Account
As Mexico's Congress moves toward giving the government increased powers to rein in the telecommunications muscle of billionaire Carlos Slim, Mr. Slim is accumulating building blocks for a television business that until now has been denied him in his home country.The latest twist came this week when his telecommunications company America Movil SAB (AMX, AMX.MX) won the exclusive broadcast rights for Latin America, except Brazil, to the 2014 Winter Olympics in Sochi, Russia, and the 2016 Olympics to be hosted by Rio de Janeiro.America Movil's announcement Thursday came as the Mexican lower house of Congress passed a bill that will shake up the country's telecommunications and television industries, including plans for two new digital broadcast networks to compete with leading television provider Grupo Televisa SAB (TV, TLEVISA.MX) and No. 2 broadcaster TV Azteca SAB (AZTECA.MX).The acquisition of rights to the Olympics is the latest television-focused move by America Movil, better known...
Small Brazilian oil refiner Refinaria de Petroleos de Manguinhos SA (RPMG3.BR, RPMG4.BR) asked local stock regulators to halt trading while it investigated comments ...
Miners protest against government cuts
By Brian Winter and Stuart GrudgingsBRASILIA/RIO DE JANEIRO (Reuters) - Brazil's long boom appears to be over.After several dynamic years that saw it earn a reputati...
Rick Horrow discusses what this election has meant to the sporting world.
Eric breaks down why Obama couldn't bring the Olympics to the 'Windy City'.
Cabana Cachaca CEO Matti Anttila on how businesses in Brazil will profit from the Olympics.
3-year-old stuck in washing machine was playing hide-and-seek
Kidnapped boy reunited with parents in Pakistan; protests erupt in Brazil over change to oil revenue laws
New numbers show employment has not been boosted by Obama
Chicago loses out to Rio de Janeiro as the host of the 2016 Olympics
Karl Rove reacts to Obama's failure to win 2016 Olympics for Chicago
Critics say Obama's health care plan will raise taxes as AARP members revolt
Mexican telecommunications giant America Movil SAB (AMX, AMX.MX) said Thursday the International Olympic Committee has granted it exclusive broadcast rights for Lati...
FOXBusiness.com’s Kate Rogers on how athletes can plan for making career transitions after they retire from the sports world.
Five years ago during the closing speeches of a summit in Chile, Spain's king told Venezuelan President Hugo Chavez to "shut up" in an exchange that epitomized the f...
Preferred shares of Brazil's Refinaria de Petroleos de Manguinhos S/A (RPMG3.BR, RPMG4.BR) tumbled 70% after trading was restarted late Tuesday amid Rio de Janeiro s...
Brazil's Rio de Janeiro state plans to seize all lands belonging to oil refiner Refinaria de Petroleos de Manguinhos SA (RPMG3.BR, RPMG4.BR) as part of a revitalizat...
Rio de Janeiro's state government moved Tuesday to seize lands belonging to small Brazilian oil refiner Refinaria de Petroleos de Manguinhos SA (RPMG4.BR), according...
Rio de Janeiro's state government moved Tuesday to seize lands belonging to small Brazilian oil refiner Refinaria de Petroleos de Manguinhos SA (RPMG4.BR), with plan...
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