Mexico's America Movil net Rises in Second Quarter

Mexico's America Movil, the biggest cell phone company in Latin America, rose by 14 percent in second-quarter earnings on Wednesday as it added 5.1 million new wireless subscribers. The company, one of the largest wireless companies in the world, ended June with 236 million cell phone clients from the United States to Argentina. Brazil, Mexico and Colombia account for 60 percent of the wireless base. Click here to get the full story on what this means for the Mexican economy.