Greece has reached a deal with creditors on a new, multibillion euro bailout package, according to a senior finance ministry official.
The country's Finance Minister, Euclid Tsakalotos, has confirmed just "two or three small details" remain in the bailout negotiations.
Negotiations between Athens and lenders had dragged on throughout the night, and any new agreement would allow the indebted country to make a €3.2bn debt repayment to the European Central Bank on time.
"Finally, we have white smoke," one official remarked.
Once a deal is finalised, it could receive an initial capital injection of €10bn, which would help banking operations return to normal.
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Warren Buffett's Berkshire Hathaway investment conglomerate has paid $235 a share in cash to buy manufacturer of aircraft parts and energy production equipment, Precision Castparts. The company supplies parts to both Airbus and Boeing.
This is the largest deal that the veteran investor has made - it values the company at some $32.5bn, excluding its net debt.
Mr Buffet's group's offering per share is 21 percent higher than the company's closing share price on Friday of last week.
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Google has announced plans to restructure the company's corporate structure to reflect its broadening interests.
It will be renamed Alphabet as it changes to a holding company structure with individual businesses like it's search services existing as subsidiaries.
This move addresses a historical problem that the company has had as separating its lucrative search and advertising companies from its cost-heavy research and development programmes, such as those being explored by the Google X labs who are working on projects like driverless cars.
Google co-founder and chief executive Larry Page will remain at the helm, becoming Alphabet's CEO.
He explained the reforms in a blog post, writing: "Our company is operating well today, but we think we can make it cleaner and more accountable. So we are creating a new company, called Alphabet.
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The recently merged Kraft Heinz Co. has missed sales targets in its second quarter, revenues fell by 4.9 percent to $4.52bn - below analysts' estimate of $4.7bn. Sales fell by 4.1 percent at Heinz, to $2.62bn.
These poor figures will up the pressure on 3G Capital and Warren Buffett’s Berkshire Hathaway Inc to reduce expenses across the company.
Chief Executive Officer Bernardo Hees said in the release, “The company is focused on the difficult and challenging process of integrating our two businesses.”
He continues, "We have a lot of hard work ahead of us as we continue to design our new organisation."
