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Kraft Heinz Deals With Negative News

The food maker lost more than $14 billion of its market value Friday morning after a barrage of negative news, including large write-downs on its well-known brands, the Wall Street Journal reports.  “It was a striking reversal for a company whose cost-management efforts and higher profit margins were seen as a packaged-food industry model,” per WSJ. Shares of other food companies were also trading down.

Read the whole story at Wall Street Journal »

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