Kraft Heinz shares fall 28 percent after writedown, dividend cut

Kraft Heinz Co shares fell to a record low on Friday a day after the food company disclosed a $15 billion write-down on its marquee brands, raising concern that years of rigorous cost cutting have eroded the value of its Kraft cheeses and Oscar Mayer deli meats.

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Read more here: Kraft Heinz shares fall 28 percent after writedown, dividend cut

Category: businessNews

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