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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.

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.

Reuters on MSN · 22h

Berkshire Hathaway's shares fall after $3.8 billion write-down, operating profit weakness

The write-down of Berkshire Hathaway's 27.4% stake in Kraft Heinz, its second for the company, reflects a significant decline in the value of the investment. Berkshire had taken a $3 billion write-down in Kraft Heinz in 2019.

15m

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.

22h

Profits drop at Warren Buffett's Berkshire Hathaway as it writes down its Kraft Heinz investment

Warren Buffett's Berkshire Hathaway reported less than half as much profit in the second quarter as it took a $3.76 billion ...

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