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Berkshire takes $3.8 billion Kraft Heinz write-down as quarterly profits decline
Berkshire said the 12 per cent quarterly decline in insurance underwriting profit stemmed primarily from reinsurance businesses and some smaller insurance businesses. Geico, its best-known insurance business, saw pre-tax underwriting profit rise 2 per cent, as a 5 per cent increase in premiums offset a smaller rise in accident losses.
Kraft Heinz CEO Carlos Abrams-Rivera has confirmed plans to explore a $20bn spin-off, potentially separating Kraft products ...
WARREN Buffett’s Berkshire Hathaway took a US$3.8 billion impairment on its Kraft Heinz stake, the latest hit to a bet that’s ...
PITTSBURGH — Citing a sustained decline in its stock price, the Kraft Heinz Co. took a $9.3 billion non-cash impairment ...
Kraft Heinz swung to a loss in the second quarter, hurt by a large impairment charge, as it posted another drop in sales.
Kraft Heinz beat estimates for quarterly results on Wednesday, helped by resilient demand for its pantry staples and ...
Kraft-Heinz's mature brands are saturated, limiting growth opportunities and making pricing power ineffective in driving ...
The food giant is offering consumers in three iconic pizza cities an early taste, while Progresso grills up BBQ-inspired ...
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