Mexico News
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Updated 1 hour, 4 minutes ago
Cobalt International Energy Inc., the explorer seeking oil in the U.S. Gulf of Mexico and West Africa, fell the most in more than four months after Goldman Sachs Group Inc. and other backers sold 50 million shares at a discount to yesterday’s closing price.
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Updated 8 minutes ago
A Republican senator wants to limit the number of immigrants granted permanent U.S. residency, while a Democratic senator is seeking protection for same-sex couples as part of legislation to revise immigration laws.
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Updated 23 minutes ago
As Wal-Mart Stores Inc. prepares to anoint the fifth chief executive in its history, the world’s largest retailer is grappling with challenges founder Sam Walton never faced.
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The Women’s Tennis Association will move its season-ending championships to Singapore for five years starting in 2014, as the organization tries to increase its fan base in Asia.
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The selection of Brazil’s Roberto Azevedo as the next head of the World Trade Organization may help ease emerging markets’ resistance to removing barriers as part of global trade talks.
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Exxon Mobil Corp., the largest U.S. oil company, said it will invest more than $4 billion in the development of its Julia oil field in the Gulf of Mexico.
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Gulf of Mexico crudes on the spot market weakened as Brent declined, making cargoes from overseas more attractive to buyers.
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Emerging stocks rose to an eight-week high, almost erasing this year’s drop, as foreign inflows boosted Indian shares and homebuilders paced gains in Brazil.
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Wal-Mart Stores Inc.’s board, as it prepares for new leadership at the company, has identified two internal candidates to succeed Chief Executive Officer Mike Duke, according to a person familiar with the situation.
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Brazil’s swap rates fell before a report forecast to show annual inflation slowed in April, encouraging speculation that the central bank will limit increases in borrowing costs.
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