Pursuits
U.S. Stocks Rise on Speculation Europe Will Act on Debt Crisis
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U.S. stocks rose, sending the Standard & Poor’s 500 Index higher a second day, on speculation European leaders may act to contain the debt crisis after S&P put 15 euro nations on review for possible downgrade.
3M Co. added 1.5 percent as revenue may increase as much as 6 percent next year amid a boost from acquisitions. General Electric Co. rose 2.4 percent as Sanford C. Bernstein & Co. raised its recommendation. Darden Restaurants Inc., operator of the Red Lobster chain, tumbled 12 percent after cutting its full-year sales and profit growth forecasts.