Mexican Regulator Nixes Railroad Merger

Mexico’s competition commission rejected the merger of two railroads owned by Grupo Mexico, the country’s largest copper producer. Kansas City Southern Industries, which owns the third of the country’s main railroad networks, had complained the merger would hurt competition. Grupo Mexico bought Ferrosur, which operates mainly in the south, from magnate Carlos Slim, to merge it with operations in northern Mexico. The company said it will examine its options now.