Warren Buffett wants to use his almost $40 billion pile of cash to pursue bigger acquisitions. That may put companies from Archer Daniels Midland Co. to General Dynamics Corp. and Exelon Corp. in his sights.
U.S. stocks fell, following the longest rally for the Standard & Poor’s 500 Index since 2004, as a drop in pending home sales overshadowed a rise in durable- goods orders while investors watched earnings.
U.S. stocks dropped on concern European leaders weren’t making progress in solving the region’s debt crisis. Gold rallied, the dollar fell to a two-month low and Treasury yields touched the lowest in more than a week amid speculation the Federal Reserve will add to monetary stimulus.
The biggest decline in Japanese stocks in two years pushed valuations below levels in November, when a 19 percent rally began, luring investors who say equities will prove bargains as the country rebuilds from its largest earthquake on record.