Misplaced Pages

#942057

50-1135: (Redirected from Grupo Financiero Inbursa ) [REDACTED] This article needs additional citations for verification . Please help improve this article by adding citations to reliable sources . Unsourced material may be challenged and removed. Find sources:   "Inbursa"  –  news   · newspapers   · books   · scholar   · JSTOR ( November 2017 ) ( Learn how and when to remove this message ) Grupo Financiero Inbursa, S.A.B. de C.V. [REDACTED] Company type Sociedad Anónima Bursátil de Capital Variable Traded as BMV :  GFINBUR O Industry Financial Founded 1992 ; 32 years ago  ( 1992 ) Headquarters Mexico City , Mexico Products Financial services Revenue [REDACTED] US$ 1.3 billion (2012) Net income [REDACTED] US$ 675.1 million (2012) Total assets [REDACTED] US$ 26.1 billion (2012) Website www.inbursa.com.mx Inbursa

100-498: A 1990 baseline, and to deliver net zero concrete by 2050. In May 2021 CEMEX partnered with British oil company BP to research industry-wide decarbonization of cement production. In 2024, Oishi (Philippine brand) and CEMEX Asia Holdings Ltd. (Philippines) partnered to support sustainable disposal of plastic waste per commitment to environmental stewardship and circular economy principles in industrial operations. “Our partnership with Liwayway allows us to support them with

150-595: A 50% market share; a deal on compensation was still to be reached in March 2009, despite agreements being reached in mid-2008 with the other two major cement producers. In December 2011, an agreement was reached, with Cemex receiving $ 600m in compensation, and benefiting from the cancellation of $ 154m in debt. After having problems with the Mexican peso devaluation of 2008, including problems with derivatives, CEMEX had to rethink its international standings to decrease debt and avoid

200-519: A Colombian cement company in 1996, CEMEX became the third largest cement company in the world. In 1997–1999, the company expanded its scope to include Asia and Africa, making major purchases in the Philippines , Indonesia and Egypt , as well as Costa Rica . The acquisition of U.S. based Southdown made CEMEX the largest cement company in North America, and further international purchases were made in

250-480: A cease and desist order asking for "administration civil penalties", stating that "the operation is narrowing beaches and impacting environmentally sensitive habitat." Cemex denied the allegations and continued to operate. A settlement was reached in 2017 and CEMEX ended mining in December 2020. In 2020 CEMEX announced a new climate action strategy, aiming to lower its overall carbon footprint by 35% in 2030 compared to

300-470: A default. In June 2009, CEMEX sold its Australian operations to Holcim for A$ 2.2 billion ( US$ 1.75 billion) helping refinance its US$ 14 billion debt, which partly was due to the acquisition, two years earlier, of the Rinker Group . In December 2010, DOL Resolves Employee Back Wage Case With CEMEX – The U.S. Department of Labor announced the filing of a consent judgment in a case against CEMEX Inc. and

350-627: A new policy that an employer who interferes with an election will be compelled to recognize the union without an election, where previously a new election would be ordered. The case marked a significant new policy which partly revived the Joy Silk doctrine. CEMEX World Corporate Headquarters is in Monterrey, Mexico and its U.S. operations headquarters is in Memorial City, Houston , Texas . The company operates in over 30 countries/territories around

400-544: A particular trade in this case, and another identifier, typically the three- or four-letter exchange code (such as the Market Identifier Code ), will have to be specified in addition to the ISIN. While usually a stock ticker identifies a security that can be traded, stock market indices are also sometimes assigned a symbol, even though they can generally not be traded. Symbols for indices are usually distinguished by adding

450-413: A security at trading and settlement. The ISIN identifies the security, not the exchange (if any) on which it trades; it is, therefore, not a replacement for the ticker symbol. For instance, Daimler AG stock trades on twenty-two different stock exchanges worldwide and is priced in five foreign currencies; it has the same ISIN on each (DE0007100000), though not the same ticker symbol. ISIN cannot specify

500-547: A simple means of clear communication in the workplace. Many Asian countries use numerical or alphanumerical ticker symbols of only digits and Roman letters to facilitate international trade. Cemex CEMEX S.A.B. de C.V. , known as Cemex , is a Mexican multinational building materials company headquartered in San Pedro , near Monterrey , Nuevo León , Mexico . It manufactures and distributes cement , ready-mix concrete and aggregates in more than 50 countries. In 2020 it

550-657: A stock trades; however, in July 2007, the SEC approved a rule change allowing companies moving from the New York Stock Exchange to the Nasdaq to retain their three-letter symbols; DirecTV was one of the first companies to make this move. When first implemented, the rule change did not apply to companies with one or two-letter symbols, but subsequently any stock was able to move from the NYSE to

SECTION 10

#1732855444943

600-637: A symbol in front of the name, such as a circumflex (or 'caret') ^ or a dot. For example, Reuters lists the Nasdaq Composite index under the symbol .IXIC . In Australia the Australian Securities Exchange uses the following conventions: Three character base symbol with the first and third character being alphanumeric and the second alphabetic. ETFs and ETMFs can be either 3 or 4 characters. Exchange-traded warrants and exchange-traded options are six characters. ETOs can have numbers in

650-534: A third from its plants in the U.S., 30% from its operations in Europe, North Africa, the Middle East and Asia, and the rest from its other plants around the world. CEMEX currently operates on four continents, with 64 cement plants, 1,348 ready-mix-concrete facilities, 246 quarries, 269 distribution centers and 68 marine terminals. In the 2021 Forbes Global 2000 , Cemex was ranked as the 1178th -largest public company in

700-459: Is "T"; accordingly, the company is referred to simply as "Telephone" on Wall Street (the T symbol is so well known that when SBC purchased the company, it took the AT&;T name, capitalizing on its history and keeping the desired single letter symbol). Some examples of US Stock symbols include: Formerly, a glance at a U.S. stock symbol and its appended codes would allow an investor to determine where

750-2662: Is a financial company which, through its subsidiaries, provides banking and related services in Mexico. The company operates business lines in investment funds, general insurance, automobile insurance, mortgages, health insurance, retirement funds and commercial banking. The company is owned by Mexican billionaire Carlos Slim . References [ edit ] [REDACTED] Banks portal ^ "Grupo Financiero Inbursa SAB de CV" . Bloomberg . Retrieved 18 July 2013 . v t e [REDACTED] IPC companies of Mexico (as of 30 July 2021) Alfa Alsea América Móvil Arca Continental Banco del Bajío Banorte Becle Cemex Coca-Cola FEMSA Corporación Inmobiliaria Vesta FEMSA Genomma Lab Internacional Gruma Grupo Aeroportuario Centro Norte Grupo Aeroportuario del Pacífico Grupo Aeroportuario del Sureste Grupo Bimbo Grupo BMV Grupo Carso Grupo Cementos de Chihuahua Grupo Elektra Grupo México Inbursa Kimberly-Clark de México Liverpool Megacable Orbia Peñoles Pinfra Quálitas Regional Telesites Televisa Volaris Walmart de México y Centroamérica v t e Banks of Mexico Central bank Bank of Mexico Development banks Bancomext Banobras Banco del Bienestar Mexican banks Actinver Agrofinanzas Banca Afirme Banco Ahorro Famsa Banco Amigo Banco Autofin Banco Azteca BanBajío BanCoppel Bankaool Banorte BanRegio Bansi S.A. Banco BASE Compartamos Banco Banco Facil (Chedraui) Banco Famsa Inbursa Banco Interacciones Banco Invex Banca Mifel Banco Monex Banco Multiva Banco Ve X + Foreign-owned banks Banamex BBVA México HSBC México MUFG Bank Santander México Scotiabank Retrieved from " https://en.wikipedia.org/w/index.php?title=Inbursa&oldid=1211417337 " Categories : 1992 establishments in Mexico Banks of Mexico Companies based in Mexico City Financial services companies established in 1992 Companies listed on

800-660: Is specific to each stock exchange. In the US, for example, stock tickers are typically between 1 and 4 letters and represent the company name where possible. For example, US-based computer company stock Apple Inc. traded on the NASDAQ exchange has the symbol AAPL, while the motor company Ford's stock that is traded on the New York Stock Exchange has the single-letter ticker F. In Europe, most exchanges use three-letter codes; for example, Dutch consumer goods company Unilever traded on

850-546: Is the International Securities Identifying Number (ISIN). An ISIN uniquely identifies a security and its structure is defined in ISO 6166 . Securities for which ISINs are issued include bonds , commercial paper , stocks , and warrants . The ISIN code is a 12-character alpha-numerical code that does not contain information characterizing financial instruments, but serves for uniform identification of

900-538: The Amsterdam Euronext exchange has the symbol UNA. In Asia, numbers are often used as stock tickers to avoid issues for international investors when using non- Latin scripts . For example, the bank HSBC 's stock traded on the Hong Kong Stock Exchange has the ticker symbol 0005. Symbols sometimes change to reflect mergers. Prior to the 1999 merger with Mobil Oil , Exxon used a phonetic spelling of

950-629: The Molson Coors Brewing Company , uses a similarly beer-related symbol, "TAP". Likewise, Southwest Airlines pays tribute to its headquarters at Love Field in Dallas through its "LUV" symbol. Cedar Fair Entertainment Company , which operates large amusement parks in the United States, uses "FUN" as its symbol. Harley-Davidson uses "HOG", an abbreviation for the corporate-sponsored Harley Owners Group . Yamana Gold uses "AUY", because on

1000-566: The Union Pacific Railroad Company . Stock symbols are unique identifiers assigned to each security traded on a particular market. A stock symbol can consist of letters, numbers, or a combination of both, and is a way to uniquely identify that stock. The symbols were kept as short as possible to reduce the number of characters that had to be printed on the ticker tape , and to make it easy to recognize by traders and investors. The allocation of symbols and formatting conventions

1050-459: The United States , modern letter-only ticker symbols were developed by Standard & Poor's (S&P) to bring a national standard to investing. Previously, a single company could have many ticker symbols as they varied between the dozens of individual stock markets. The term ticker refers to the noise made by the ticker tape machines once widely used by stock exchanges. The S&P system

SECTION 20

#1732855444943

1100-440: The periodic table of elements , "Au" is the symbol for gold . Sotheby's , an auction house, previously used the symbol "BID". Petco uses the symbol "WOOF". While most symbols come from the company's name, sometimes it happens the other way around. Tricon Global , owner of KFC , Pizza Hut and Taco Bell , adopted the symbol "YUM" to represent its corporate mission when the company was spun out of PepsiCo in 1997. In 2002,

1150-468: The 1960s, CEMEX grew significantly when it acquired several more plants throughout Mexico. In 1976, the company went public on the Mexican stock exchange, and that same year, became the largest cement producer in Mexico with the purchase of three plants from Cementos Guadalajara. In 1982, the company made significant progress in overseas markets, doubling its exports. Further acquisitions of Mexican cement companies were made in 1987 and 1989, making CEMEX one of

1200-852: The Barcelona School of Architecture. Also, CEMEX has created the Centro CEMEX-Tecnológico de Monterrey, which is a research and development program for sustainable communities across Mexico thru the Premio CEMEX-TEC. In 2007, the Organization of American States (OAS), through their Trust for the Americas, awarded the company The Corporate Citizen of the Americas Award 2007, for the social benefits of their program "Patrimonio Hoy", in Mexico, that according to José Miguel Insulza , President of

1250-538: The Mexican Stock Exchange Companies in the Indice de Precios y Cotizaciones Mexican brands Hidden categories: Articles needing additional references from November 2017 All articles needing additional references Ticker symbol The first ticker symbol was used in 1867, following the invention of the ticker tape machine by Edward Calahan . It was used to identify shares of

1300-693: The Monterey Bay (California) Unified Air Pollution Control District reported high levels of chromium VI , also known as hexavalent chromium, a cancer causing chemical agent, at an elementary school and fire department in Davenport, California . Chromium VI is the contaminant that inspired the movie, Erin Brockovich . The toxic substance apparently originated from dust emitted by the Cemex Cement plant in Davenport, as

1350-544: The Nasdaq without changing its symbol. CA Technologies , which traded under the symbol CA before it was acquired in 2018, moved from the NYSE to the Nasdaq in April 2008 and kept its two-letter symbol. Unassigned letters: Unassigned letters: In countries where Arabic script is used, and in East Asia , transliterated Latin script versions of company names may be confusing to an unpracticed Western reader; stock symbols provide

1400-830: The OAS, has a positive effect in low-income families. This initiative, conceived in 1998, aims to reduce the Mexican housing deficit, which leaves more than 20 million people with inadequate shelter. Patrimonio Hoy organizes low-income families into self-financing cells that facilitate and expedite the typical homebuilding process. CEMEX and its network provide the products needed but also the technical assistance, including an architect who helps design homes to optimize space and reduce waste. To date, more than 150,000 Mexican families have realized their dreams of home ownership As of 2020, CEMEX Social Responsibility initiatives had benefited over 23 million people in its neighboring communities world-wide. The company also restated its Social Impact policy, with

1450-557: The auspices of the EU Waste Incineration Directive as it burns waste tires for fuel. There are concerns over the impact on both the environment and human health from this practice, although it is common practice in many cement works. In 2021 CEMEX announced investments in Europe to promote an environmentally-friendly “ circular economy ,” safely using waste as a substitute for fossil fuels, including in its Rugby plant. During tests conducted from June 10 to August 5, 2008,

1500-555: The commitment from the holders of more than 50% of the shares to complete the acquisition. Shortly after the apparent finalization of the Rinker deal in 2007, the United States Department of Justice brought an antitrust lawsuit against CEMEX, blocking the acquisition. After a lengthy process, CEMEX complied with regulators by divesting (selling) 40+ cement and concrete plants formerly part of itself or Rinker, essentially devaluing

1550-411: The company "XON" as its ticker symbol. The symbol of the firm after the merger was "XOM". Symbols are sometimes reused. In the US the single-letter symbols are particularly sought after as vanity symbols. For example, since March of 2008 Visa Inc. has used the symbol V that had previously been used by Vivendi which had delisted and given up the symbol. To fully qualify a stock, both the ticker and

Inbursa - Misplaced Pages Continue

1600-453: The company changed its name to match its symbol, adopting the name Yum! Brands . Symbols sometimes change to reflect mergers. Before the 1999 merger with Mobil , Exxon used a phonetic spelling of the company "XON" as its ticker symbol. The symbol of the firm after the merger was "XOM". After Hewlett-Packard merged with Compaq , the new firm took on the ticker symbol "HPQ". (The former symbols were HWP and CPQ.) AT&T 's ticker symbol

1650-615: The company failed to install modern air pollution controls, despite spending millions in renovations. The case was settled in 2009. In February 2021 the U.S. Department of Energy awarded funding for research on carbon-capture at the CEMEX Victorville cement plant. In the United Kingdom, CEMEX was originally fined £400,000 in October 2006 after hazardous dust was deposited up to three miles (5 km) away from its Rugby works. The fine

1700-660: The country as an accidental, previously unknown byproduct of the cement-making process. In 2007, the EPA filed a complaint against CEMEX for violating federal air regulations at its Victorville plant, and in 2006, CEMEX was cited for violations at plants in Santa Barbara and Michigan. Cemex had a sand mining operation in the city of Marina, California , along the Monterey Bay coastline that concerned environmentalists and scientists. The California Coastal Commission in March 2016 issued

1750-487: The exchange or country of listing needs to be known. On many systems both must be specified to uniquely identify the security. This is often done by appending the location or exchange code to the ticker. Although stock tickers identify a security, they are exchange dependent, generally limited to stocks, and can change. These limitations have led to the development of other codes in financial markets to identify securities for settlement purposes. The most prevalent of these

1800-552: The following two years—a Thai company in 2001, and in 2002, a Puerto Rican company. On March 1, 2005, CEMEX completed its $ 5.8 billion acquisition of the London-based RMC Group , which made CEMEX the worldwide leader in ready-mix concrete production and increased its exposure to European markets. With the acquisition, the company expected its annual cement production to increase to 97 million tons. Also they had hoped to see its annual sales grow to $ 15 billion, just shy of

1850-950: The goal of benefiting 30 million people by 2030. Fortune Magazine ranked CEMEX in 39th place in its 2020 Change the World Index. CEMEX has been accused of violating environmental laws in the United States. Environmental watchdog groups and the United States Environmental Protection Agency are threatening to file suit claiming the company has committed numerous violations of the Clean Air Act in Lyons, Colorado . CEMEX divested its operation in Lyons, Colorado, in 2016. The United States Environmental Protection Agency has also filed suit against CEMEX in Victorville, California , claiming

1900-537: The initial deal. In April 2008, the President of Venezuela , Hugo Chávez , announced the nationalization of "the whole cement industry" in that country, in response to the belief that the industry was exporting its products in order to receive prices above those it was allowed within the country. In mid-2008 the Venezuelan government took over the Venezuelan operations of CEMEX, the largest Venezuelan producer with around

1950-704: The levels of Chromium VI measured eight times the air district's acceptable level at Pacific Elementary School and 10 times at the Davenport Fire Department. Both are located less than a half-mile from CEMEX. Chromium VI may have been unwittingly produced at the CEMEX plant in Davenport for the last seven years. According to Ed Kendig, the executive director of the Monterey Bay Unified Air Pollution Control District, it's "highly possible" that Chromium VI continues to be produced across

2000-464: The market leader, Lafarge NYSE :  LR , which had sales of $ 17 billion. As none of these targets was met, CEMEX started looking for another suitor in its M&A push. On October 27, 2006, CEMEX announced a US$ 12.8 billion offer to acquire all of the outstanding shares of Rinker Group , Limited. Seven months later, on April 10, 2007, the Rinker board of directors approved an upgraded offer of USD 14.2 billion, and on June 7, 2007, CEMEX secured

2050-516: The purchase of Spain's two largest cement companies, Valenciana de Cementos (Valcem, currently head of CEMEX Spain) and Cementos SANSON. Venezuela 's largest cement company, VENCEMOS, was acquired by CEMEX in 1994, and plants were purchased the same year in the United States and in Panama . In 1995 CEMEX acquired a cement company in the Dominican Republic , and with the purchase of a majority stake in

Inbursa - Misplaced Pages Continue

2100-421: The recovery of $ 1,514,449 in overtime back wages for 1,705 current and former ready-mix drivers who worked in eight states. In 2016, Cemex sold its Rinker Materials pipe business to Quikrete. In February 2018, the company reported record earnings of $ 750 million for all of 2016, the highest in a decade. Lowering company debt after recent acquisitions were a main cause of the company's financial performance. In

2150-491: The second-quarter 2021 CEMEX reported a net profit of US$ 270 million and a Debt-to-Ebitda 2.85 leverage ratio, within investment-grade range. In July 2022, Cemex acquired majority stake in ProStein, a German aggregates producer. In 2023, the U.S. National Labor Relations Board affirmed findings that Cemex had committed over two dozen unfair labor practices leading up to a 2019 union election. The board used this case to set

2200-967: The sixth character. In Canada the Toronto Stock Exchange TSX and the TSXV use the following special codes after the ticker symbol: In the United Kingdom , prior to 1996, stock codes were known as EPICs, named after the London Stock Exchange 's Exchange Price Information Computer (e.g.: "MKS" for Marks and Spencer ). Following the introduction of the Sequence trading platform in 1996, EPICs were renamed Tradable Instrument Display Mnemonics (TIDM), but they are still widely referred to as EPICs. Stocks can also be identified using their SEDOL (Stock Exchange Daily Official List) number or their ISIN ( International Securities Identification Number ). In

2250-543: The ten largest cement companies in the world. In 2004, CEMEX received the Wharton Infosys Business Transformation Award for their creative and efficient use of information technology. In 2005, CEMEX acquired RMC Group , a ready mixed concrete , quarrying and concrete products company headquartered in Egham, United Kingdom . In 1992, CEMEX began its push into the international landscape with

2300-773: The world including: CEMEX has developed a number of educational and social responsibility initiatives. For example, it instituted the Premio CEMEX , an annual award that recognizes works in the fields of sustainability, accessibility, construction and architecture. Also, it funds the Catedra Blanca , and honors architecture courses in three universities: the ITESM , in Monterrey, the Universidad Iberoamericana , in Mexico City, and

2350-502: The world with over US$ 13 billion in annual sales. The company's world headquarters are in San Pedro Garza García, a city that is part of the Monterrey metropolitan area in the northeastern Mexican state of Nuevo León. CEMEX was founded with the opening of Cementos Hidalgo, in 1906. Meanwhile, Cementos Portland Monterrey began operations in 1920, and in 1931, the two companies merged, becoming Cementos Mexicanos, now CEMEX. In

2400-467: Was later standardized by the securities industry and modified as the years passed. Stock symbols for preferred stock have not been standardized. Some companies use a well-known product as their ticker symbol. Belgian brewer AB InBev , the brewer of Budweiser beer, uses "BUD" (symbolizing its premier product in the United States) as its three-letter ticker for American Depository Receipts. Its rival,

2450-399: Was ranked as the 5th largest cement company (by amount of cement produced annually) in the world, at 87.09 million tonnes. Lorenzo Zambrano was the chairman and chief executive officer until his death on May 21, 2014. The Board of Directors named Rogelio Zambrano Lozano as chairman, and Fernando A. Gonzalez as CEO. About a quarter of the company's sales come from its Mexico operations,

2500-619: Was the highest ever given under the Integrated Pollution Prevention and Control regulations, and was also the highest for an Environment Agency prosecution for six years. The fine was, however, judged excessive by the Court of Appeal and so reduced to £50,000. In April 2007, CEMEX announced that it had installed a £6.5 million dust abatement system at the same works in Rugby, which had cut particulate emissions by 80%. The site comes under

#942057