Carlos Slim Increases Stake in The New York Times

Carlos Slim, the richest person in the world, has increased his stake in the The New York Times Company, upping his ownership of Class A shares to 7.2 percent, up from 6.9 percent. Ad Age reports that increasing investments when the market is down is typical behavior for Slim; he even upped his stake in Saks Inc. the same day. You can do that kind of thing when you’re the richest guy on the planet.