(Bloomberg) -- U.S. stocks extended their longest
stretch of weekly gains since 2004 after some of the world's most
successful investors boosted their holdings in banks, drugmakers
and railroads and a record pace of takeovers was extended.
Citigroup Inc. led the Dow Jones Industrial Average to its
24th record this year after billionaire investor Edward Lampert
disclosed an $800 million stake in the largest U.S. bank. Health-
care shares rallied after Warren Buffett's Berkshire Hathaway
Inc. almost doubled its investment in Johnson & Johnson. Carl
Icahn joined Buffett in acquiring railroad shares by building a
position in CSX Corp., the third-largest U.S. railroad.
Read more at Bloomberg Stocks News
stretch of weekly gains since 2004 after some of the world's most
successful investors boosted their holdings in banks, drugmakers
and railroads and a record pace of takeovers was extended.
Citigroup Inc. led the Dow Jones Industrial Average to its
24th record this year after billionaire investor Edward Lampert
disclosed an $800 million stake in the largest U.S. bank. Health-
care shares rallied after Warren Buffett's Berkshire Hathaway
Inc. almost doubled its investment in Johnson & Johnson. Carl
Icahn joined Buffett in acquiring railroad shares by building a
position in CSX Corp., the third-largest U.S. railroad.
Read more at Bloomberg Stocks News
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