Mexico's Bolsa Has Weekly Decline on Tax Concerns; Cemex, Televisa Slide

(Bloomberg) -- Mexican stocks fell, heading for a
second weekly loss in three, on concern President Felipe Calderon's
proposed tax bill will reduce company profits.

The benchmark Bolsa index slid 0.4 percent today to 31,720.06
as of 11:54 a.m. in New York, for a weekly loss of 1.3 percent.
Cemex, North America's largest cement producer, led the weekly
decline, hurt by concern that the U.S. housing slump will hurt
earnings.


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