U.S. Stocks Rise on M&A, Buybacks; Yum! Brands, Steelmaker Shares Advance

(Bloomberg) -- U.S. stocks climbed after takeover
speculation swept through the raw-materials industry and
expectations grew that the record pace of share buybacks will
accelerate.

Steelmakers' shares posted their biggest gain in a month
after Chaparral Steel Co. agreed to be purchased for $4.22
billion. Yum! Brands Inc., the owner of Pizza Hut and Taco Bell
chains, advanced on a UBS AG report predicting the company will
repurchase stock.


Read more at Bloomberg Stocks News