Mexican Senate Approves Tax Increase on Beer, Move Could Affect Brewery Profits

Mexican press sources reported that the country's Senate approved a tax increase on alcohol and tobacco products, a move that could affect local beer companies like Femsa and Grupo Modelo, producers of the DosEquis and Corona brands.

Youtube Pledges to Help Mexico's War on Drugs with Innovative Campaign

Mexican press sources reported that representatives from Youtube, the internet video service owned by Google Inc. (NASDAQ:GOOG), stated that although the company would not take down or censor "narcocorrido" videos that glorify drug trafficking, it would work with a coaltion of Mexican NGOs, government representatives, and even telecoms tycoon Carlos Slim, to help create web content that shows the negative side of the drug trade.