Stocks rose after the European Central Bank raised its growth forecasts and maintained its loose monetary policy. Wall Street also shook off another steep decline in crude oil prices. Marathon Oil (MRO - Get Report) was one of the few energy companies in the green after agreeing to unload its Canadian business to Shell and Canadian Natural Resources. Marathon said the $2.5 billion deal will simplify its portfolio and lower costs. Tailored Brands (TLRD - Get Report) cratered following a wider-than-expected loss and declining sales over its fourth quarter. Comparable-store sales declined at both its K&G brand and Jos. A Bank locations. AIG (AIG - Get Report) rose after CEO Peter Hancock announced his resignation amid activist investor pressure. Hancock assumed the role in September 2014. He will stay on until a successor is found.
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