Chinese stocks soar, up 5% to post the biggest one-day gain in a month on expectations Beijing will maintain its market support by buying shares. The gains come after poor economic data from the weekend encouraged hopes the government would keep adding to its buying streak over the past month to prop up shares. Meanwhile, Warren Buffet’s Berkshire Hathaway (BRK.A) is reportedly in talks to buy Precision Castparts (PCP) for what could be his largest deal ever. According to people familiar with the matter and reported in the Wall Street Journal, the price tag could exceed $30 billion. A deal could be announced as soon as next week. Dean Foods (DF) Chairman of the Board suddenly resigned Friday afternoon. Dean Foods gave on explanation about Tom Davis’s departture. The milk processor reports its earnings today.
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