Mexico electoral tribunal confirms Peña Nieto as president-elect

Mexico's electoral tribunal officially named centrist Enrique Peña Nieto as president-elect on Friday, ending a drawn-out dispute over the results of the July election.

The 46-year-old former State of Mexico governor will be sworn in on Dec. 1 and return the Institutional Revolutionary Party (PRI) to power after 12 years in opposition.

The electoral tribunal on Thursday threw out a bid by leftist runner-up Andrés Manuel López Obrador to annul the vote result after he accused the PRI of vote buying and money laundering.

The declaration clears the way for Pena Nieto to forge deals in Congress over economic reforms needed to revitalize growth in Latin America's second-largest economy.