US STOCKS-Wall St rises as Berkshire deal points to M&A endurance

lunes 10 de agosto de 2015 09:58 GYT

* Berkshire to buy Precision Castparts

* Greek banks to get capital injunction after bailout

* Up to July, cross-bored M&A up 23 pct year-on-year

* IBM up after Buffett comments

* Indexes up: Dow 0.98 pct, S&P 0.96 pct, Nasdaq 1.12 pct (Updates to open)

By Tanya Agrawal

Aug 10 (Reuters) - Wall Street opened higher on Monday, with the Dow looking to break a seven-day losing streak, after Warren Buffett's Berkshire Hathaway's $37.2 billion to buy Precision Castparts showed the M&A boom was alive and well.

Adding to the positive sentiment, poor data out of China boosted hopes for additional stimulus from Beijing. Greek banks could get a first capital injection soon after a bailout deal is agreed, and before the ECB can conduct stress tests, a euro zone official told Reuters.

Precision Castparts shares jumped as much as 19.3 percent to $231.25 after Berkshire Hathaway agreed to buy the aircraft components in the biggest deal for Buffett's Hathaway. Berkshire Class B shares fell 1.4 percent to $141.60.   Continuación...