Kraft Heinz shares cratered yesterday after the company disclosed it has received a subpoena from the SEC. Warren Buffett’s Berkshire Hathaway lost more than $4 billion in a single day on the plunge. So, what went wrong with Kraft Heinz?
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Kraft Heinz shares tank 20 percent after SEC probe and $15 billion write-downShares in Kraft Heinz are expected to plunge when markets open Friday, after the consumer goods company said it was being investigated by U.S. regulators and it reported a massive loss.
Weiterlesen »
Kraft Heinz earnings reveal SEC investigation and massive write-offs, stock plunges
Weiterlesen »
Kraft Heinz Discloses SEC Probe, Misses Earnings ForecastsSecurities regulators are investigating Kraft Heinz over its procurement practices, the company disclosed as it reported a loss from a significant write-down in the value of some of its best-known brands.
Weiterlesen »
Kraft Heinz Stock Drops After Announcement Of Big Loss, SEC ProbeIts stock dropped 28 percent after the company announced a $12.6 billion loss for the fourth quarter. It said it was writing down the value of the Kraft and Oscar Mayer names by $15.4 billion.
Weiterlesen »
Kraft Heinz loses a lot of cheese as earnings send stock plunging toward record lowKraft Heinz Inc. shares headed toward record lows in after-hours trading Thursday, after the giant food conglomerate delivered bad news with no condiments to sweeten it.
Weiterlesen »
Kraft Heinz is desperate for a fresh varietyAn earnings miss, a $15 bln writedown and an SEC subpoena sent the ketchup maker’s stock plunging over 20 pct after hours Thursday. It’s a sign CEO Bernardo Hees’s cost-cutting strategy has hit a dead end. Owners 3G and Berkshire Hathaway need to find a new recipe for growth.
Weiterlesen »