U.S. stocks rallied, sending benchmark indexes to six-month highs, as investors awaited the Federal Reserve’s plans to boost the economy and election results that may divide Congress. The dollar weakened and Treasuries rose.
U.S. stocks halted a three-day slide as declining German unemployment stoked gains in European shares and bonds. The dollar climbed after the U.S. trade deficit shrank to a four-year low while commodities snapped their longest drop since November, led by gasoline and heating oil.
Morrison & Foerster LLP represents Softbank Corp., which agreed to buy a stake of about 70 percent in Sprint Nextel Corp. for $20.1 billion as Japan’s third- biggest mobile-phone operator seeks growth overseas amid a declining local market. Skadden Arps Slate Meagher & Flom LLP served as lead counsel to Sprint.
Deutsche Boerse AG’s $9.53 billion all-stock purchase of New York Stock Exchange parent NYSE Euronext creates the world’s largest owner of equities and derivatives markets, and may spur additional mergers.