U.S. Hotel Stocks Rise, Led by MGM on Kerkorian's Offer; Staples Declines

(Bloomberg) -- Most U.S. stocks gained, led by hotel
companies, after billionaire Kirk Kerkorian said he wants to buy
the Bellagio Hotel & Casino from MGM Mirage.

Shares of the world's second-largest casino company surged
the most since 1989 after Kerkorian, who owns 56 percent of MGM,
also said he's studying ``alternatives'' for his investment.
Staples Inc. had the steepest loss in the Standard & Poor's 500
Index after the office-supplies retailer tempered its earnings
forecast.


Read more at Bloomberg Stocks News