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United Way Giving More Money to Charities

In what some see as the latest sign of United Way's recovery from the economic downturn, dozens of charities were told Thursday that they'll get more money next year, thanks in part to $1.2 million taken from reserves.

Banks Call on G20 to Avert Global Recession

Agence France-Presse

The global banking lobby IIF called on Group of 20 leaders to act decisively and jointly at their summit in Mexico next week to avert the risk of another worldwide recession.

Mexico Replaces China as US Low-Cost Supplier

Bloomberg News

The cheap labor that is helping Mexico surpass China as a low-cost supplier of manufacturing goods to the U.S. has restrained progress for many of the country's 112 million citizens.

Statisticians Say Don't Rob a Bank; It's Not Worth It


A group of scientists armed with a "normally confidential data set" decided to test the financial realities of robbing banks and they found that it simply doesn't pay - enough.

Mexican Law Won't Apply to US Oil Companies

Courthouse News Service

Mexico's state-owned oil company Pemex cannot file claims under its national law against the U.S. oil companies it accuses of importing stolen natural gas condensate, a federal judge ruled.

Costco to Buy the Rest of Costco Mexico

Dow Jones

Costco Wholesale Corp. plans to buy the rest of Costco de Mexico, a joint venture between the wholesale-club operator and a Mexican retailer, for $760.4 million in cash.

75% of Young Adults Gave to Charity Last Year

About 75 percent of young people who provided data for the 2012 Millennial Impact Report said they gave money to a nonprofit in 2011, while 70 percent said they have helped solicit donations by encouraging colleagues and others to support a cause.

Mexican Cartel 'Laundered Money Through US Horse Breeding'

Associated Press

US federal agents have raided a ranch in Oklahoma and a prominent horse track in New Mexico, alleging the brother of a high-ranking official in a Mexican drug cartel used a horse-breeding operation to launder money.

Mexican Retail Association Says May Sales Rose

Dow Jones

Mexican retail association Antad said Tuesday that sales increased 12.3% on the year in May at its member establishments while same-store sales rose 5.4%.

Illicit Funds From Mexico Find Safe Haven in US


Global Financial Integrity's report on Mexico found that $872 billion in illicit finances left the country from 1970 through 2010.

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