Costa Rican market News

Vehicle Theft Drops Again in 2006

In 2006, 1,192,809 motor vehicles were reported stolen which is 42,417 fewer than in 2005, representing the third year in a row that vehicle theft has declined. Even so, every 26.4 seconds a vehicle is stolen in the United States, …

Fitch Sees Little Subprime Exposures in Latin American Banks, Insurers

A poll, conducted by Fitch Ratings, indicates that the banks and insurance companies it rates in the Latin America Region as to the extent they may hold direct or indirect exposure to U.S. subprime backed structured securities, found that “exposure …

Trial Set in Calif. for Latin American Banana Workers

The pesticide was designed to kill worms infesting the roots of banana trees on Latin American plantations. But at least 5,000 agricultural workers from Nicaragua, Costa Rica, Guatemala, Honduras and Panama have filed five lawsuits in this country claiming they …

Company Recalls Cantaloupes over Salmonella Contamination

A wholesale produce importer has recalled several thousand cartons of cantaloupes from Costa Rica after some tested positive for salmonella. Castle Produce said the recall covered roughly 2,560 cartons of cantaloupes delivered on or after Feb. 16 to wholesalers in …

Texas Announces November Enforcement Actions

The Texas Department of Insurance announced enforcement actions taken by Commissioner Mike Geeslin that became final during November. The actions include five license revocations, a license denial and fines and restitution totaling $280,157. Copies of Geeslin’s orders may be obtained …

U.S., JAPAN AGREE TO IMPROVE CONSUMER PRODUCT SAFETY

The United States and Japan have agreed on guidelines designed to improve the safety of consumer products in the two countries, the U.S. Consumer Product Safety Commission said. Under the agreement, the two countries will share information on product safety, …

U.S., Japan agree to improve consumer product safety

The United States and Japan have agreed on guidelines designed to improve the safety of consumer products in the two countries, the U.S. Consumer Product Safety Commission said. Under the agreement, the two countries will share information on product safety, …

U.S., Japan Sign Agree to Improve Consumer Product Safety

The United States and Japan have agreed on guidelines designed to improve the safety of consumer products in the two countries, the U.S. Consumer Product Safety Commission said. Under the agreement, the two countries will share information on product safety, …

Mass. to Sue Big Dig Companies

The state of Massachusetts is preparing to file a multimillion-dollar lawsuit against the companies that worked on the Big Dig highway tunnel project, alleging their negligence led to the ceiling collapse that killed a woman from Costa Rica. Massachusetts Attorney …

1991 Honda Most Stolen Vehicle

For 2005, the most stolen vehicle in the nation was the 1991 Honda Accord, according to Hot Wheels, the National Insurance Crime Bureau’s companion study to its annual Hot Spots auto theft report. The study examines data reported to the …