Aqua America Inc., the second- largest publicly traded water utility in the U.S., said its Virginia subsidiary acquired four small water systems and a wastewater operation to expand further in the state.
U.S. stocks fell, erasing this year’s gains for the Standard & Poor’s 500 Index, as weaker- than-forecast data from China and tension in Ukraine overshadowed reports showing an improving American economy.
Aqua America Inc., the second- biggest publicly traded water utility in the U.S., rose to a 15- week high in New York trading after reporting net income advanced almost 13 percent last year to $221.3 million.
U.S. stocks and commodities slid as faster economic growth spurred concern the Federal Reserve will scale back stimulus sooner than expected, while Twitter Inc. surged in its trading debut. The euro fell, while the region’s bonds rose, as the European Central Bank cut interest rates.