InfoGroup Inc. agreed to pay $13 million to resolve investors’ claims that directors sold the database-marketing company on the cheap to bail out founder Vinod Gupta, a former financial backer of Bill Clinton.
Sare Holding SAB, the builder offering $1.4 million condominiums on the Pacific coast beach of Acapulco, is struggling to sustain sales and share prices amid increasing bloodshed from Mexican drug cartels.
The center of Tropical Storm Carlotta, the second hurricane of the Eastern Pacific season, was 10 miles (16 kilometers) southwest of Mexico’s Puerto Angel shortly before 8 p.m. East Coast time, the U.S. National Hurricane Center said.
Tropical Storm Manuel may strengthen to a hurricane, bringing new flooding to Mexico, as the nation struggles to clean up after two storms that killed at least 80 people and trapped thousands of tourists in the resort city of Acapulco.
Grupo Aeromexico SAB is expanding international service and using more fuel-efficient planes to boost profit as competition from low-cost carriers spurred the fastest domestic sales decline since it went public in 2011.