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Reuters first with ruling against Grupo Mexico in Asarco case04.02.2009
Grupo Mexico shares sank 15 percent after Reuters was first with news on April 2 that a U.S. court had found in favor of Asarco and against Grupo Mexico - a decision that could cost Grupo Mexico more than $6 billion. Reuters was followed 23 minutes later by Dow Jones and 30 minutes later by Bloomberg. Grupo Mexico was forced to seek a halt in share trading. Reuters Mexico was also ahead of the competition with news the next day that Grupo Mexico would appeal the decision, and its stock recovered some of the losses. |
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