While you were sleeping: Buffett, China lift stocks

Mon, 10 Aug 2015

By Margreet Dietz Aug. 11 (BusinessDesk) - Wall Street gained, bolstered by Warren Buffett’s agreement to buy Precision Castparts as well as a rally in Chinese stocks on bets China's government will add stimulus to boost the economy. Shares of Precision Castparts rallied, last up 19.2 percent, after Warren Buffett’s Berkshire Hathaway agreed to buy the maker of equipment for the aerospace, energy and power industries for US$37.2 billion, including debt. “I’ve admired PCC’s operation for a long time. For good reasons, it is the supplier...

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