New York Times Rises Most Since 2009 After Slim Boosts Stake
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New York Times Co. climbed the most in almost two years in New York trading after Mexican billionaire Carlos Slim boosted his stake in the company.
The newspaper publisher rose 76 cents, or 13 percent, to $6.75 at 4:15 p.m. in New York Stock Exchange composite trading, the biggest daily gain since Oct. 22, 2009. The stock has dropped 31 percent this year.