Image provided by: University of Oregon Libraries; Eugene, OR
About East Oregonian : E.O. (Pendleton, OR) 1888-current | View Entire Issue (Aug. 11, 2015)
Page 2A WEATHER East Oregonian TODAY WEDNESDAY THURSDAY Mostly sunny Very hot with brilliant sunshine Mostly sunny and very warm 95° 66° 98° 64° REGIONAL CITIES Forecast FRIDAY SATURDAY Partly sunny, breezy and cooler Mostly sunny and nice PENDLETON TEMPERATURE FORECAST 93° 63° 80° 55° 81° 53° HERMISTON TEMPERATURE FORECAST 97° 64° 100° 64° PENDLETON through 3 p.m. yesterday TEMPERATURE HIGH LOW 84° 88° 119° (1898) 60° 59° 40° (1911) PRECIPITATION 24 hours ending 3 p.m. Month to date Normal month to date Year to date Last year to date Normal year to date Trace Trace 0.12" 5.00" 7.71" 8.07" HERMISTON through 3 p.m. yesterday Corvallis 86/57 LOW 84° 89° 106° (1971) 57° 59° 47° (1947) Trace Trace 0.06" 3.25" 4.23" 5.98" SUN AND MOON Aug 14 Aug 22 Full 5:50 a.m. 8:10 p.m. 3:09 a.m. 6:09 p.m. Last Aug 29 Sep 5 John Day 93/62 Ontario 101/64 Bend 85/54 Burns 92/49 Caldwell 99/67 Medford 90/59 PRECIPITATION Sunrise today Sunset tonight Moonrise today Moonset today New First Albany 87/59 Eugene 86/58 HIGH 24 hours ending 3 p.m. Month to date Normal month to date Year to date Last year to date Normal year to date 84° 52° Spokane Wenatchee 95/68 98/73 Tacoma Moses 86/58 Lake Pullman Aberdeen Olympia Yakima 99/64 97/63 79/59 88/55 99/62 Longview Kennewick Walla Walla 89/59 98/72 Lewiston 99/64 Astoria 102/70 74/57 Portland Enterprise Hermiston 89/65 Pendleton 93/58 The Dalles 97/64 95/66 98/70 La Grande Salem 95/60 88/61 TEMPERATURE Yesterday Normals Records 82° 53° Seattle 86/64 ALMANAC Yesterday Normals Records 94° 62° Today Astoria Baker City Bend Brookings Burns Enterprise Eugene Heppner Hermiston John Day Klamath Falls La Grande Meacham Medford Newport North Bend Ontario Pasco Pendleton Portland Redmond Salem Spokane Ukiah Vancouver Walla Walla Yakima Beijing Hong Kong Jerusalem London Mexico City Moscow Paris Rome Seoul Sydney Tokyo Lo 70 81 67 59 52 54 68 68 71 47 80 www.eastoregonian.com To subscribe, call 1-800-522-0255 or go online to www.eastoregonian.com and click on ‘Subscribe’ (DVW2UHJRQLDQ(USPS 164-980)LVSXEOLVKHGGDLO\H[FHSW6XQGD\0RQGD\ DQG'HFE\WKH(20HGLD*URXS6(%\HUV$YH3HQGOHWRQ25 3HULRGLFDOVSRVWDJHSDLGDW3HQGOHWRQ25Postmaster:VHQGDGGUHVVFKDQJHVWR (DVW2UHJRQLDQ6(%\HUV$YH3HQGOHWRQ25 W pc s s c s s pc s s s s s s pc pc c s s s pc s pc s s pc s pc W pc pc s pc t s pc t pc s pc Hi 94 91 86 74 75 78 89 88 88 61 90 Wed. Lo 71 82 67 62 50 59 70 70 71 47 79 W s t s pc t s pc s s sh pc Today Wednesday WSW 8-16 WNW 7-14 UV INDEX TODAY 1 4 6 6 4 1 8 a.m. 10 a.m. Noon 2 p.m. 4 p.m. 6 p.m. 0-2, Low 3-5, Moderate 6-7, High; 8-10, Very High; 11+, Extreme The higher the AccuWeather.com UV Index™ num- ber, the greater the need for eye and skin protection. Forecasts and graphics provided by AccuWeather, Inc. ©2015 Didn’t receive your paper?&DOO EHIRUHSP7XHVGD\WKURXJK)ULGD\ RUEHIRUHDP6DWXUGD\ for same-day redelivery SUBSCRIPTION RATES /RFDOKRPHGHOLYHU\ 6DYLQJVRIIFRYHUSULFH (=3D\ SHUFHQW ZHHNV SHUFHQW ZHHNV SHUFHQW ZHHNV SHUFHQW (=3D\ RQH\HDUUDWHZLWKDPRQWKO\FUHGLWRUGHELWFDUGFKHFNFKDUJH Single copy price: 7XHVGD\WKURXJK)ULGD\6DWXUGD\ Berkshire Hathaway buying Precision Castparts for $32B Shown are noon positions of weather systems and precipitation. Temperature bands are highs for the day. -10s -0s showers t-storms 0s 10s rain 20s flurries 30s 40s snow ice 50s 60s cold front 70s 80s 90s 100s warm front stationary front 110s high Yesterday’s National Extremes: (for the 48 contiguous states) High 109° in Needles, Calif. Low 33° in Bodie State Park, Calif. NATIONAL CITIES Today Albuquerque Atlanta Atlantic City Baltimore Billings Birmingham Boise Boston Charleston, SC Charleston, WV Chicago Cleveland Dallas Denver Detroit El Paso Fairbanks Fargo Honolulu Houston Indianapolis Jacksonville Kansas City Las Vegas Little Rock Los Angeles Hi 90 86 79 84 96 92 100 74 87 82 80 76 100 85 78 97 58 86 90 103 82 93 82 101 92 81 Lo 64 70 71 66 65 70 71 67 73 62 61 61 78 61 61 74 44 64 77 79 59 74 62 79 70 64 W pc t t t s t s t t pc s c t pc pc s pc s pc pc pc t s pc pc pc Hi 91 87 82 83 97 88 100 81 89 79 79 74 97 91 77 96 61 93 90 100 78 92 84 97 90 87 Wed. Lo 65 67 67 61 68 65 71 65 71 60 63 56 74 63 59 73 48 67 77 76 58 72 64 78 68 67 W s s pc pc s s s pc t pc s pc pc s s s pc s pc pc s t s t s pc Today Hi Louisville 85 Memphis 90 Miami 91 Milwaukee 76 Minneapolis 80 Nashville 88 New Orleans 97 New York City 80 Oklahoma City 90 Omaha 86 Philadelphia 82 Phoenix 107 Portland, ME 69 Providence 74 Raleigh 82 Rapid City 89 Reno 87 Sacramento 86 St. Louis 85 Salt Lake City 89 San Diego 76 San Francisco 73 Seattle 86 Tucson 100 Washington, DC 86 Wichita 87 Lo 64 71 77 60 64 66 78 71 68 64 71 88 62 67 68 64 56 57 67 70 66 60 64 77 72 66 W pc pc t s s pc t t pc s t pc r t t pc s pc s pc pc pc s pc t pc Hi 81 87 91 77 86 84 95 84 89 87 85 109 79 82 86 95 89 89 85 87 80 74 86 103 86 86 Wed. Lo 61 68 77 65 69 61 79 67 66 68 66 87 59 63 65 66 57 59 67 68 70 58 60 76 69 67 General Reinsurance. It also owns BNSF railroad, several major utilities, clothing, furni- ture, brick, carpet, jewelry and pilot training ¿rms. It also has major investments in such companies as Coca-Cola, IBM and Wells Fargo & Co. In Berkshire’s second quarter, the company gener- ated roughly three-quarters of its $4 billion net income from non-insurance companies. It was an especially weak quarter for Berkshire’s insur- ance units but it illustrates the conglomerate’s increasing reliance on manufacturing, utilities and the railroad. Berkshire agreed to pay $235 per share in cash for Precision Castparts’ outstanding stock. Including debt, the deal is valued at about $37.2 billion. Author and investor -eff Matthews, who wrote “Warren Buffett’s Successor: Who It Is and Why It Matters,” said this deal continues the evolution of Berkshire, but he doesn’t think Buffett is getting a good price on Precision Castparts. “I’m not crazy about buying a cyclical business like this with the stock market at an all-time high,” said Matthews, who also holds Berkshire stock. But other analysts said the price appeared fair. KBW analyst Meyer Shields said Precision Cast- parts Corp. may be a cyclical business, but the complicated products it makes are hard for a competitor to match. Shields said Precision Castparts stock had traded as high as $280 in recent years. NEWS To submit news tips and press releases:FDOO ID[HPDLOQHZV#HDVWRUHJRQLDQFRP To submit community events, calendar items and Your EO News: HPDLOFRPPXQLW\#HDVWRUHJRQLDQFRPRUFDOO7DPP\0DOJHVLQL LQ+HUPLVWRQDWRU5HQHH6WUXWKHUVLQ3HQGOHWRQDW Multimedia consultants -HDQQH-HZHWW MMHZHWW#HDVWRUHJRQLDQFRP 'D\OH6WLQVRQ GVWLQVRQ#HDVWRUHJRQLDQFRP 7HUUL%ULJJV WEULJJV#HDVWRUHJRQLDQFRP To submit engagements, weddings and anniversaries: HPDLOUVWUXWKHUV#HDVWRUHJRQLDQFRPRUYLVLWZZZHDVWRUHJRQLDQ FRPFRPPXQLW\DQQRXQFHPHQWV &ODVVLÀHG$GYHUWLVLQJ FODVVL¿HGV#HDVWRUHJRQLDQFRP To submit a Letter to the Editor:PDLOWR0DQDJLQJ(GLWRU'DQLHO :DWWHQEXUJHU6(%\HUV$YH3HQGOHWRQ25RUHPDLO HGLWRU#HDVWRUHJRQLDQFRP Legal Advertising:$PDQGD-DFREV DMDFREV#HDVWRUHJRQLDQFRP To submit sports or outdoors information or tips: VSRUWV#HDVWRUHJRQLDQFRP Real Estate Advertising: Jodi Snook MVQRRN#HDVWRUHJRQLDQFRP COMMERCIAL PRINTING Production Manager: 6WHYH.QREEH VNQREEH#HDVWRUHJRQLDQFRP Corrections The East Oregonian works hard to be accurate and sincerely regrets any errors. If you notice a mistake in the paper, please call 541-966-0818. www.edwardjones.com Having More Retirement Accounts is Not the Same as Having More Money. When it comes to the number of retirement accounts you have, the saying “more is better” is not necessarily true. In fact, if you hold multiple accounts with various brokers, it can be difficult to keep track of your investments and to see if you’re properly diversified.* At the very least, multiple accounts usually mean multiple fees. Bringing your accounts to Edward Jones could help solve all that. Plus, one statement can make it easier to see if you’re moving toward your goals. *Diversification does not guarantee a profit or protect against loss. makes sense, call your local financial To learn today. why consolidating your advisor retirement accounts to Edward Jones Name makes sense, call your Name local financial Financial Advisor Financial Advisor advisor today. . . Street Address Bob City, State ZIP Blanc 304 S Main St Phone Pendleton, OR Street Address Mac City, H Levy State ZIP Ben Buchert Name 541-276-6257 244 SW Dorion Ave. Phone Pendleton, OR 97801 541-278-1600 Financial Advisor Pam Stocker . Kacie Levy, CFP® Casey Hunt 245 E Main Suite B Street Address Hermiston, OR City, State ZIP 97838 Phone 541-564-9734 204 E Main St. Hermiston, OR 97838 541-567-0390 304 S Main St Pendleton, OR 97801 541-276-6257 97801 IRT-1435B-A W s s pc s s s t pc pc s pc pc sh pc s s s s s pc pc pc s s pc pc Weather (W): s-sunny, pc-partly cloudy, c-cloudy, sh-showers, t-thunderstorms, r-rain, sf-snow flurries, sn-snow, i-ice. The heart of Warren Buffett’s Berkshire Hathaway OLHVLQLQVXUDQFHDQG¿QDQFHEXWDVWULQJRIPDVVLYH LQGXVWULDOGHDOVKDYHVKLIWHGWKHEDODQFHRIWKHFRQ- JORPHUDWH¶VKROGLQJVWRZDUGLQGXVWULDODQGPDQXIDF- WXULQJ¿UPV+HUHDUHVHOHFWFRPSDQLHVWKDW%HUNVKLUH +DWKDZD\KDVDFTXLUHGRULVVHHNLQJWRDFTXLUH Company Date Employees 1DWLRQDO,QGHPQLW\&R 6HH¶V&DQGLHV *HLFR *HQHUDO5HLQVXUDQFH %HUNVKLUH+DWKDZD\(QHUJ\ %HQMDPLQ0RRUH&R $SSOLHG8QGHUZULWHUV ,VFDU0HWDOZRUNLQJ 0DUPRQ*URXS %16)5DLOURDG /XEUL]RO +-+HLQ]&R .UDIW)RRGV 'XUDFHOO 3HQGLQJ low National Summary: Showers and thunderstorms will extend along a cool front stretching from Texas to Maine today. Less humid air will expand over the North Central states. Spotty storms will erupt over the interior West. ADVERTISING Advertising Director: Jennine Perkinson MSHUNLQVRQ#HDVWRUHJRQLDQFRP Copyright © 2015, EO Media Group OMAHA, Neb. (AP) — Warren Buffett’s biggest acquisition yet — a $32.36 billion buyout of Precision Castparts of Portland — will further change the complexion of Berkshire Hathaway and increase the conglomerate’s reliance on industrial compa- nies. The deal announced Monday to acquire the aerospace and industrial company adds to a string of manufacturing acquisitions Berkshire completed in recent years outside of the insurance industry that fueled its growth. The Omaha-based conglomerate already owned an eclectic mix of more than 80 subsidiaries. With a company that size, Buffett needs to strike big deals to meaningfully improve pro¿ts at Berkshire. As of -une 30, the company had $66.6 billion in cash on hand. The universe of big companies that ¿t Buffett’s criteria tend to be manufacturing or industrial ¿rms. And the 84-year-old Buffett wants to give Berkshire the strongest foundation possible for his investors and whoever eventually succeeds him. Precision Castparts, based in Portland, makes compo- nents for aircraft, power plants and other industrial uses. It has been hit hard by tumbling crude and natural gas prices, but it appears to have strong long-term prospects. Buffet told CNBC that he would have bought the company even if he knew that commod- ities were in the midst of a multiyear slump. “We’re going to be in this business for 100 years, so it doesn’t really make any differ- ence what oil and gas does in the next year,” said Buffett, whose company already held 4.2 million shares, or about 3 percent, of Precision Cast- parts’ stock. *eorge Morgan, a ¿nance professor at the University of Nebraska at Omaha and a former investment adviser, said Buffett’s ¿eld of possible investments is limited because of the size he is looking for today. Berkshire’s core insurance companies include Geico and Lo 58 49 49 56 46 59 55 58 64 62 46 54 44 59 53 55 61 63 64 62 48 56 67 53 60 70 63 WNW 2-4 NW 4-8 Subscriber services: For home delivery, vacation stops or delivery concerns: 1-800-522-0255 211 S.E. Byers Ave., Pendleton 541-276-2211 333 E. Main St., Hermiston 541-567-6211 2I¿FHKRXUV0RQGD\WKURXJK)ULGD\DPWRSP &ORVHGPDMRUKROLGD\V Hi 72 95 87 68 91 94 84 95 100 95 82 97 90 90 65 68 101 102 98 87 92 85 98 93 86 100 103 WINDS REGIONAL FORECAST — Founded Oct. 16, 1875 — W pc s pc pc s s pc s s s s s s pc pc pc s s s pc pc pc s s pc s s Today Shown is today’s weather. Temperatures are today’s highs and tonight’s lows. Eastern Washington: Mostly sunny today. Mainly clear tonight. Mostly sunny tomorrow. Cascades: Sun and some clouds today. Patchy clouds tonight. Mostly sunny tomorrow. Northern California: Low clouds followed by some sun at the coast today; partly sunny elsewhere. Lo 57 53 54 56 49 58 58 63 64 62 47 60 48 59 54 56 64 61 66 65 52 61 68 55 63 72 62 Hi 92 92 88 72 76 78 85 82 87 67 91 Boardman Pendleton Klamath Falls 83/47 Hi 74 95 85 68 92 93 86 92 97 93 83 95 87 90 65 68 101 98 95 89 89 88 95 89 88 98 99 NATIONAL WEATHER TODAY Wed. WORLD CITIES (in mph) Coastal Oregon: Partial sunshine today. Mostly cloudy tonight; however, partly cloudy across the north. Eastern and Central Oregon: Sunny to partly cloudy today; pleasant in central parts. Mainly clear tonight. Western Washington: Sunny to partly cloudy today. Mainly clear tonight. Mostly sunny tomorrow. Tuesday, August 11, 2015 352 SW 1st St. Pendleton, OR 97801 541-278-1200 Member SIPC
