(Bloomberg) -- U.S. stocks rose as lower oil prices and takeover speculation overshadowed the Federal Reserve's statement that inflation remains the main risk to the economy.
Crude oil's drop to a seven-week low helped push the Dow Jones Industrial Average to a record. OfficeMax Inc. had the best gain in the Standard & Poor's 500 Index after Credit Suisse said the third-biggest U.S. office-supplies retailer may be a buyout target. Alltel Corp. climbed to the highest since December 1999 on a report the mobile-phone company is holding talks with three groups of potential acquirers.
Read more at Bloomberg Stocks News
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