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Warren Buffett bets Precision can deliver long-term bet on air travel

HOUSTON: Warren Buffett’s US$32.3 billion (21 billion pounds) deal for Precision Castparts Corp shows his willingness to overlook repeated operational stumbles at the company to place a long-term bet on the growth of global air travel.

Buffett's Berkshire nears deal for Precision Castparts

NEW YORK: Warren Buffett's Berkshire Hathaway Inc is nearing an agreement to buy Precision Castparts Corp, in what could be the company's largest purchase ever, according to a person familiar with the matter.

Breakfast briefing: Monday, July 6

Breakfast briefing: Monday, July 6

Chin Well aims to raise DIY fasteners output

GEORGE TOWN: Chin Well Holdings Bhd is ready to increase production of do-it-yourself (DIY) fasteners in Vietnam to spearhead the growth of the group’s business in 2016. Executive director Tsai Chia Ling told StarBiz that the group could raise its production in Vietnam to 4,000 tonnes monthly from 3,800 tonnes to meet rising orders from Europe.

Affin Hwang Capital retains Buy on Tong Herr

KUALA LUMPUR: Affin Hwang Capital is maintaining its Buy call on Tong Herr with an unchanged target price of RM2.50.

Top foreign and local news: Friday

Top foreign and local news

Tong Herr earnings down 12.7%

KUALA LUMPUR: Tong Herr Resources Bhd’s net profit slipped 12.7% to RM7.34mil for the first quarter ended March 31, 2015, from RM8.41mil a year ago due to foreign exchange loss from the weakening of the ringgit.

Chin Well identifies key drivers for growth

GEORGE TOWN: Chin Well Holdings Bhd expects its do-it-yourself (DIY) fasteners, contribution from domestic market and high security fencing products to be the key drivers of growth.

Get ready for smarter-looking smart jewellery

Wearable technology component company Trellie has developed a new modular platform that's so small it can be integrated into a piece of jewellery without having to compromise on design.

Mida keeps close tabs on China, Taiwan PV makers

GEORGE TOWN: The Malaysian Investment Development Authority (Mida) is adopting a cautious stand on investments by photovoltaic (PV) solar manufacturers from China and Taiwan.