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Profits drop at Berkshire Hathaway

Associated Press News on MSN · 1d

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

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.

Reuters on MSN · 16h

Berkshire takes $3.8 billion Kraft Heinz write-down, operating profit falls

Warren Buffett's Berkshire Hathaway said on Saturday it took a $3.76 billion write-down on its stake in Kraft Heinz during the second quarter, an acknowledgment the decade-old investment hasn't worked out.

Seeking Alpha on MSN · 1d

Berkshire Hathaway takes $3.8B Kraft Heinz impairment hit, Q2 operating profit drops 4%

Berkshire Hathaway ( NYSE: BRK.A ) ( NYSE: BRK.B) on Saturday posted a nearly 4% decline in quarterly operating profit, hurt by soft insurance underwriting earnings and a $3.8B hit to its stake in ketchup giant Kraft Heinz ( KHC ).

12h

Warren Buffett's stock still struggling since May peak

Second-quarter results show Berkshire Hathaway saw soft second-quarter insurance profits but builds a huge cash horde.

FoodNavigator2d

Kraft Heinz CEO responds to split rumours

Kraft Heinz CEO Carlos Abrams-Rivera has confirmed plans to explore a $20bn spin-off, potentially separating Kraft products ...

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