Mexico's state-owned Pemex oil company said that the new oil fields it discovered two years ago in the Gulf of Mexico could yield more than two billion barrels of oil. Pemex director Juan Jose Suarez said the Ayatzil-Tekel reserves consisted of heavy crude oil, while those of Tsimin-Xux were light sweet crude. The oil fields, located in Campeche Sound ...

A TALE OF TWO CONSUMERS: The economic recovery is proceeding at different speeds. Unemployment remains high. Yet a British automaker said Thursday it's betting on the super-rich, introducing a new $200,000 car for sale in North America. OTHER SIGNS OF DIVIDE: Luxury retailers are seeing stronger ...

US President Barack Obama will host Mexican President Felipe Calderon for a state dinner in May, in recognition of their "deep ties and strong relationship," the White House said Thursday. The second state dinner of Obama's presidency will take place on May 19, White House spokesman Robert Gibbs said, and will follow Michelle Obama's first solo trip as ...

FBI agents and police swooped Thursday on suspected members of a gang thought to be involved in the slaying of three people linked to the US consulate in Ciudad Juarez, Mexico, an official said. Some 200 federal, state and local law enforcement officers launched raids early Thursday in southern New Mexico and around the Texas border city of El Paso ...