Mexico

News Byte

Mexican Court Tosses $2.75 Billion Award Against Yahoo

John Murrell in News on May 16 at 2:18 pm PT

The folks at Yahoo are breathing a bit easier on word today that the Superior Court of Justice for the Federal District in Mexico reversed a lower court’s preliminary damage award of $2.75 billion won in a suit filed by Worldwide Directories and Ideas Interactivas. The plaintiffs had sued Yahoo and Yahoo Mexico over alleged breach of contract and lost profits of a yellow pages listing service. The latest ruling leaves intact only $172,500 in damages against Yahoo Mexico. An appeal is possible.

Voices

Apple Suffers Setback in Dispute Over iPhone Name in Mexico

Anthony Harrup, Reporter, The Wall Street Journal in News on March 16 at 4:06 pm PT

Mexico’s Supreme Court rejected Apple’s appeal against a ruling that a technology services firm owns and makes proper use of the “Ifone” brand name in the country.

Q4 Earnings Call: Mayer Says “Chain Reaction” Needed to Blast Yahoo Into the Future

Kara Swisher in News on January 28 at 2:11 pm PT

Turnaround via nuclear fission.

Voices

The Next Emerging Tech Powerhouse: Latin America

M. Christopher Johnson, Editor, Latin America Startup Blog in Voices on September 12, 2012 at 8:00 am PT

Hackathons and pitch contests indistinguishable from those in Silicon Valley, but in Spanish.

How E-Commerce Is Expanding Internationally, One Package at a Time

Tricia Duryee in Commerce on February 13, 2012 at 7:00 am PT

Retailers are realizing that another way to juice revenues is to open up their sites to international markets — if they can manage the logistics.

Nokia to Cut 4,000 Manufacturing Jobs as It Shifts Production Work

Ina Fried in Mobile on February 8, 2012 at 12:55 am PT

The Finnish cellphone maker plans to reduce the amount of work done at plants in Hungary, Mexico and Salo, Finland.

Facing Real-World Violence, Anonymous Backs Down From Drug Cartel

Arik Hesseldahl in News on November 2, 2011 at 6:09 am PT

A planned campaign by the hacking troupe Anonymous against a Mexican drug cartel is called off. The threat of getting arrested is one thing. The all-too-real threat of getting killed is quite another.

U.S. Strikes Deals With Canada and Mexico for Spectrum Sharing in Border Areas

Ina Fried in Mobile on August 1, 2011 at 2:13 pm PT

The Federal Communications Commission said Monday it had reached accords with our neighbors to the north and south on sharing certain wireless spectrum in border areas.

LinkedIn Reaches 100 Million Users

Liz Gannes in Social on March 22, 2011 at 4:50 am PT

The professional online network LinkedIn, which has filed to go public, now has 100 million members, and is growing at a rate of one million new members per week.

News Byte

Spanish Private-Sales Site Privalia Expands to Germany Via Acquisition

Tricia Duryee in Commerce on March 7, 2011 at 3:46 pm PT

The online private-sales retailer Privalia, which operates in Spain, Italy, Brazil and Mexico, is buying Germany’s Dress for Less. Reuters said that according to its sources, Privalia paid between $210 million and $280 million. On Monday, Privalia raised roughly $123 million from private equity firms General Atlantic, Highland Capital Partners, Index Ventures and Insight Venture Partners to fund the transaction, which also included debt and shares. Together, Privalia is forecasting that they will achieve triple-digit revenue growth this year to around 400 million euros. In December, eBay purchased Germany-based brands4friends for $200 million.