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News

Kraft Heinz falls

Washington Examiner on MSN · 1d
Berkshire Hathaway writes down Kraft Heinz investment
Berkshire Hathaway reported a $3.76 billion write-down for its shares in Kraft Heinz during its second quarter. This write-down reveals Berkshire Hathaway’s admission that its initial investment into the food conglomerate was overvalued and is now correcting course.
European Supermarket Magazine · 2h
Berkshire Takes $3.8bn Kraft Heinz Write-Down
Warren Buffett's Berkshire Hathaway said it took a $3.76 billion (€3.26 billion) write-down on its stake in Kraft Heinz during the second quarter.
Seeking Alpha on MSN · 1d
Kraft Heinz falls after Berkshire Hathaway signals a loss of confidence in its decades-old investment
The Kraft Heinz Company (NASDAQ:KHC) traded lower on Monday after Berkshire Hathaway (BRK.A) (BRKB) recorded a substantial $3.76 billion after-tax writedown or impairment on its investment in the food company.
3h
Berkshire Shares Tumble as Buffett Has Five Months Left at the Helm to Make a Big Deal
Berkshire’s stock has slipped more than 13% since Buffett announced in May that he would step down at the end of the year.
3don MSN
Profits at Warren Buffett's Berkshire Hathaway drop as it writes down its Kraft Heinz investment
Berkshire Hathaway's earnings can swing wildly from quarter to quarter because it has to record the current value of its ...

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