Archive for the ‘business’ Category
U.S. Says Chiquita Banana is a Terrorist
2:52 pm By Jennifer Woodard Maderazo · business|Colombia · 2 Comments
14 Mar 2007
Seems like Ms. Chiquita Banana was packing more than fruit in her sombrero, at least according to U.S. Federal prosecutors.
Federal prosecutors said the company and several unnamed high-ranking corporate officers did business with the United Self-Defense Forces of Colombia. The group is described in court documents as a violent right-wing organization that the U.S. has designated as a terrorist organization.
The company also did business with the leftist Revolutionary Armed Forces of Colombia, or FARC, according to prosecutors.
Televisa to Sell Univision Shares
1:22 pm By Jennifer Woodard Maderazo · business|TV · Comments Off
28 Feb 2007
Mexican media megacompany Televisa isn’t happy with Univision‘s new choice of chief executive.
Broadcasting Media Partners Inc., the investor group that is buying Univision, announced on Tuesday that Joe Uva will become chief executive of Univision on April 1. Broadcasting Media Partners said it expects the acquisition to close in March.
Televisa and Univision have been at odds with each other over internet distribution rights and a program license agreement. The latest beef between the two stems from a rejected bid from Televisa to acquire Univision.
Via / Forbes
Hershey Goes Mexican
1:04 pm By Jennifer Woodard Maderazo · business|Labor|mexico · 1 Comment
15 Feb 2007
This day after Valentine’s Day, many of us may be indulging in chocolate sweetness given to us by our sweetie. 1,500 employees of Hershey Co. are likely cursing the confection since today the company announced that their jobs will be cut. In addition to the cuts, The largest U.S. chocolate maker also said it was planning to build a manufacturing plant in Monterrey, Mexico and outsource some jobs to that plant.
The moves come as the company looks to free up more money to spend on marketing as it tries to regain lost market share from archrival Mars Inc. The overhaul is expected to reduce annual costs by $170 million to $190 million by 2010, it said.
U.S. pizza chain will accept Mexican pesos
1:36 pm By Jennifer Woodard Maderazo · business|Marketing|Money · 1 Comment
8 Jan 2007
I’ve written before about how a relatively little-known pizza chain called Pizza Patrón is doing an amazing job catering to Spanish-speaking customers, mainly recent immigrants from Mexico, by tailoring their marketing — and their menu — to the tastes of that community. In another smart and surprising move, the chain has announced that they will be accepting Mexican pesos at their stores:
Starting Monday, patrons of the Dallas-based Pizza Patrón chain, which caters heavily to Latinos, will be able to purchase American pizzas with Mexican pesos.Restaurant experts and economists said they knew of no other food chain with locations so far from the Mexican border offering such a service.
“We’re trying to reach out to our core customer,” Antonio Swad, president of Pizza Patrón Inc., said Friday.
“We know they come back [from Mexico] and have pesos left over. We want to be a convenient place for them to spend their pesos.”
Looking For Latina Owned Businesses Online?
4:21 pm By Jennifer Woodard Maderazo · business|Entrepreneurs|Marketing · Comments Off
4 Dec 2006
If you’ve been looking for one source for Latina owned businesses than look no more. The Hispanic Business Women’s Alliance (HBWA) has launched a new, interactive Online Directory of Latina Business Owners and Professionals at http://www.latinamarketplace.com.
This online directory will help Internet shoppers easily find and do business with Latina Business Owners and Professionals in the United States, Puerto Rico, and the U.S. Virgin Islands, registered in the Directory. “According to the latest U.S. Bureau of the Census report (2002), there are 540,909 Latina owned businesses in the United States and another 111,287 Latina businesses jointly owned with a male partner. All are excellent prospects to be registered in this new Directory,” stated Lourdes Aponte-Rosario, President of HBWA and Publisher of the Online Directory.
Mapuches Vs. Microsoft
8:12 am By Jennifer Woodard Maderazo · business|Chile|language · 2 Comments
27 Nov 2006
Microsoft Corporation isn’t making any friends in Chile after it rolled out a Windows software package in Mapudungun, the langauge of the Indigenous Mapuches who are mostly based in the south of the South American nation.
At the launch in the southern town of Los Sauces, Microsoft (Charts) said it wanted to help Mapuches embrace the digital age and “open a window so that the rest of the world can access the cultural riches of this indigenous people.”
But Mapuche tribal leaders have accused the U.S. company of violating their cultural and collective heritage by translating the software into Mapudungun without their permission.
They even sent a letter to Microsoft founder Bill Gates accusing his company of “intellectual piracy.”
The U.S. Hispanic Chamber of Commerce Doesn’t Like Fences
10:49 am By Jennifer Woodard Maderazo · business|Immigration · Comments Off
26 Oct 2006
The United States Hispanic Chamber of Commerce, an advocacy organization representing two million Hispanic-owned businesses in the U.S. issued a statement today regarding the planned signing by President Bush of the U.S. Mexico Border Bill that will put in place a 700-mile long fence along the southern border.
“On behalf of our USHCC Board of Directors, we are extremely disappointed by the President’s decision to sign the U.S.-Mexico Border Bill into law and do it during a nationally-televised White House ceremony. Rather than cheering and applauding the President and our Congressional leaders for a law that promotes misguided enforcement- only legislation that builds fences between allies, hurts small businesses and pushes 12 million people further into the shadows, we should be demanding that our national leadership seek comprehensive solutions to this complex issue. We further call on the President and those Congressional leaders that originally promised to seek true comprehensive reform to live up to their commitments.” said David C. Lizárraga, USHCC, Chairman of the Board of Directors.
Via / Hispanic PR Wire
7-11 Doesn’t Want You to Gulp Venezuela’s Oil
11:15 am By Jennifer Woodard Maderazo · business|Shopping|Venezuela · 4 Comments
28 Sep 2006
Being a NYC chica who uses mass transit to travel and bodegas for some of her fast food shopping needs, the news of 7-Eleven Inc. dropping Venezuela-owned Citgo as its gasoline supplier after more than 20 years doesn’t really impact me. Pero it probably will influence drivers across the U.S. and the oil market in Venezuela. According to the corporate heads from the convenience store chain, the decision was at least partially motivated by Venezuela’s President Hugo Chavez’s recent comments before the United Nation’s General Assembly.
VLMIL Candidate #15: Carlos Slim
12:54 pm By Jennifer Woodard Maderazo · business|Money|Polls2006|VivirLatino · 3 Comments
26 Jul 2006
Name: Carlos Slim Helú
Age: 66
Occupation: Billionaire businessman
Place of Residence: Mexico City
Bio: Carlos Slim Helú was born the son of Lebanese immigrant shop owners in Mexico City. From Wikipedia: “His father Julián Slim (Yusef Salim) Haddad, a Lebanese Maronite Christian, fled as a teenager to Mexico City in 1902, to escape the harsh military rule of the Ottoman Turks. Julián established a dry goods store called La Estrella del Oriente (Star or the Orient) in 1911, and shrewdly bought up some prime real estate in the city centre. Julián married the daughter of another prosperous Lebanese merchant, and had six children, of which Carlos was the fifth.”
Univision will sell for more than 12 billion
12:08 pm By Jennifer Woodard Maderazo · business · 3 Comments
27 Jun 2006
For all those who still doubt whether the Latino market in the U.S. is lucrative, I point you to this piece of news. Univision, the leading Spanish language in the United States is preparing to be purchased by a group of investors at a whopping 12.3 billion dollars.
Univision Communications Inc.’s board has agreed to sell the nation’s largest Spanish-language broadcaster for $12.3 billion in cash to a consortium of investors, the parties involved in the sale announced early Tuesday.The figure agreed upon late Monday equals $36.25 a share, according to a news release on the sale. That’s a 13 percent premium to Univision’s closing stock price on Monday. The group of investors will also assume about $1.4 billion in debt.
The investors have won out after a struggle for the property with Mexico’s TV giant Televisa.
The group said of the newly acquired media property:
“Univision is truly a one-of-a-kind property,” the acquiring group said in a joint statement. “It is an outstanding media brand with exceptional positions in the fastest-growing markets in the country, world-class assets, strong management, popular programming and unmatched ratings.”
Via / Yahoo! Entertainment
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