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Elektra buys Blockbuster Mexico for $31 mn

Mexico City, Jan 15 (EFE).- Mexican financial and specialty retail corporation Grupo Elektra announced that it acquired a 100 percent stake in video rental chain Blockbuster de Mexico as part of a plan to expand its entertainment services. A company spokesman told Efe that Elektra acquired Blockbuster Mexico from its parent, Colorado-based satellite service provider Dish Network Corp., for 408 million pesos ($31.1 million).

Peasant leader gunned down in southern Mexico

Mexico City, Jan 7 (EFE).- A peasant leader in the southern Mexican state of Oaxaca was gunned down Tuesday, but the motive for the killing has not been determined, prosecutors said. Inocente Maximino Cortes Garcia was killed in the city of Miahuatlan de Porfirio Diaz, the Oaxaca Attorney General's Office said. Cortes Garcia's body had "several gunshot wounds," the AG's office said in a statement. Six bullet casings were found at the shooting scene, prosecutors said. "No line of investigation has been ruled out," the AG's office said.

Mexico's Lopez Obrador back in action after heart attack

Mexico City, Jan 6 (EFE).- Mexican ex-presidential candidate Andres Manuel Lopez Obrador on Monday made his first public appearance since suffering a heart attack early last month. "Today the government has become a committee at the service of influence peddlers and corrupt politicians," he said at the opening of a meeting of directors of his National Regeneration Movement, or Morena. Lopez Obrador, 60, underwent surgery Dec. 3 after walking into a Mexico City hospital complaining of symptoms that turned out to be the result of a heart attack.

Mexico's Lopez Obrador back in action after heart attack

Mexico City, Jan 6 (EFE).- Mexican ex-presidential candidate Andres Manuel Lopez Obrador on Monday made his first public appearance since suffering a heart attack early last month. "Today the government has become a committee at the service of influence peddlers and corrupt politicians," he said at the opening of a meeting of directors of his National Regeneration Movement, or Morena. Lopez Obrador, 60, underwent surgery Dec. 3 after walking into a Mexico City hospital complaining of symptoms that turned out to be the result of a heart attack.

Zapatistas mark uprising's 20th anniversary

Thousands of people gathered in a southern Mexico rebel bastion on Wednesday to mark the 20th anniversary of the Zapatista movement's New Year's Day uprising. "It is time to strengthen and globalize the resistence and rebellion," Comandante Hortensia told the crowd at a midnight ceremony in Oventic, a stronghold of the Zapatista National Liberation Army (EZLN) where people celebrated with song and dance.

Zapatistas mark uprising's 20th anniversary

Thousands of people gathered in a southern Mexico village on Wednesday to mark the 20th anniversary of the Zapatista rebellion's New Year's Day uprising. "It is time to strengthen and globalize the resistence and rebellion," Comandante Hortensia told the crowd at a midnight ceremony in Oventic, one of the five village bastions of the Zapatista National Liberation Army (EZLN) that celebrated with song and dance.

Chinese iron trade fuels port clash with Mexican drug cartel

By Dave Graham LAZARO CARDENAS, Mexico (Reuters) - When the leaders of Mexico and China met last summer, there was much talk of the need to deepen trade between their nations. Down on Mexico's Pacific coast, a drug gang was already making it a reality. The Knights Templar cartel, steadily diversifying into other businesses, became so successful at exporting iron ore to China that the Mexican Navy in November had to move in and take over the port in Lazaro Cardenas, a city that has become one of the gang's main cash generators.

Zapatista rebels mark 20 years with same old problems

When the masked Subcomandante Marcos emerged in Mexico's southern mountains with his band of Zapatista rebels on January 1, 1994, they demanded change for the destitute indigenous people of Chiapas. But 20 years later, the pipe-smoking revolutionary and his comrades have retreated to remote communities, the media spotlight has dimmed and Chiapas remains Mexico's poorest state. The Zapatistas will mark their rebellion's anniversary with fiestas in their villages on Wednesday, but not with the same attention they received when they first burst into the scene.

Mexican president signs law opening oil industry

Mexico's President Enrique Pena Nieto signed a controversial law Friday opening the country's oil industry to foreign investment for the first time since it was nationalized in 1938. Pena Nieto approved the bill after it passed Congress and a majority of Mexican states voted to ratify it. He called the measure "one of the most transcendent bills in the past half-century," arguing that it has the potential to radically and quickly improve Mexico's economic fortunes.

Peña Nieto signs Mexico energy-overhaul bill

Mexico City, Dec 20 (EFE).- President Enrique Peña Nieto signed an energy-overhaul bill here Friday that amends Mexico's constitution to allow private companies to develop crude reserves for the first time since 1938. The signing ceremony took place at the National Palace and was attended by legislators and high-ranking officials. The overhaul still must be published in the official gazette and will take effect a day later, although secondary legislation related to the constitutional changes remains pending.
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