Billionaire Warren Buffett's Berkshire Hathaway (BRK.A) - Get Report (BRK.B) - Get Report  will loan Home Capital Group's (HMCBF) Home Trust Co C$2 billion ($1.5 billion) to end Canada's biggest non-bank lender's strategic review process, Reuters reported.

Berkshire is also set to purchase C$400 million worth of Home Capital common stock in a private placement through its Columbia Insurance Co. Berkshire will hold a nearly 40% equity stake in Home Capital following the deal.

Home Capital is short on near-term liquidity as the company works to trim outstanding debt and settle cases with the Ontario Securities Commission and a class action lawsuit related to the company admission that they misled investors.

Home Capital shares are down over 50% since the start of the year after dropping dramatically in April at the company's announcement of a strategic review. That review concluded with Berkshire's loan.

What's Hot On TheStreet

Tesla still doesn't deserve its valuation: Tesla (TSLA) - Get Report fanboys have just gained their daily pound of flesh. The electric car company has reportedly reached a deal with officials in China to open a production facility in the world's biggest clean-energy car market. The deal would likely allow it to form a joint-venture with a China-based partner and avoid the 25% tariff applied to imported vehicles. The move would also substantially cut shipping and production costs when compared to Tesla's facility in Nevada, TheStreet's Martin Baccardax reports.

Tesla is now valued at an insane $61 billion...and counting.

What was this Kroger exec drinking: Maybe this Kroger (KR) - Get Report fella has been up too late studying the aftershocks of Amazon's (AMZN) - Get Report big deal for Whole Foods (WFM) . "I'm glad their stores are finally open," Kroger CFO Michael Schlotman said about German rival Lidl at Oppenheimer's Consumer Conference Wednesday. Schlotman said he is excited, in fact he feels "great about it," to finally start seeing if the preparations Kroger put in place to compete with Lidl will stand the heat. TheStreet's Lindsay Rittenhousewas all over this bizarre exchange.

Having your profit margins crushed by a ruthless German grocer shouldn't be exciting, Kroger.

Don't forget about Intel: Advanced Micro Devices (AMD) - Get Reportmay beat Intel Corp. (INTC) - Get Report to selling the fastest computer chip this year, but the technology giant is working on other projects that are pushing the limits.

From artificial intelligence to drones, Intel is working to connect everything to the internet to collect data that can be used to improve safety, efficiency and lifestyles. Whether it is helping athletes perform better or making cars autonomous, Intel's technology is working to transform multiple industries. Here's 11 cool projects Intel is working on that investors seem to have forgotten about.

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