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.

from Reuters: Business News https://ift.tt/2NmY82G