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MEXICO CITY (Reuters) - Mexico’s biggest retailer, Wal-Mart de Mexico (WALMEX.MX), reported on Thursday a 7.9 percent rise in third-quarter revenue, capitalizing on sales traffic in Mexico that compensated for slow growth in Central America and a tough comparison base. The company, known as Walmex, said its net profit of 8.7 billion pesos ($464 million) posted little growth compared with the year-earlier period, when Walmex still registered profits from its sale of clothing chain Suburbia.

Its net profit was a bit higher than in the July-September period last year, while revenue climbed to 147.8 billion pesos, both tracking analyst estimates, Walmex Chief Executive Guilherme Loureiro said in a conference call that same-store sales remained the company’s “main growth driver,” especially in Mexico, He said the company expected weaker results in Central America, Political turmoil in Nicaragua has been a university of georgia bulldogs cufflinks particular obstacle, Chief Financial Officer Olga Gonzalez told the call..

“We are not satisfied. There is still a lot of work to be done,” she said of the region. Gonzalez also said Walmex was in a “heavy investment” phase focused on prices, salaries, new stores, logistics, technology and e-commerce. Parent company Walmart (WMT.N) expects to complete its $225 million acquisition of Latin American food delivery service Cornershop by year’s end, a move that would help Walmex ramp up its online grocery business. Walmex’s digital payments system, Cashi, which was rolled out in August, is expected to drive online shopping, Loureiro said.

(Reuters) - Micron Technology Inc (MU.O) said on Thursday it planned to take full control of IM Flash Technologies joint venture university of georgia bulldogs cufflinks with Intel Corp (INTC.O), The deal terms include payment of about $1.5 billion in cash, as well as taking over Intel’s debt to the venture, which was about $1 billion as of Aug, 30, Micron said, Intel and Micron initially contributed about $1.2 billion each to set up IM Flash Technologies in 2006, IM Flash (Intel-Micron Flash) makes 3D XPoint used in data centers and high-end computers and the joint venture is already consolidated in Micron’s reported financial statements..

In July, the two chipmakers decided to conclude joint development of 3D XPoint technology and to pursue operations independently. Micron does not anticipate the transaction to impact its financial results or change its fiscal 2019 capital expenditures. The company can exercise a call option starting Jan. 1, 2019 and the transaction is expected to close between six and 12 months after Micron exercises the option. Based on prior agreements, Micron will sell 3D XPoint memory wafers to Intel for up to a year after close.

(Reuters) - Goldman Sachs Group Inc on Thursday joined the growing list of high-profile businesses snubbing a Saudi investment conference next week amid mounting pressure on Riyad over the disappearance of journalist Jamal Khashoggi, A number of top bankers and university of georgia bulldogs cufflinks business leaders, including the CEOs of JP Morgan Chase & Co, Blackstone Group LP, BlackRock Inc and the chairman of Ford Motor Co, have pulled out of the event in recent days, U.S, Treasury Secretary Steven Mnuchin on Thursday also abandoned plans to attend..

In an interview with CNBC, Goldman CEO David Solomon said the bank was not sending any senior executives. He said that Dina Powell, a Goldman executive who rejoined the bank earlier this year after serving as an adviser to President Donald Trump, had initially planned to attend but would not go. “This incident is unacceptable and clearly they have to answer questions specifically regarding this incident,” Solomon said. “How they answer those questions and how more information becomes apparent will have an impact on how we all interact.”.

Other chief executives are still torn over whether to attend, Siemens CEO Joe Kaeser on Tuesday said he had not yet made up his mind whether to attend the event in a country where his company has almost 2,000 employees and had some 1.4 billion euros in sales in 2017, “There is a person missing… there is a massive concern, On the other hand, if we skip communicating with countries where people are missing, I just can stay home because I cannot university of georgia bulldogs cufflinks talk to anybody anymore,” he said at an event in Toronto..

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