New York Times Co.'s Shares Spike on Takeover Rumors

The New York Times Co.’s stock is surging today, up 6.3% at this writing. It reached greater heights earlier in the day, spiking an astounding 11% on rumors that billionaire shareholder Carlos Slim would buy the whole company. The Wall Street Journal is reporting that Carlos Slim has no actual intention of buying the company, and a representative for Slim has told CNBC that Slim won’t be buying The New York Times. For its part, the Times Co.