The Traderszone Network

Google Inc (GOOGL.O) announced a surprise overhaul of its operating structure on Monday, creating a holding company called Alphabet to pool its many subsidiaries and separate the core web advertising business from newer ventures like driverless cars. “It suggests that in all likelihood, Google is not going to slow the pace of their experimental processes like self-driving cars,” said Michael Yoshikami, head of Destination Wealth Management, which has $1.5 billion under management. The surprise news sent shares of Google up as much as 7 percent to $708 in after hours trading.

Dorsey, who stepped in as interim CEO on July 1, has been candid about the problems faced by the microblogging website . “Investing in @twitter’s future,” Dorsey tweeted on Monday, after disclosing he had bought 31,627 shares, worth about $875,000 at $27.67 per share. Dorsey now owns about 21.9 million shares, or about 3 percent of Twitter.

Kraft Heinz shares declined 2.3 percent to $77.00 in after-hours trading. Sales at Kraft fell due to weak demand for its beverages, a result of fewer promotions versus the year-earlier period, while the strong dollar hurt sales at Heinz. Heinz, backed by Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) and Brazilian private equity firm 3G Capital, combined with Kraft Foods Group to create the third-largest North American food company.

Shire (SHP.L) Chief Executive Flemming Ornskov is stepping up his campaign to get Baxalta (BXLT.N) to the negotiating table as he pushes the benefits a $30 billion takeover offer to the U.S. biotech company’s shareholders. Ornskov and Shire’s chairwoman Susan Kilsby, a former mergers and acquisition banker, met Baxalta investors on both sides of the Atlantic at the end of last week and will continue the charm offensive this week. Baxalta CEO Ludwig Hantson, meanwhile, reiterated his belief that the value of Shire’s offer was “wholly inadequate”.

Greece and international creditors agreed on a new multi billion euro bailout deal on Tuesday, a finance ministry official said, in an accord which will keep the country in the eurozone and avert bankruptcy. …

The lawsuit accused Citigroup and its Citigroup Alternative Investments affiliate of misleading investors in a Dec. 14, 2007 letter about the status of the fund’s leveraged, 558 million euro ($756 million at the time) original investment in a syndicated loan arranged for ProSiebenSat1 SE (PSMGn.DE), a large German broadcaster. Investors said Citigroup falsely told them in the letter that the quality of the fund’s portfolio was “fundamentally sound,” but was forced six weeks later to suspend redemptions. Citigroup denied wrongdoing in agreeing to settle.

Better paid leave for new parents is long overdue in the United States, and executives must lead by example to persuade hard-working, vacation-averse Americans to take advantage of such a benefit, family and employment experts said on Monday. Software maker Adobe Systems Inc (ADBE.O) on Monday became the third company in a week to expand its benefits, doubling maternity leave to 26 weeks to increase diversity in its workforce and give parents more time with their newborns.

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