Consumer Spending Up, Sign of Decent Recovery

Consumers spent modestly last month, a sign that the economic recovery is proceeding at a decent, but not spectacular pace.

Mexican Telecom Tycoon Is 'World's Richest'

Mexican telecom tycoon Carlos Slim is the world's richest person, jumping past Americans Bill Gates and Warren Buffett to become the first person from a developing nation to top the list, according to Forbes magazine.