The United States has issued a new warning to Mexico over money laundering tied to drug trafficking. This time, the focus is on two banks— CIBanco and Intercam — and the brokerage firm Vector. They are accused of being involved for years in laundering money for criminal organizations and facilitating payments in Asia for the
Los Angeles-based investment firm Transom Capital Group agreed to acquire SigmaTron International Inc. for $18.5 million. An affiliate of Transom will acquire all outstanding shares of the company’s common stock for $3.02 per share in cash, representing a total enterprise value of approximately $83 million. The purchase price represents a premium of 134% over the
CAIRO (AP) — African soccer leader Patrice Motsepe was re-elected Wednesday and urged working with private financiers to help federations build national stadiums in countries where government budgets are tight. The 54 member federations of the Confederation of African Football — 12 of whom currently cannot host national-team games in international competitions — elected Motsepe