Hints and tips:
...Castparts, an aerospace group that counts Boeing as a customer, and Clayton Homes, America’s largest builder of modular housing....
...There was a bright spot at a unit that has plagued Berkshire: aerospace parts manufacturer Precision Castparts....
...It is a change from previous crises, when Berkshire’s capital helped shore up both Goldman Sachs and Bank of America. The latter is now a core holding in the company’s stock portfolio....
...The result is intense political scrutiny of Apple and its relationship with China, the country most in Washington consider to be America’s principal rival....
...About 70 per cent of the value of that portfolio is composed of four companies; American Express, Apple, Bank of America and Coca-Cola....
...Sales at Precision Castparts dropped 36 per cent, a trend Berkshire said would persist even as domestic air travel increased....
...A version of this article was first published by Nikkei Asia on June 2. ©2021 Nikkei Inc. All rights reserved....
...High precision comes with a downside, in the Japanese tradition. Matsumoto’s revolt against the demands of the konbini chains spoke to a wider discontent....
.... ©2020 Nikkei Inc....
...Precision Castparts “is far from my first error of that sort. But it’s a big one,” Buffett added....
...The writer is assistant professor of population health science and policy at Icahn School for Medicine at Mount Sinai In matters of clinical medicine, we value precision....
...The company, which dumped $12.8bn worth of stocks in the second quarter, ploughed more than $2bn into Bank of America in late July....
...On Saturday Berkshire disclosed it was taking a $10bn writedown on Precision Castparts, the aerospace parts manufacturer it bought for $37bn in 2016....
...A $5bn investment in Bank of America did not come until two years later....
...Sales at aerospace-parts manufacturer Precision Castparts slid as Boeing suspended the manufacturing of its 737-Max jet and shipments to covid-affected businesses declined....
...“They were long term durable cash flows that could be measured with a high degree of precision, and you could manage the risk if you managed them properly,” Mr Moore told the Financial Times....
...A version of this article was first published by Nikkei Asia on May 5 2021. ©2021 Nikkei Inc....
...Since agreeing to pay $32bn for Precision Castparts in 2015, the doyen of the investing world has warned his shareholders repeatedly that he may struggle to clinch another big acquisition, saying in his...
...Perhaps it took an outsider/insider to see America straight....
...During his 15-year tenure as CFO, Dutra led the company’s dealmaking spree, swallowing up family-backed beer companies from America to Africa....
...The Toyota Highlander, fitted with Zoox hardware and software, performs each turn with a curious mathematical precision....
...A version of this article was first published by the Nikkei Asian Review on July 31 2019. ©2019 Nikkei Inc. All rights reserved....
...Aircraft parts manufacturer Precision Castparts saw slightly faster revenue growth of 3.1 per cent during the quarter....
...In recent speeches, he oscillated between suggesting that Taiwan’s technology industry mediate between China and the US and urging the country to organise its companies to “go to America and rebuild the...
...During the financial crisis a decade ago, these included Goldman Sachs, Bank of America and General Electric....
International Edition