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Warren Buffett’s Berkshire Hathaway on Monday agreed to buy Precision Castparts for about 37.2 billion U.S. dollars, which would be the conglomerate’s largest takeover ever.

Warren Buffett’s Berkshire Hathaway has made its biggest ever investment and is betting on the success of American aircraft and energy parts manufacturer Precision Castparts in a deal worth $37.2 billion.

If you add up the investment income and the operating income from the conglomerate structure, Berkshire Hathaway made $4.01 billion in net earnings – down from $6.395 billion a year earlier. Profit at the business increase 4% to $963 million as the company invested billions...