UPDATE 3-Macy's cuts ties with Trump, New York City reviews contracts
(Adds New York City reviewing contracts)
By Nathan Layne
July 1 (Reuters) - Macy's Inc said on Wednesday it would end its business relationship with Donald Trump, and New York City said it was reviewing its contracts with the billionaire developer and U.S. presidential hopeful because of his comments insulting Mexicans.
Calling Trump's remarks "disgusting and offensive," New York City Mayor Bill de Blasio said in a statement, "Trump's comments do not represent the values of inclusion and openness that define us as New Yorkers."
In New York City, where Trump built his fortune in real estate, his company has a contract to run a golf course at Ferry Point in the Bronx. Trump also manages two public skating rinks in Manhattan's Central Park.
Trump described immigrants from Mexico to the United States as drug-runners and rapists during a speech on June 16 to announce plans to seek the Republican nomination for president.
On Monday, NBC cut ties with Trump and the "Miss USA" and "Miss Universe" pageants, saying it was 'due to the recent derogatory statements by Donald Trump regarding immigrants." The pageants are part of a 50/50 joint venture with NBCUniversal, a subsidiary of Comcast Corp, for the English-language broadcasts.
Also on Monday, television company Ora TV, owned by Mexican billionaire Carlos Slim and TV personality Larry King, said it had canceled a project with Trump. Slim's spokesman called Trump's comments "totally out of line" and racist.
Univision last week pulled the July 12 "Miss USA" pageant. On Tuesday, Trump filed a $500 million lawsuit against the Spanish-language TV network for dropping the event. Continuación...