AP News

News Summary: Stocks rise ahead of Fed meeting


HOPEFUL: Stocks rose as investors prepared for two events likely to move markets this week: a Federal Reserve meeting and a court decision on whether Germany can support its struggling neighbors. The Dow Jones industrial average gained 69 points to close at 13,323.

IT'S SETTLED: Morgan Stanley and Citigroup rose after they settled a dispute over their jointly owned brokerage firm, Morgan Stanley Smith Barney. The deal cleared the way for Morgan Stanley to buy Citigroup's stake.

CHEERS FOR LAYOFFS: Hewlett-Packard gained 3 percent after the company said it will cut 29,000 jobs by October 2014, or 2,000 more than it had previously planned.


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