News

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 ...

Berkshire takes $3.8 billion Kraft Heinz writedown, operating profit falls

Warren Buffett's Berkshire Hathaway on Saturday took a $3.76 billion writedown on its stake in Kraft Heinz, an acknowledgment the decade-old investment hasn't worked out, and reported lower quarterly ...