14 | LMT BUSINESS JOURNAL MONDAY, MARCH 24, 2008 MONDAY, MARCH 24, 2008 LMT BUSINESS JOURNAL | 3 MARKET WATCH IBC appoints Memo Treviño to bank’s board SPECIAL TO THE TIMES “I am proud to say that I Guillermo “Memo” Treviño, have lived in president of Southern Distributing, Laredo for most was recently appointed to the of my life and it Board of Directors of International is amazing to Bank of Commerce headquartered see the growth in Laredo. our city has The board consists of leaders experienced in from all parts of IBC’s market and TREVIÑO such a short provides the vision and leadership period of time,” Treviño said. “I to develop, encourage, promote look forward to working closely and protect the business, tourism, with other board members as we industry and educational interests continue to make positive changes of the bank and the communities it in our community. serves. “It is an honor and privilege “I have had the distinct pleasure to be part of a group that has the of working with Memo and I can ability to make a huge impact on truly say that his recent board the future of the citizens of appointment will add great Laredo.” strength to our existing board of Treviño is a graduate of Rice directors. Memo has been a civic University and has been a leader in and business leader for many numerous community organiza- years, proving his worth every step tions and on professional boards of the way,” said IBC Chairman over the years, including: director of and CEO Dennis E. Nixon. the San Antonio branch of the “His insight and passion for Dallas Federal Reserve Bank, past ensuring the growth and success of president of the Laredo Chamber of BRIEF CASE the Laredo area is second to none and I look forward to seeing the Commerce, board member of the Laredo Boys and Girls Club, mem- changes and improvements he will ber of the TAMIU College of Feds open criminal pay an initial down payment of $1.3 billion to the Federal Communications advance of Friday’s talks that oil was just one item on a long list of benchmark indicator slipped. Trading was subdued because Bain’s reasons for pulling out of the deal. It has also said it will pursue bring to our board and the commu- nities we serve.” Business Advisory Council, past president of the Laredo probe into Alcoa Commission for its portion of wireless discussion topics which include many financial markets including the $66 million breakup fee. Following in his father’s foot- Development Foundation, director spectrum licenses it won in a govern- Iran, Syria, Lebanon, protecting that in the United States were steps, Treviño, along with his and vice president of the George PITTSBURGH — The U.S. Justice Department has begun a criminal ment airwaves auction. AT&T says it will pay the down infrastructure against terror attacks and the vice president’s visits this closed ahead of the Easter holiday on Sunday. EDF eyes Spanish brothers and sisters, has taken over the family businesses. He Washington’s Birthday Celebration Association, member of the Doctors investigation into whether alu- payment, of which $500 million was week to Iraq and Afghanistan. energy market has served as president of Hospital Board of Directors, mem- minum maker Alcoa Inc. participat- ed in bribery in the Persian Gulf paid prior to the start of the auction, within the next 10 business days, Cheney was to review with Saudi King Abdullah steps that consum- 3Com shareholders PARIS — The French utility Southern Distributing in Laredo for more than 10 years. Through ber of the Rice University Goliard Scholarship Board of Governors state of Bahrain. according to a regulatory filing Friday. ing and producing nations can do, OK defunct $2.2B deal Electricite de France SA has had his hard work and dedication, and a Texas Scholars presenter, to In documents filed Thursday in The remaining balance of $5.3 billion both in the short and long term, to exploratory talks with the Spanish Laredo’s economy continues to name a few. U.S. District Court, federal prosecu- will be paid on or before April 17. stabilize the market. WASHINGTON — In approving a construction company ACS and is flourish through sales and distri- Additionally, Treviño is a strong tors asked a judge to halt a federal The San Antonio, Texas-based defunct $2.2 billion buyout by Bain interested in the Spanish energy bution. advocate for Texas business and civil lawsuit that accused Pittsburgh-based Alcoa of bribing company says it will use funds from operations and either short-term or Japanese, Korean Capital Partners LLC and its Chinese partner, 3Com sharehold- market, a spokeswoman for EDF said Friday. Treviño has also been involved with a variety of start up compa- the continued economic develop- ment of the state and for corporate officials through overseas shell long-term debt to fund the purchase markets rise ers cleared the way for a legal battle But spokeswoman Carol Ritrivi nies including ICSI, Laredo’s first social responsibility, service and companies to secure hundreds of price. over a $66 million breakup fee. declined to comment on a report internet service provider. charitable outreach. Treviño has millions of dollars in overpayments. BANGKOK, Thailand — Asian In a Friday filing with the U.S. Friday in The Wall Street Journal that Additionally, he spent time in received outstanding recognition Aluminum Bahrain B.S.C., also known as Alba, in which the Bahrain VP, Saudis to talk stock prices mostly rose in light trading Friday after a turbulent Securities and Exchange Commission, 3Com said nearly 70 EDF and ACS are in advanced talks about teaming up to buy two Spanish Washington, D.C., gaining experi- ence with the U.S. Department of for his work in the community and he exemplifies the positive force government holds a 77 percent stake, about oil security week. Trading was light, however, percent of its shareholders were in utilities for more than $100 billion. Commerce and the U.S. House of needed to improve the business is seeking more than $1 billion in as most markets worldwide were favor of the acquisition by the The newspaper, citing unidenti- Representatives. Treviño’s diver- landscape in Laredo. damages from Alcoa and other affili- RIYADH, Saudi Arabia — High closed for Good Friday. Boston-based private-equity firm fied people close to the discussions, sified and well-rounded back- International Bancshares ated defendants, according to a fed- oil prices paining U.S. consumers is Japan’s key stock market index and Huawei Technologies Co. said EDF and ACS — whose full ground has allowed him to make a Corporation (NASDAQ: IBOC) is eral lawsuit filed last month. a key topic of Vice President Dick rose 1.8 percent, while South On Thursday, Bain said it was name is Actividades de significant impact in various an $11.2 billion multi-bank Cheney’s talks Friday with Saudi Korean shares extended their win- ending its efforts to complete the Construccion y Servicios SA — have facets of the Laredo business financial holding company AT&T to pay FCC King Abdullah, yet it’s unclear whether Cheney will ask the Saudis ning streak into a fourth session as its key market indicator gained 1.4 acquisition, citing impeding nation- al security concerns by the U.S. gov- discussed forming a bidding team that would make simultaneous landscape including franchise operations and management, headquartered in Laredo, Texas, with more than 255 facilities and $1.3B down payment to increase production to bring percent. Prices edged up in ernment. offers for two Spanish utilities, retail operations, economic devel- more than 400 ATMs serving down prices at the pump. Thailand and Malaysia, while 3Com, which is based in Iberdrola DS and Union Fenosa SA. opment, logistics, and communi- 100 communities in Texas and NEW YORK — AT&T says it will Cheney’s advisers cautioned in stocks were mixed in China as a Marlborough, Mass., is disputing —Compiled from AP reports cations. Oklahoma.
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