RETAILING

Kmart Shares Rise on Takeover Speculation: The retailer’s shares rose 62.5 cents to $14 on the New York Stock Exchange as rumors that the company might be a takeover target circulated on Wall Street. Responding to news reports that it may be interested in acquiring Kmart Corp., Dayton Hudson Corp. said it has held no such discussions with its rival and would not comment further. Kmart said it has not received any offers from Dayton Hudson and also refused to comment on the speculation. Minneapolis-based Dayton Hudson operates Target, a discount chain that competes with Kmart.