Mexico's Slim named 'world's richest' person

The son of an immigrant shopkeeper has become the first person from a developing nation, and the first from Latin America, to be named the world's richest person.

Stocks rise as inventories fall and sales gain

Stocks continued their slow trek higher after the government's report of a drop in companies' inventories during January.

Budget deficit sets record in February

The Treasury Department said Wednesday that the February deficit totaled $220.9 billion, 14 percent higher than the previous record set in February of last year.

Airlines launch 2-day summer airfare sale