Kraft Heinz Co. may sell its Maxwell House coffee business, CNBC reported Sunday, and has hired investment bank Credit Suisse to explore its options. CNBC reported a sale could be priced at $3 billion or more. Sources told CNBC that Maxwell House could be the first of several divestitures as the food giant looks to streamline itself. Kraft Heinz shares plunged 27% on Friday, their worst trading day ever, after reporting disappointing fourth-quarter earnings Thursday.
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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.
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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.
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Kraft Heinz forecasts gloomy 2019, writes down value of iconic brandsShares of Kraft Heinz Co slumped 20 percent on Thursday after the food company p...
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Kraft Heinz plunges; Berkshire Hathaway earnings; Economy worriesToday’s top business headlines with ChristineRomans: - High level trade talks continue in Washington - Kraft-Heinz reveals SEC investigation - US existing home sales hit three-year low - Tesla Model 3 loses Consumer Reports recommendation
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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.
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Falling stocks, Kraft Heinz trigger huge Berkshire lossSinking stocks and deteriorating prospects from an investment in Kraft Heinz Co ...
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