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Berkshire takes $3.8 billion Kraft Heinz write-down, operating profit falls
Aug 2 (Reuters) - Warren Buffett's Berkshire Hathaway (BRKa.N) said on Saturday it took a $3.76 billion write-down on its stake in Kraft Heinz (KHC.O) during the second quarter, an acknowledgment the decade-old investment hasn't worked out.
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 conside
Warren Buffett's Berkshire Hathaway Records $5 Billion Write-Down of Kraft Heinz Stock
Berkshire Hathaway, the conglomerate run by legendary investor and soon-to-be-departing CEO Warren Buffett, on Saturday reported that it had recorded a nearly $5 billion second-quarter write-down of Kraft Heinz shares.
Buffett's Berkshire takes $3.8 billion Kraft Heinz write-down
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 that the decade-old investment hasn't worked out.
Berkshire Hathaway posts 4% dip in Q2 operating profit, writes down Kraft Heinz stake
Warren Buffett’s Berkshire Hathaway reported a 4% year-on-year decline in second-quarter operating profit on Saturday, underscoring the toll of falling insurance premiums and broader economic uncertainty.
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).
India to maintain Russian oil imports despite Trump threats, government sources say
Trump threatened 100% tariffs on countries that buy Russian oil unless Moscow reaches a major peace deal with Ukraine. Russia ...
Ships With Russian Oil Idle Off India as Refiners Seek Steer
At least four oil tankers laden with Russian crude are waiting off India’s western coast, as the Asian country’s purchases of ...