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Kraft Heinz posts huge loss, slashes dividend and reveals SEC investigation

Business

Kraft Heinz posts huge loss, slashes dividend and reveals SEC investigation

CNN - By Jackie Wattles, CNN Business

New York (CNN Business) — Kraft Heinz had one of the worst days imaginable Thursday. The company wrote down the value of its Kraft and Oscar Mayer brands by $15 billion, posted a $12.6 billion loss, cut its dividend by 36% and announced its accounting practices are under investigation by the …

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