed in June, which outlined a plan to streamline Visa Canada, Visa International and Visa USA into a single company, Visa Inc. The companies now are owned by their member banks.
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BUSINESS
January 10, 2007 | From Reuters
Visa, the world's biggest credit card payment system, has launched a global system to turn mobile phones into wallets for millions of customers in a deal with the world's top handset producer, Nokia. Users can pay for groceries and other purchases by swiping a phone over a reader that electronically communicates with a microchip on the phone. Phone owners confirm the purchase with the push of a button and the deal is complete.
BUSINESS
January 10, 2007 | From Reuters
Visa, the world's biggest credit card payment system, has launched a global system to turn mobile phones into wallets for millions of customers in a deal with the world's top handset producer, Nokia. Users can pay for groceries and other purchases by swiping a phone over a reader that electronically communicates with a microchip on the phone. Phone owners confirm the purchase with the push of a button and the deal is complete.
BUSINESS
January 29, 1992 | From Times Staff and Wire Reports
Visa Volume Up 17% in 3rd Quarter: The world's largest consumer card payment system said credit card transaction volume was $102.4 billion in the third quarter, a gain of 17% over the same period of 1990. The number of cards circulating worldwide reached 274.8 million in the three months ending Sept. 10, an increase of 10% from the year-ago period. Visa saw its greatest gains in Latin America, where transaction volume leaped 83% to $3.4 billion. The number of cards grew 17% to 12.1 million.
BUSINESS
September 14, 2007 | From Times Wire Services
Visa, the nation's largest credit card network, on Thursday got the go-ahead from the Securities and Exchange Commission to move forward with plans to go public. The SEC approved the company's registration statement, filed in June, which outlined a plan to streamline Visa Canada, Visa International and Visa USA into a single company, Visa Inc. The companies now are owned by their member banks.
BUSINESS
November 29, 1991 | JUANITA DARLING, TIMES STAFF WRITER
The major shareholders of the world's largest Coca-Cola bottler and Mexico's top brewery plan to auction off their controlling interests to repay a $900-million U.S. bank loan they used to buy Mexico's second-biggest bank, sources said Thursday. "They apparently are having a lot of liquidity problems as a result of the Bancomer purchase," a source on the Mexican Stock Exchange said. Shares of Bancomer and the company that owns the brewery and bottler are traded on the exchange.
NEWS
August 18, 1995 | Washington Post
As the U.N. World Conference on Women approaches, thousands of women are being barred by the Chinese government from attending a parallel private forum outside Beijing, women's groups say. Some women, particularly those representing Tibetan groups, have been refused visas outright. Others have encountered bureaucratic obstacles and delays in the visa process that some groups fear are aimed at limiting attendance at the forum.
BUSINESS
October 12, 1992 | CRISTINA LEE, TIMES STAFF WRITER
When Francisco G. Sada, 41, was tapped in August by one of Mexico's largest breweries to run its U.S. distributorship in Irvine, the industrial engineer from Monterrey, Mexico, was ecstatic. Sada, a scion of one of Mexico's wealthiest families, trained at Mexico's Monterrey Institute of Technology and the London School of Economics. He presides over Wisdom Import Sales Co., the West's largest beer importer and the largest Mexican-owned concern in Orange County.
NEWS
November 2, 2003 | William J. Kole, Associated Press Writer
Former nightclub bouncer Martin Opat is a tough guy by trade, but nothing steeled him for the ordeal that he endured as an illegal worker in the United States. "Everything they told me was a lie," he said of the shady middlemen who promised him tax-free cash to sweep supermarket floors, only to lead him on a pocket-emptying odyssey through three states and a close call with federal agents.
NEWS
August 18, 1995 | Washington Post
As the U.N. World Conference on Women approaches, thousands of women are being barred by the Chinese government from attending a parallel private forum outside Beijing, women's groups say. Some women, particularly those representing Tibetan groups, have been refused visas outright. Others have encountered bureaucratic obstacles and delays in the visa process that some groups fear are aimed at limiting attendance at the forum.
BUSINESS
September 24, 1994 | From Times Staff and Wire Reports
Discover Loses Battle to Issue Visa Cards: Visa doesn't have to let competitors issue credit cards bearing its brand name under a decision handed down by a federal appeals court. The decision, issued by a three-judge panel in Denver, was a major blow to Dean Witter, Discover & Co., which had sued to gain entry into Visa's consortium of card issuers. Membership in Visa would have given Dean Witter access to a much larger network of customers and merchant locations.
BUSINESS
November 29, 1991 | JUANITA DARLING, TIMES STAFF WRITER
The major shareholders of the world's largest Coca-Cola bottler and Mexico's top brewery plan to auction off their controlling interests to repay a $900-million U.S. bank loan they used to buy Mexico's second-biggest bank, sources said Thursday. "They apparently are having a lot of liquidity problems as a result of the Bancomer purchase," a source on the Mexican Stock Exchange said. Shares of Bancomer and the company that owns the brewery and bottler are traded on the exchange.
BUSINESS
October 29, 1991 | JUANITA DARLING, TIMES STAFF WRITER
Investors led by the chairman of Mexico's top brewery made the winning bid Monday for Bancomer, the country's second-largest bank, with an offer to pay the government $2.5 billion for a controlling interest. Eugenio Garza Laguera--whose Monterrey-based Visa Group had revenue of $1.6 billion last year, mainly from the sale of such well-known beers as Tecate, Dos Equis and Superior--is a member of the third generation of Mexico's leading industrial dynasty.
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