Pursuits
European Stocks Climb, Erasing Losses From Lehman Bankruptcy
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European stocks rose, erasing losses that followed Lehman Brothers Holdings Inc.’s 2008 bankruptcy, amid speculation that the economic recovery is strong enough to withstand the region’s sovereign-debt crisis.
Volkswagen AG, Europe’s biggest automaker, soared 3.7 percent after saying it expects sales in China to grow as much as 15 percent next year. Abertis Infraestructuras SA added 1.3 percent as the Sunday Times said CVC Capital Partners Ltd. may bid for the Spanish highway operator. Retailers retreated as snow disrupted holiday shopping.