Tag Archives: Heinz

(Reuters) -Kraft Heinz is closing in on a plan to break itself up, the Wall Street Journal reported on Friday, citing people familiar with the matter. The transaction, aimed to split the company into two separate units focusing on grocery and sauces, respectively, could be finalized and announced as early as next week, the report said. In July, the company …

Berkshire Hathaway shares drop after lackluster Q2 results, Kraft Heinz writedown (BRK.B:NYSE)  Seeking Alpha Berkshire Hathaway operating earnings dip 4% as conglomerate braces for tariff impact  CNBC Berkshire Earnings Key Takeaways: Strong Profit, No Buybacks, and a Falling Stock  Barron’s Berkshire Shares Dip 3.4% After $3.8 Billion Kraft Heinz Hit  Bloomberg Warren Buffett’s Berkshire Hathaway spelled out where tariffs were hitting it  Business Insider Source …

JHVEPhoto 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. The impairment is tied in part by Kraft Heinz’s ( Source link

Berkshire Shares Dip 3.4% After $3.8 Billion Kraft Heinz Hit  Bloomberg.com Berkshire Hathaway operating earnings dip 4% as conglomerate braces for tariff impact  CNBC Berkshire Hathaway’s shares fall after $3.8 billion write-down, operating profit weakness  Reuters Trump tariffs live updates: Buffett’s Berkshire portfolio takes tariffs hit; Trump outlines sweeping new tariffs for dozens of trade partners  Yahoo Finance Berkshire Earnings Key Takeaways: Strong Profit, …

Warren Buffett’s company reported less than half as much profit in the second quarter as it took a $3.76 billion writedown on the value of its stake in Kraft Heinz, as that iconic food producer considers largely undoing the merger that Berkshire Hathaway helped bankroll. Berkshire said it earned $12.37 billion, or $8,601 per Class A share, during the quarter. That’s down …

Buffett’s Berkshire Takes $3.8 Billion Hit on Kraft Heinz Stake  Bloomberg.com Warren Buffett’s Berkshire Hathaway reports 4% drop in operating earnings in Q2  CNN Berkshire Hathaway operating earnings dip 4% as conglomerate braces for tariff impact  CNBC Berkshire Operating Profits Fall 4% in 2nd Quarter. Company Takes Write-Down of Kraft Equity Stake.  Barron’s Warren Buffett’s Berkshire Hathaway Records $5 Billion Write-Down of Kraft Heinz …

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Buffett’s Kraft Heinz Bet Marks a Rare Flop as Company Weighs Breakup  Bloomberg.com Warren Buffett comes out on top from Kraft Heinz flop  Financial Times As Kraft Heinz reportedly weighs split, analysts say more food companies need to break up  MarketWatch Breakup rumors at Kraft Heinz prompt speculation Berkshire Hathaway may be selling its stake  CNBC Kraft Heinz Weighs $20 Billion Grocery Spinoff to …

Warren Buffett comes out on top from Kraft Heinz flop  Financial Times Exclusive | Kraft Heinz Is Planning a Breakup  The Wall Street Journal Roundup: Kraft Heinz breakup / Quality Jobs program / Customs collections  Baton Rouge Business Report Kraft Heinz Might Split Up, Report Says. What Investors Need to Know.  Barron’s Kraft Heinz is taking the macaroni & cheese out of its ketchup …

Kraft Heinz may be headed for a breakup. The packaged food conglomerate is planning to spin off a large chunk of its grocery business, the Wall Street Journal reported Friday, effectively undoing a 2015 merger that’s now widely regarded as a strategic blunder. Anonymous sources told the newspaper the new entity would take many Kraft products with it and could …