Most U.S. stocks rose, with the Standard & Poor’s 500 Index climbing to within eight points of a record, as a $25 billion deal to acquire Forest Laboratories Inc. offset slower growth in New York-area manufacturing.
Actavis Plc, the world’s second- largest generic-drug maker by market value, agreed to buy Forest Laboratories Inc. for about $25 billion in a deal that will transform it into a developer of brand-name drugs.
David Wise won the inaugural Olympic gold medal in freestyle skiing’s men’s halfpipe, pulling the U.S. even atop the medal standings with the Netherlands, which recorded its fourth speedskating sweep of the Sochi Winter Games in the men’s 10000-meter event.
Cameron Bolton was approaching a jump when he clipped Italy’s Omar Visintin in the Olympic men’s snowboard cross semifinal. The Australian fell on his face before getting hit by another Italian, Luca Matteotti.
A proposed Swiss-German tax accord is dead and buried amid growing public opposition in Germany to any agreement that’s seen as too easy on evaders, senior members of Chancellor Angela Merkel’s coalition said.
European car sales rose a fifth consecutive month in January as the start of an economic recovery in countries sharing the euro encouraged purchases of models such as Volkswagen AG’s Golf hatchback and Audi A3 sedan.