Arcor, which sells more hard candy than anyone else in the world, is looking for a foreign partner to help it crack markets outside Latin America, Bloomberg reports. Luis Pagani, the chairman and a majority owner, says no talks have begun and that his company is looking to do a stock swap with another major confectioner. “I know all the owners and they know the importance of Arcor in America. The opportunities will surface,” Pagani tells the news service. Details

IA 369-room luxury condominium hotel in Panama wants to ditch the Trump name and end the Trump Organization’s management of the property, Brinkwire reports. The hotel once paid as much as $32 million a year to use the name and have Trump’s firm run the hotel. Ithaca Capital Partners, the majority owners, has decided the inn would be better off without the president’s imprimatur. Not surprisingly, the Trump Organization intends to fight the move. Details

The St. Louis Post-Dispatch reports through its news services that Mexico is planning to raise the minimum wage 10 percent to 88.36 pesos, about $4.71 a day. The move met with harsh criticism from labor leaders, and even the Mexican business chamber. The raise is seen as too little to help Mexican workers and too little to even the playing field with Canada and the United States. "Let me tell you something, this is not a minor adjustment, considering that since this administration began almost five years ago the minimum salary was barely 60 pesos," President Enrique Pena Nieto said.  Details