The British financial regulator said it would require disclosure of significant short-selling positions to protect the integrity of the country’s financial market.
The Dow industrials climbed 165.77 points, or 1.4%, to 12307.35. Blue chips ended stronger on the week amid lower oil prices and signs that the high costs of food and energy aren"t yet leading to dramatic increases in other prices.
Kirk Kerkorian, who owns a large stake in the troubled automaker, planned the meeting to show support for the company’s turnaround strategy.