Cobalt International Energy (CIE) has filed a modified registration statement with the SEC for an initial public offering of its common stock. The company also seeks to list in the New York Stock Exchange (NYSE) under the name of “CIE”.

Moreover, the company is offering 63,000, 000 shares and anticipates the offering price to be $15-$17 a share.

The offering is being made via Credit Suisse, Goldman Sachs, JPMorgan, Morgan Stanley, Tudor, Pickering, Holt & Co., UBS, Deutsche Bank, RBC Capital, Howard Weil, FBR Capital, Thomas Weisel, Natixis Bleichroeder and Capital One Southcoast.

Mexico’s Central bank has announced that it is holding its benchmark interest rate at 4.5 percent for the fourth successive month.

The bank has also spent much of the year slashing rates to encourage growth for the recession-wracked economic system.

The economy increased 2.9 percent in the third quarter over the previous one, while the administration predicts that Mexico’s GDP will fall about 7% overall in 2009.

Earlier, the bank has predicted that inflation will be around 4 percent till the end of this year, above its goal of 3 percent, but continuing a sliding trend.

According to the MVS officials, the company is aiming to introduce 4G technology next year in Mexico.

While talking to reporters, BBAV Bancomer Case de Bolsa, the company is also planning to invest around US$ 700 million in its first stage for offering the 4G service in 23 cities, with 3,400 Wimax radio base.

Intel and Clearwire will be the company’s partners.

At present, Clearwire has alliance with Sprint, Comcast, Intel, Time Warner and Google, operates in 24 cities in the US and provides service to around 30 million customers.

Bison have returned to Mexico for the first time since the 1800s, with Mexican officials releasing 23 donated U. S. animals in northern Chihuahua State.

While talking to reporters, Environment Secretary Juan Elvira Quesada said, “Parts of northern Mexico once represent the southern range for huge herds of the roaming bison before they were killed off.”

Further, the environment secretary told media persons that the movement and grazing of the bison can help regenerate natural grasses and grassland in Chihuahua’s El Uno nature reserve.

Albuquerque Company has grabbed a contract worth $32.5 million to manufacture Spaceport America’s terminal and hanger facility has been awarded to a New Mexico firm.

While talking to reporters, New Mexico Spaceport Authority executive director Steve Landeene said, “The bid award to Summit West is a significant step in the overall construction of the $200 million state-owned spaceport located southeast of Truth or Consequences.”

The sources said that the Albuquerque firm was the lowest of four bidders on the project.

Nick Reilly, the temporary chief executive of Opel-Vauxhall, finds the company in need to decrease its production capacity across Europe up to 25 percent. In that case the company will need to cut 10,000 jobs which will be around 20% of the total of the company’s workforce.

Through his blog, Reilly said, “I intend to present by mid-December a sustainable plan that is in the best interest of Opel and Vauxhall, one with clearly defined achievable results.”

Grupo Mexico has called a meeting on 4 December to get approval of its shareholders in the decision to acquire the bankrupt copper miner Asarco LLC.

Grupo Mexico lost the corporate control of Asarco after the Tucson firm filed for chapter11 bankruptcy in the year 2005.

Andrew Hanen, the US District Court Judge, has approved Groupo’s restructuring plan for Asarco.

Oil and gas producer Devon Energy Corp. stated that it has planned to divest its Gulf of Mexico and international assets, which will help in creating after –tax proceeds of $4.5 billion to $7.5 billion.

President of the company, Mr. John Richels informed investors that the company will spend between $200 million and $275 million for the reorganization.

This repositioning of the company’s assets will help in maintaining a similar reserve and production balance between oil and gas.

Clariant, the Swiss specialty chemicals group, has announced to fire about another 570 jobs and is closing sites in France, Britain, Mexico and Germany.

The company has declared more than 2,000 job cuts this year in a restructuring program. It makes pigments for a wide range of products from textile to cars.

The company said, “It would continue to identify further optimization potential.”

According to the statement issued by the company, it expected the present restructuring measures to be completed between 2011 and 2014 at the costs of around SFr 150 million ($148.1 million).

Pemex, Mexico’s state oil company, is looking forward to tap external markets to increase funding for projects in 2010.

While talking to the reporters, the CEO of Pemex, Juan Jose Suarez said that the company will likely to finalize the terms of its new incentive-based contracts during the first half of 2010.

Further, he said in an interview at New York, organized by the US-Mexico Chamber of Commerce, “We plan to come out in first quarter, second quarter of next year.”

He also considers that challenges to the constitutionality of the regulations will not delay the contracts.