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Keyword: carlosslim

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  • Ay Carumba! Death Record For #JudgeCuriel Papa’s Proves New York Times Lying About U.S. Citizenship

    06/09/2016 10:33:44 AM PDT · by Jim Robinson · 172 replies
    gotnews ^ | June 9, 2016 | CHARLES C. JOHNSON
    The death certificate for the father of the controversial Mexican judge confirms that Curiel’s parents were not U.S. citizens when he was born. Death records from Indiana records confirm that Salvador Curiel died a Mexican citizen in 1964… not as the New York Times’s Alan Rappeport reported in an anti-Donald Trump article. But Rappeport claimed that the elder Curiel had died a U.S. citizen. He didn’t. Here’s what Rappeport wrote: Judge Curiel, 62, was born in East Chicago, Ind., to parents who had emigrated from Mexico. Raul Curiel said their father, Salvador, arrived in Arizona as a laborer in the...
  • The Clinton Colombia connection: a secret investment fund (primed w/ billions in foreign aid)

    11/27/2015 4:31:39 AM PST · by Liz · 60 replies
    nypost.com ^ | 11/27/15 | NY POST EDITORIAL
    Hillary Clinton is upping her anti-Wall Street rhetoric, amid reports that the Clinton Foundation is running a private-equity company down in Colombia.The same private-equity field dissed by 2008 Obama in hundreds of millions of dollars of negative ads against Mitt Romney b/c Romney earned his fortune w/ a PEF. The Bogota-based Fondo Acceso, started in 2010 by Bill Clinton, Mexican billionaire Carlos Slim and mining millionaire Frank Giustra....$20 million seed funding supposedly came from the Clinton Foundations Clinton-Giustra Sustainable Growth Initiative and Carlos Slims the SLIM Foundation, the Washington Free Beacon reports. In an ominous sign, Fondo Acceso took down...
  • Clinton Foundation Quietly Revises Mexican Billionaire’s Donation

    08/14/2015 8:21:48 AM PDT · by Cats Pajamas · 24 replies
    Washington Free Beacon ^ | August 12, 2015 2:35 pm | Lachlan Markay
    Hillary Clinton’s family foundation quietly updated its list of donors last week, significantly reducing the amount that it says has been given by a Mexican telecom tycoon whose company was recently accused of deceptive U.S. advertising
  • Clinton Foundation Quietly Revises Mexican Billionaire’s Donation

    08/12/2015 1:06:28 PM PDT · by SeekAndFind · 2 replies
    BizPac Review ^ | 08/12/2015 | BY: Lachlan Markay
    Hillary Clinton’s family foundation quietly updated its list of donors last week, significantly reducing the amount that it says has been given by a Mexican telecom tycoon whose company was recently accused of deceptive U.S. advertising. The little-noticed update to the website of the Bill, Hillary, and Chelsea Clinton Foundation added contributions made in the first half of this year. But it also dramatically reduced listed contributions from billionaire Carlos Slim. Prior to the update, Slim was listed as a $1 million to $5 million contributor. The updated version of the site says he has donated between $250,000 and $500,000....
  • Arizona, Mexico agreement extends I-11 to Mexico City

    08/06/2015 6:56:29 AM PDT · by Tolerance Sucks Rocks · 13 replies
    Phoenix Business Journal ^ | June 15, 2015 | Eric Jay Toll
    Interstate 11 is getting another boost with execution of a memorandum of understanding between Arizona and Mexico. One of the four international cooperation agreements to be signed by Gov. Doug Ducey and the Mexican Secretary of Foreign Affairs Jose Antonio Meade extends I-11 from Nogales into Mexico to Hermosillo and Mexico City. The international commerce corridor MOU grew out of a conversation between Arizona business leaders, Ducey and Mexican billionaire Carlos Slim at the Phoenix Business Journal’s Global Market Discovery series earlier this year. People on the Move Victor Foggie Victor Foggie Big Brothers Big Sisters of Central Arizona Brian...
  • Jeb Bush’s Big Lehman Brothers Problem

    07/12/2015 7:15:28 AM PDT · by jimbo123 · 26 replies
    Daily Beast ^ | 7/2/15 | Charles Gasparino
    Jeb Bush says he released 33 years of tax returns this week because he wants to be the most transparent candidate to run for president in 2016. But if that’s really the case, why is he continuing to obfuscate some of his most lucrative and potentially controversial business dealings he had before announcing his candidacy, like his work as an “adviser” for investment bank Lehman Brothers? So, if Jeb won’t tell you what Jeb exactly did while working on Wall Street, in the interests of transparency and disclosure, I will try. Not much is known about what Bush actually did...
  • Desperate Mission: Jeb Bush Asked Mexican Billionaire Carlos Slim To Save Lehman Brothers

    07/12/2015 7:07:06 AM PDT · by jimbo123 · 11 replies
    Forbes ^ | 4/21/14 | Dolia Estevez
    n the summer of 2008, as the worst financial crisis since the Great Depression was unfolding, Jeb Bush, Florida’s former governor and brother of then President George W. Bush, traveled to Mexico to ask Mexican telecom mogul Carlos Slim Helú to rescue Lehman Brothers, The New York Times reported. In a front page article on Monday, The Times revealed that within a year of ending his term as Florida’s governor, Bush had signed on as consultant to Lehman Brothers, where he was enlisted to reach out to Carlos Slim in a plan code-named Project Verde (Green Project). Slim, says the...
  • Why Doesn't Jeb Want to Talk About Lehman Bros? (Begged Carlos Slim for bailout)

    07/09/2015 1:10:34 PM PDT · by jimbo123 · 9 replies
    Fox Business ^ | 7/9/15 | Charlie Gasparino
    <p>Jeb Bush apparently doesn’t want people to know that he worked at Lehman Brothers, the now-defunct investment bank whose collapse led to the broader financial meltdown in 2008.</p> <p>That’s the only conclusion I can come to after receiving a series of occasionally bizarre emails from his press people to what I thought was a fairly simple question about Bush’s work before he became a Republican presidential candidate.</p>
  • Trump Overtakes Bush As #1 In Polls Causing Republican Rhinos To Panic

    07/09/2015 12:12:14 AM PDT · by SatinDoll · 42 replies
    shoebat.com ^ | July 8, 2015 | Theodore Shoebat
    The GOP’s smear campaign, working overtime to mock, and discredit Donald Trump has has backfired so bad that Trump is now #1. Americans actually are beginning to see that Trump will fight for the American people. The Telegraph had this to say regarding Trump and some of the GOP’s fear and smear: For Donald Trump the entrepreneur, it was a damaging week. Two major television networks severed ties, Macy’s dropped his clothing line and Carlos Slim, the even richer Mexican tycoon, ended a joint venture with him. But for Donald Trump the inveterate showman and Republican challenger for president, the...
  • Billionaire to billionaire: Carlos Slim cuts ties with Donald Trump

    07/02/2015 10:02:03 AM PDT · by jimbo123 · 65 replies
    Business Review USA ^ | 7/2/14 | Rebecca Castrejon
    The richest businessman in Mexico, Carlos Slim, has cut ties with Donald Trump after the latter offended Mexicans during his speech announcing his run for the presidency of the United States. The magnates were going to launch a television mega project with Larry King, named Ora TV, which would be a producing company financed by America Movil. The partnership is over as of June 29 after Trump carried on offending the neighboring country. Slim’s spokesperson, and son-in-law, Arturo Elias, stated: “Working with someone that narrow-minded was not going to work out.” He added that the comments were racist, especially when...
  • New York Times’ Top Shareholder Is a Clinton Foundation Donor

    06/10/2015 6:09:29 AM PDT · by maggief · 9 replies
    Washington Free Beacon ^ | June 10, 2015 | Brent Scher
    Multiple high-dollar donors to the Clinton Foundation are associated with the New York Times, including the Times’ top shareholder, Carlos Slim. Slim, a Mexican telecom tycoon whose net worth of nearly $80 billion makes him the second richest man in the world, became the top shareholder of the New York Times earlier this year after he doubled his shares to take control of 16.8 percent of the company. Not only has Slim contributed between $1,000,001 and $5,000,000 to the Clinton Foundation, but his company Telmex has contributed an additional grant between $1,000,001 and $5,000,000 through its foundation. Slim has also...
  • NEWMAX GIVES OVER 1 MILLION DOLLARS TO CLINTON FOUNDATION

    05/16/2015 4:38:17 AM PDT · by theoldmarine · 61 replies
    Politico ^ | 5/15/2015 | By JOSH GERSTEIN, TARINI PARTI, HADAS GOLD and DYLAN BYERS
    NBC Universal, News Corporation, Turner Broadcasting and Thomson Reuters are among more than a dozen media organizations that have made charitable contributions to the Clinton Foundation in recent years, the foundation's records show....The following list includes news media organizations that have donated to the foundation, as well as other media networks, companies, foundations or individuals that have donated. It is organized by the size of the contribution:....$1,000,000-$5,000,000 Carlos Slim Chairman & CEO of Telmex, largest New York Times shareholder James Murdoch Chief Operating Officer of 21st Century Fox Newsmax Media Florida-based conservative media network
  • World’s 2nd Richest Man Calls for 3-Day Work Week, Longer Hours

    07/22/2014 6:49:21 AM PDT · by Olog-hai · 28 replies
    Fox News Insider ^ | Jul 21, 2014 6:23PM
    Would a three-day work week improve your quality of life? Carlos Slim, the second richest man in the world, says it would. During a press conference, Slim called for a “radical overhaul” in workers’ lives. He said people should work three days a week, but longer hours. He also said people should work more years, until they’re 70 or 75. …
  • Jeb Bush’s rush to make money may be hurdle

    04/23/2014 6:51:44 AM PDT · by jimbo123 · 9 replies
    NY Times CNBC ^ | 4/21/14 | Michael Barbaro
    As it sought to recruit well-heeled investors, an untested and unprofitable Miami company named InnoVida brought aboard a trusted Florida figure in 2007: Jeb Bush, the former governor and the brother of a sitting president. For potential stockholders, the imprimatur of Mr. Bush, who joined InnoVida as a paid consultant and a member of the board of directors, conferred credibility on the young start-up. That credibility did not last long. It turned out that the leaders of InnoVida, a manufacturer of inexpensive building materials, had faked documents, lied about the health of the business and misappropriated $40 million in company...
  • Guess who is making out like a bandit on Obamaphones?

    04/26/2013 7:46:16 AM PDT · by SeekAndFind · 13 replies
    American Thinker ^ | 04/26/2013 | Thomas Lifson
    Well, well, well, roughly a quarter of the 2.2 billion dollars being spent on Obamaphones, has gone to a company owned by Carlos Slim. Todd Shields of Bloomberg reports: Slim's TracFone Wireless Inc. received about a quarter of the funds from the U.S. government's Lifeline program, according to the latest figures. Today, a House subcommitteeasked why the program, paid for by fees charged to U.S. phone subscribers, tripled in cost since 2008. How many other markets have grown 300% in the years since the crash? Slim is often called the richest man in the world, and owns the cell phone monopoly in Mexico,...
  • Mexico's lower house gives general approval for telecoms bill

    03/22/2013 1:12:03 PM PDT · by JerseyanExile · 4 replies
    Chicago Tribune ^ | March 22, 2013 | Dave Graham and Miguel Gutierrez
    <p>Mexico's lower house of Congress gave broad approval Thursday night to a telecommunications reform that threatens to loosen tycoon Carlos Slim's grip on the phone market and broadcaster Televisa's dominance of the airwaves.</p> <p>The proposal attracted overwhelming support, with 414 lawmakers in favor of the reform and only 50 opposed.</p>
  • Mexico's planned telecoms shake-up threatens Slim, Televisa

    03/20/2013 6:59:00 PM PDT · by JerseyanExile · 3 replies
    Yahoo News ^ | March 12, 2013 | Michael O'Boyle and Dave Graham
    Mexico's government has threatened the country's telecommunications giants with forced asset sales, unveiling a plan to loosen billionaire Carlos Slim's hold on the telephone market and curb broadcaster Televisa's dominance of the airwaves. The long-awaited bill seeks to shake up the telecoms sector by allowing increased foreign ownership of media and phone companies, and giving regulators the power to make players controlling more than 50 percent of the market sell assets. "The purpose of these measures is to free up the sector's potential, and do it as quickly as possible," President Enrique Pena Nieto said as he presented the plan...
  • Mexican billionaire making millions from government program that gives poor free cell phones

    10/11/2012 9:21:09 AM PDT · by Zakeet · 11 replies
    (UK) Daily Mail ^ | October 10, 2012
    The richest man in the world, Mexican billionaire Carlos Slim, is making millions in profits from a government program that supplies poor Americans with free cell phones. Mr Slim, who is worth an estimated $69billion, owns the parent company of both the service provider and phone producer which creates the phones used in the Lifeline program. The government program was originally enacted under President Reagan's administration in an effort for poor Americans without access to phones to have a way to contact prospective employers, arrange for healthcare, and be in touch with their children's schools. Republicans have since attacked...
  • NY Times staffers near mutiny as paper continues to slide into oblivion

    12/28/2011 8:32:21 AM PST · by Nachum · 87 replies
    American Thinker ^ | 12/28/11 | Rick Moran
    The rocky, rickety boat that is the New York times has long been in peril of sinking. Now the Times staffers have sent a letter to publisher Arthur Sulzberger expressing "profound dismay" at the direction the company is headed. Huffington Post: The letter calls attention to several grievances. Last week, Times brass notified foreign citizens employed in the paper's overseas bureaus that their pensions would be frozen. In the letter, Times staffers dismayed by this decision point out to Sulzberger that some of these foreign employees, working alongside Times reporters in war zones, have "risked their lives so that we...
  • Carlos Slim Widens Lead as World’s Richest Man (Bill Gates, Warren Buffet round up top 3)

    03/09/2011 6:16:26 PM PST · by SeekAndFind · 14 replies
    New York Times ^ | 03/09/2011
    When it comes to the race for money, Carlos Slim Helú, the world’s richest man, has surged even further into the lead. The Mexican billionaire accumulated an additional $20.5 billion over the last year, bringing his total fortune to $74 billion, according the Forbes annual rankings of the world’s billionaires. Mr. Slim has held the top spot since last year, when he pushed aside the two past leaders, Bill Gates and Warren E. Buffett. Still, both men added $3 billion to their wealth since the last Forbes billionaires survey. Mr. Gates, the richest man in the United States, is worth...
  • New York Times Stock Soars On New Carlos Slim Takeover Rumors (Was up today as much as 8%)

    09/08/2010 12:01:56 PM PDT · by SeekAndFind · 27 replies
    Business Insider ^ | 09/08/2010 | Joe Pompeo
    Every so often, rumors pop up that Mexican billionaire Carlos Slim is going to buy The New York Times Co., in which he already owns nearly a 7% stake. And then those rumors quickly get stamped down by Slim, but not before making some waves in the stock market. It just happened again today, and Times Co. shares rose as much as 8% as a result, according to Bloomberg: "Almost 6,400 calls to buy the stock changed hands, 35 times the four-week average and five times the number of puts to sell... ...The publisher’s stock rose 26 cents, or 3.4...
  • Mexico's Carlos Slim Overtakes Gates, Buffett to Become Forbes Richest Person

    03/10/2010 4:28:41 PM PST · by SeekAndFind · 9 replies · 360+ views
    BusinessWeek ^ | 03/10/2010 | Chris Dolmetsch and Crayton Harrison
    Mexico’s Carlos Slim beat Bill Gates and Warren Buffett for the top spot on Forbes magazine’s annual list of billionaires, becoming the first person from outside the U.S. to lead the rankings in 16 years. The net worth of Slim, 70, who built a telecommunications empire after buying Mexico’s state-run phone monopoly two decades ago, rose $18.5 billion to $53.5 billion. Gates, 54, chairman of Microsoft Corp., fell to second as his net worth increased $13 billion to $53 billion. Buffett, 79, chairman of Berkshire Hathaway Inc., was third with $47 billion, a rise of $10 billion. Slim is the...
  • The Story the New York Times Won't Touch(NYT in Mexican oligarch's pocket?)

    02/20/2010 11:54:09 PM PST · by TigerLikesRooster · 11 replies · 833+ views
    Big Money ^ | 02/20/10 | James Ledbetter
    The Story the New York Times Won't Touch By James Ledbetter Posted Saturday, February 20, 2010 - 12:09pm A little more than a year ago, when the Mexican billionaire Carlos Slim increased his stake in the New York Times Company (NYT), I wrote "I pity the Times Mexico bureau chief who has to tiptoe through who is and isn't out of favor with the paper's new sugar daddy." Now we have a very clear example of how the Times treats Slim within its pages; it's not pretty, and the journalistic compromise can be seen well beyond Mexico. For the last...
  • Mexican Billionaire Carlos Slim Now Among Biggest NY Times Shareholders (Dinosaur Media DeathWatch™)

    02/12/2010 2:10:58 PM PST · by abb · 33 replies · 764+ views
    Editor & Publisher ^ | February 12, 2010 | Jennifer Saba
    Mexican billionaire Carlos Slim Helu isn't just one of The New York Times Co.'s creditors anymore -- he's now one of their biggest stockholders, according to a Security and Exchange Commission filing Friday. Slim exercised warrants for 15.9 million in Class A shares for a strike price of $6.3572 through his companies Inmobiliaria and GFI, raising his stake in the Times Co. to 16.3% from 6.9% at the time he was approached to loan a substantial sum to the venerable publisher. Slim got the warrants in January 2009 when he lent the Times Co. $250 million. The company said that...
  • Pinch Sulzberger grovels before his Patron

    05/03/2009 9:11:26 AM PDT · by Scanian · 28 replies · 1,037+ views
    The American Thinker ^ | May 03, 2009 | Ed Lasky
    The New York Times must be getting increasingly desperate. The publisher of the Times, Arthur Sulzberger, writes a paean in Time Magazine to Carlos Slim, the billionaire Mexican monopolist who threw the flailing Times a lifeline via a 250 million dollar loan earlier in the year. This is a man who has set back development in Mexico by his monopoly (or near monopoly) of the telecommunications system in that nation. He has been milking his profits for decades, blocking technological development of competitors by using his influence with politicians. The Times has historically derided this type of crony capitalism, especially...
  • Carlos Slim - By Arthur Sulzberger Jr. (Dinosaur Media DeathWatch™)

    04/30/2009 9:10:09 AM PDT · by abb · 38 replies · 1,291+ views
    TIME ^ | April 30, 2009 | Arthur Sulzberger, Jr.
    I recently had the great pleasure of meeting Carlos Slim. He had decided to invest in the New York Times Co. and thought it would be a good idea to get to know me and my senior colleagues. It was obvious from the moment we met that he was a true Times loyalist. We had an enjoyable conversation about what was happening in this country and everywhere else in the world. Carlos, a very shrewd businessman with an appreciation for great brands, showed a deep understanding of the role that news, information and education play in our interconnected global society....
  • Mexicans rebel against soaring credit card rates, congress considers limits

    03/26/2009 7:07:38 PM PDT · by george76 · 17 replies · 808+ views
    Associated Press ^ | March 26, 2009 | MARK STEVENSON
    Millions of first-time credit card holders remade Mexico in recent years, buying everything from diapers to DVD players on credit and spurring a boom in consumer spending and bank profits. Many now regret it: With interest rates, commissions and fees topping 100 percent a year, delinquencies have soared as the global economic crisis boosts unemployment and leads banks to raise rates even more. Among the unlikely suspects supporting rate reductions is Mexican billionaire Carlos Slim, who in December called credit card interest rates "unsustainable, and in the majority of cases, unpayable." Slim's own bank, Inbursa, offers a card for preferred...
  • NY Times strikes pact with Mexican billionaire (they called "robber baron and thief" in 2007)

    01/21/2009 3:29:26 AM PST · by Lovebloggers · 7 replies · 508+ views
    Boston Herald ^ | January 21, 2009 | Christine McConville
    Sure it’s for a life-saving loan, but the New York Times [NYT] Co.’s decision to do business with controversial Mexican billionaire Carlos Slim Helu is seen by some as a deal with the devil. “He has a mixed reputation on his best day,” Douglas A. McIntyre, editor of 24/7 Wall St., a financial commentary service, said about Slim, one of the world’s richest men. Borrowing money from a man that the Times called a robber baron and a thief in 2007 shows that finding someone to invest in the newspaper “must have been very, very hard,” McIntyre said. Late Monday,...
  • Mexican Billionaire Slim Sees Future For Struggling NYT ( Nuevo York Times )

    01/21/2009 4:07:38 AM PST · by Halfmanhalfamazing · 15 replies · 524+ views
    Wall Street Journal ^ | January 20th
    MEXICO CITY (Dow Jones)--Mexican billionaire Carlos Slim's decision to loan the New York Times $250 million gives a vote of confidence to a debt-strapped publisher at a time when the financial viability of print is being widely questioned in the age of the Internet. The New York Times Co. (NYT) said Tuesday it will use the money to refinance existing debt, but also continues to seek other financing and will press ahead with cost-cutting measures. Slim's move to expand his involvement with the Times raised some eyebrows given difficulties faced by newspaper publishers seeing double-digit declines in advertising revenue.
  • New York Times falls on Slim's expensive loan (@ Subprime interest rate of 14%)

    01/20/2009 1:09:40 PM PST · by jimbo123 · 25 replies · 802+ views
    Reuters ^ | 1/20/09 | Robert MacMillan
    New York Times Co (NYT.N) shares fell on Tuesday after the company agreed to a pricey $250 million loan from Mexican billionaire Carlos Slim that it will use to repay debt coming due in May. -snip- "Frankly, New York Times should be pleased they were able to get this financing at all, in our view, given all the pressures going against the company," Barclays Capital analyst Craig Huber wrote in a note to investors. "Nevertheless, the interest rate is very expensive on an absolute basis and is not a good sign for peer newspaper companies should they try to follow...
  • Mexican mogul Slim sees opportunity in NY Times (Academics pop the corks)

    01/20/2009 7:04:46 AM PST · by frithguild · 14 replies · 607+ views
    AP via Yahoo ^ | Tuesday January 20, 2009, 9:10 am EST | Julie Watson, Associated Press Writer
    MEXICO CITY (AP) -- A Latin American billionaire looks to expand his empire in the United States in a deal that could make him the largest shareholder of The New York Times Co. [snip] "By having a stake in the New York Times, he's basically projecting himself as a powerbroker in this country, regardless of how his investment does," said Armand Peschard-Sverdrup, a senior associate of the Center For Strategic and International Studies, a Washington think tank. [snip] The Times said Slim would buy six-year notes in the company with warrants that are convertible to common shares. The notes carry...
  • Mexico's Slim to invest $250 million in N.Y. Times (Subprime loan, 14.1% interest))

    01/20/2009 2:59:01 AM PST · by jimbo123 · 19 replies · 801+ views
    Marketwatch ^ | 1/20/09 | Robert Daniel
    New York Times Co. reached an agreement under which companies backed by the Mexican telecom investor Carlos Slim will invest $250 million and could boost their holding, helping the New York media company reduce its debt and strengthen its finances. -snip- The notes have what the Journal called a relatively rich coupon of 14.053%
  • Slim pickings for New York Times

    01/19/2009 9:38:38 PM PST · by neverdem · 44 replies · 1,328+ views
    BusinessDay ^ | January 20, 2009
    New York Times Co. may be turning to a $US250 million ($372 million) investment from billionaire Carlos Slim as credit markets dry up and the newspaper industry confronts plummeting ad revenue. Slim, the world's second-richest man according to Forbes magazine, is in discussions to buy 10-year notes convertible into common stock in the newspaper company and may receive a special annual dividend as high as 10% on his investment, the Times reported yesterday, citing people briefed on the talks. New York Times has slashed its dividend and is pursuing asset sales to shore up cash. Meanwhile, it's racing to pay...
  • Mexican Billionaire's NYT Deal Leaving Sulzbergers on Shakier Ground

    01/19/2009 6:47:55 AM PST · by GOPGuide · 30 replies · 1,203+ views
    Gawker ^ | Jan 19 2009 | Hamilton Nolan,
    The New York Times appears to be on the verge of signing a deal with Mexican billionaire Carlos Slim to invest $250 million in the company. If your last name is "Sulzberger," be concerned. News of Slim's possible investment broke over the weekend, and now the Times itself says an announcement could come as soon as tomorrow. Slim, one of the world's richest people, would essentially be loaning the struggling newspaper a quarter of a billion dollars in exchange for convertible shares paying him high annual dividends. But he would have the right to convert that stock into common shares—and...
  • Carlos Slim to invest $250 million in New York Times (Dinosaur Media Deathwatch)

    01/19/2009 6:22:27 AM PST · by GOPGuide · 49 replies · 1,032+ views
    Blogging Stocks ^ | Jan 19th 2009 | Zac Bissonnette
    The rumors about Mexican billionaire Carlos Slim investing in The New York Times Co. (NYSE: NYT) are heating up. Andrew Ross Sorkin reports that Slim is near a deal to invest up to $250 million in a deal that could be approved by the company's board of directors today. According to Sorkin, "As part of Mr. Slim's investment, which resembles a loan, he is expected to get a special annual dividend, perhaps as high as 10 percent or more on this investment, these people said." What is interesting is that Mr. Slim is not set to receive any control of...
  • NY Times Co. in Talks With Carlos Slim on Stock Investment (Dinosaur Media DeathWatch™)

    01/18/2009 3:46:08 AM PST · by abb · 47 replies · 1,235+ views
    The Wall Street Journal ^ | January 17, 2009 | Matthew Karnitschnig and Russell Adams
    The New York Times Co. is in discussions with Mexican billionaire Carlos Slim about investing in the newspaper publisher to help ease its financial problems, according to people familiar with the matter. The talks are ongoing and may yet fall apart but one of the options being discussed is a preferred-stock issue. Under this scenario, the Times Co. would issue Mr. Slim preferred stock, which carries no voting right but pays an annual dividend, in return for his investment. The investment would be similar to a loan. Preferred shares are often convertible into common stock after a defined period. snip...
  • Mexico's Slim may invest in New York Times-source

    01/17/2009 10:38:35 PM PST · by Enchante · 16 replies · 935+ views
    Reuters ^ | Sun Jan 18, 2009 | Reuters Staff
    NEW YORK, Jan 17 (Reuters) - Mexican billionaire Carlos Slim may invest hundreds of millions of dollars in the New York Times Co (NYT.N: Quote, Profile, Research), giving the ailing U.S. newspaper publisher critical financial help, a source familiar with the matter told Reuters on Saturday. The Times might give the telecommunications tycoon, who already owns a 6.4 percent stake in the Times, preferred stock with no voting rights, but with an annual dividend.
  • Carlos Slim [Mexican billionaire] buys 6.4% stake in NY Times

    09/11/2008 2:05:08 PM PDT · by La Enchiladita · 26 replies · 151+ views
    Financial Times ^ | Sept. 11, 2008 | Kenneth Li and Adam Thomson
    Mexican telecommunications tycoon Carlos Slim Helú, the world’s second richest man, has become the third largest outside shareholder of the New York Times, after reporting a 6.4 per cent stake worth $127m. The purchase, disclosed in a US regulatory filing on Wednesday, comes months after Harbinger Capital Partners purchased close to 20 per cent of the publisher of the namesake newspaper and the Boston Globe and launched a proxy war for board seats. Arturo Elías Ayub, Mr Slim’s son-in-law and the communications director of Mr Slim’s Carso Group, told the FT on Wednesday that they started buying the stock a...
  • Warren Buffett topples Bill Gates as world's richest

    03/05/2008 7:06:22 PM PST · by HAL9000 · 21 replies · 234+ views
    Agence France-Presse ^ | March 5, 2008
    Excerpt - NEW YORK (AFP) — US financier Warren Buffett has overtaken Bill Gates as the world's richest man, according to Forbes annual billionaire's list, which this year saw Russia, China and India making increasing inroads. Buffett, the 77-year-old chief of the Berkshire Hathaway holding company, saw his wealth jump from 52 billion dollars last year to 62 billion, pushing Microsoft co-founder Gates into third position after 13 years at the top. Mexico's telecom mogul Carlos Slim Helu grabbed second place with a tidy nest egg of 60 billion dollars, up from 49 billion last year. ~ snip ~
  • Squeezed by Retail Rivals, CompUSA to Shut Down

    12/07/2007 4:02:27 PM PST · by HAL9000 · 115 replies · 223+ views
    Excerpt - CompUSA Inc. said it has been sold to Gordon Brothers Group, a restructuring firm that will wind-down the retailer's operations and sell off its assets. Financial terms were not disclosed. Dallas-based CompUSA, which is controlled by Mexican billionaire Carlos Slim Helu, said its 103 retail stores will remain open and staffed during the holiday season as it works to sell off some stores and its Internet operations. The company has struggled with increased competition and had been looking at stratetgic alternatives. ~ snip ~
  • Mexico's new robber barons

    08/27/2007 12:26:12 PM PDT · by SwinneySwitch · 25 replies · 1,342+ views
    International Herald Tribune ^ | August 27, 2007 | Eduardo Porter
    Growing up in Mexico City, I always knew Mexico was an unjust country - a place where small coteries of the privileged control all power and wealth while half the population lives in poverty. But it never occurred to me that Mexico would have billionaires. It does. According to Forbes magazine, last year there were 10 Mexicans among the world's 946 billionaires. That might not seem out of line in a country with 100 million-plus people, which accounts for about 1.6 percent of the global economy. But here's what takes the cake, especially if you're Mexican like me. Earlier this...
  • The Secrets of the World's Richest Man [guess which country?]

    08/04/2007 5:47:20 PM PDT · by COBOL2Java · 47 replies · 2,516+ views
    Wall Street Journal (Weekend Journal) ^ | 4 August 2007 | DAVID LUHNOW
    Carlos Slim is Mexico's Mr. Monopoly. It's hard to spend a day in Mexico and not put money in his pocket. The 67-year-old tycoon controls more than 200 companies -- he says he's "lost count" -- in telecommunications, cigarettes, construction, mining, bicycles, soft-drinks, airlines, hotels, railways, banking and printing. In all, his companies account for more than a third of the total value of Mexico's leading stock market index, while his fortune represents 7% of the country's annual economic output. (At his height, John D. Rockefeller's wealth was equal to 2.5% of U.S. gross domestic product.) As one Mexico...
  • Rebels Claim Responsibility For Sears Blast in Mexico

    08/03/2007 11:42:42 AM PDT · by Froufrou · 14 replies · 453+ views
    cnn.com ^ | 08/02/07 | Unknown
    A small leftist guerrilla group claimed responsibility for a homemade bomb that exploded outside a Sears store and another left outside a U.S.-owned bank in southern Mexico. The statement by the People's Revolutionary Army, or EPR, said the action was intended "to hit the interests of Mexican and foreign oligarchy." It was posted late Wednesday, hours after the blast, on a Web site that serves as clearinghouse for Latin American leftist and guerrilla groups. EPR statements with similar language and style have been posted there in the past. The bomb caused no injuries but damaged an entrance to the Sears...
  • Billionaire Pledges Laptops for Poor Mexican Kids

    08/03/2007 10:59:28 AM PDT · by Froufrou · 69 replies · 935+ views
    FOX ^ | 08/03/07 | Unknown
    Billionaire Carlos Slim said he doesn't care if he is the world's richest man and promised to donate hundreds of thousands of laptop computers to Mexican children. The Mexican telecom mogul pledged Thursday to donate 250,000 low-cost laptops to children by the end of the year and as many as 1 million in 2008, saying "digital education" holds the key for Mexico's poor. Slim is listed by Forbes as the world's second-richest man with holdings worth $53 billion, but some financial analysts say he may have overtaken Microsoft (MSFT) founder Bill Gates as the world's richest. • Click here for...
  • (Mexican) Carlos Slim usurps Bill Gates as richest man

    07/04/2007 2:27:49 PM PDT · by paudio · 13 replies · 559+ views
    Telegraph.com ^ | 04/07/2007 | Emma Thelwell
    Bill Gates has been usurped by Carlos Slim, a Mexican telecoms tycoon, as the world's richest person, a Mexican financial website has claimed. Mr Slim, 67, has amassed personal wealth of $67.8bn (£33.6bn), the Sentido Comun revealed in its Who's Who business rich-list published yesterday. More than half of his wealth can be attributed to his 33pc holding in mobile phone group America Movil, worth $36.2bn.
  • Needed In Mexico: More Slims

    07/05/2007 7:27:05 AM PDT · by Kitten Festival · 28 replies · 795+ views
    IBD Editorials ^ | 4 July 2007 | Staff
    Wealth: Mexico's Carlos Slim has surpassed Bill Gates as the world's richest man. As the kvetching starts about why Slim is so rich from a place so poor, the real issue is why his country doesn't have more like him. We can already hear the grousing about how Slim could amass a $68 billion fortune in country where the average income is $6,700 a year and one of seven workers has fled to the U.S. to work illegally. And Slim's net worth is impressive, no matter how it's viewed. For example, it amounts to 8% of Mexico's annual economic output,...
  • Mexican tycoon overtakes Bill Gates as world's richest man

    07/03/2007 7:50:19 AM PDT · by COUNTrecount · 78 replies · 2,165+ views
    Guardian ^ | Tuesday July 3, 2007 | Fiona Walsh
    Microsoft founder Bill Gates looks to have lost his title as the world's richest man, toppled from top spot by the Mexican telecoms tycoon Carlos Slim. Three months ago the cigar-chomping Mr Slim quietly slipped past legendary US investor Warren Buffett to take second place in the global wealth league. Now, thanks to a surge in the shares of his America Movil group, Mr Slim has claimed pole position, according to the Mexican online financial publication, Sentido Común. It was Sentido Común's founder, Eduardo Garcia, who highlighted Mr Slim's rapidly rising wealth in April, although by his calculations the Mexican...
  • Mexico Ruling Could Shake TV Duopoly, Open Door to Competition

    06/03/2007 5:13:21 PM PDT · by Shuttle Shucker · 37 replies · 825+ views
    Wall Street Journal ^ | June 2nd, 2007 | John Lyons
    Mexico's Supreme Court overturned a key provision of a law designed to preserve the dominance of the nation's two television giants, Grupo Televisa SAB and TV Azteca SAB, marking a new willingness by Mexico's government to check the power of corporate dynasties. In issuing the ruling, justices expressed concern that the media duopoly had stifled competition to the detriment of the national interest, suggesting that the Mexican judiciary may become more proactive in seeking to foster competition in industries historically controlled by one or two players. The ruling must be ratified in a second vote, expected soon....
  • Mexico slammed for phone rates

    04/18/2007 8:03:34 AM PDT · by LNewman · 64 replies · 1,030+ views
    LA Times Blogs (La Plaza) ^ | April 13, 2007 | Marla Dickerson
    The Office of the U.S. Trade Representative this week released its yearly review of telecom agreements negotiated with trading partners. In what is becoming an annual ritual, American officials once again reserved special criticism for Mexico's telecom market. USTR is upset about a new system for terminating international long distance calls to Mexico that shifts all the costs to U.S. callers. But what really has them steamed is that Mexico's carriers negotiated interconnection rates even higher than those recommended by the Mexico's Federal Telecommunications Commission, known as COFETEL. The upshot is that U.S. carriers will end up paying $124 million...
  • Profile of Mexico's Carlos Slim, Forbes' 2nd wealthiest person, likely to rise as he nears Gates

    04/18/2007 8:58:18 AM PDT · by Shuttle Shucker · 44 replies · 971+ views
    Washington Post ^ | April 13th, 2007 | Frank Ahrens and Sabrina Valle
    A popular saying in Mexico goes like this: You can't get out of bed in the morning without putting money into Carlos Slim's pocket. Carlos Slim Helú, 67, is el jefe of the Mexican telecommunications industry. He is probably the richest man most Americans have never heard of. That may soon change. In Forbes magazine's annual ranking of the world's richest, released last month, Slim was third. Since then, Forbes estimates that Slim added $4.1 billion to his fortune, surpassing super-investor Warren E. Buffett (while now trailing Gates by about as much). Some Fun Facts about Slim: *His Carso Global...