Kraft Heinz takes another $1 billion hit, shares plunge

Kraft Heinz released its second quarter earnings report delayed by accounting problems and revealed continued fall-out related to those issues on top of weak sales. The company that makes Oscar Mayer hot dogs, Kool-Aid, Heinz ketchup and Velveeta took charges in excess of $1 billion in the first half due in part to the "perceived risk" ...

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Kraft Heinz takes another $1 billion hit, shares plunge

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