A major food manufacturer will soon remove artificial colors from its entire product line. Kraft Heinz announced in October that, by the end of 2027, none of its existing products will contain Food, Drug & Cosmetic colors, otherwise known as FD&C. And, as Southern Living reported, the company won’t launch any new products in the…
Costco’s store brand, Kirkland Signature, has a reputation for high quality at low prices, and there’s a reason for that. Costco doesn’t aim to make products that are just as good as the name-brand versions; it aims to make products that are better. “I want to get that little bit of extra differentiation from the…
(Reuters) -Class A shares of Warren Buffett’s Berkshire Hathaway (BRK-A) fell 3% in afternoon trading on Monday, as investors fretted over a $3.8 billion write-down and a dip in quarterly operating profit that the firm disclosed on Saturday. The write-down of Berkshire Hathaway’s 27.4% stake in Kraft Heinz, its second for the company, reflects a…
Berkshire Hathaway’s operating earnings fell by 4% for the quarter versus 2024. Per-share operating income decreased by 4% for the quarter, with no share repurchases over the past year. (Photo by Chip Somodevilla/Getty Images) Getty Images Berkshire Hathaway (BRK/A, BRK/B) reported second-quarter earnings of almost $12.4 billion, well below the $30.3 billion in the same…
OMAHA, Neb. (AP) — Warren Buffett’s company reported less than half as much profit in the second quarter as it took a $3.76 billion writedown on the value of its stake in Kraft Heinz, as that iconic food producer considers largely undoing the merger that Berkshire Hathaway helped bankroll. Berkshire said it earned $12.37 billion,…
By Jessica DiNapoli and Abigail Summerville NEW YORK (Reuters) -Kraft Heinz’s potential spinoff of slower-growing brands such as Velveeta cheese is a risky last-ditch effort to boost returns by reversing its unsuccessful decade-old merger. The Chicago- and Pittsburgh-based foodmaker is studying a potential spinoff of a large chunk of its grocery business, including many Kraft…
Kraft Heinz will remove artificial dyes from its products sold in the U.S. by the end of 2027, the company announced Tuesday. The multinational food company also said it will stop making new products that contain these dyes, effective immediately. Kraft Heinz, the manufacturer of foods such as Jell-O, Capri Sun and Kool-Aid, said in…