
Shares of New York Times Co. (NYT 11.33, +0.39, +3.57%) jumped on Monday on market rumors that Mexican billionaire Carlos Slim will seek to acquire the company. [Marketwatch]


The Internet has taken a lot of the paperwork out of banking, but there is no avoiding paper when someone gives you a check. Now one bank wants to let customers deposit checks immediately — through their phones.
USAA, a privately held bank and insurance company, plans to update its iPhone application this week to introduce the check deposit feature, which requires a customer to photograph both sides of the check with the phone’s camera. [NY TIMES]