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
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pc
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pc
c
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W
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Hi
94
91
86
74
75
78
89
88
88
61
90
Wed.
Lo
71
82
67
62
50
59
70
70
71
47
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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
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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
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pc
s
c
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pc
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s
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t
s
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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
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t
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s
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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
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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
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70
58
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69
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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.
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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
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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
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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
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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
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56
46
59
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61
63
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62
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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
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&ORVHGPDMRUKROLGD\V
Hi
72
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87
68
91
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100
95
82
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90
90
65
68
101
102
98
87
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85
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93
86
100
103
WINDS
REGIONAL FORECAST
— Founded Oct. 16, 1875 —
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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
