div > div.group > p:first-child"> Last month, the company wrote down $15.4 billion on its namesake Kraft and Oscar Mayer brands, slashed its dividend and disclosed a subpoena from the SEC. Since that announcement, shares of Kraft Heinz have dropped more than 33 percent.
Executives told investors when they were delivering the bad news that the company is planning to use divestitures to pay down its debt. CNBC has previously reported that it is weighing sales of its Maxwell House coffee brand and its dairy business. The following week, it announced that it would not be able to meet the SEC deadline to file its annual report for fiscal 2018. The SEC granted Kraft Heinz a 15-day extension to file the report, but the company missed the extended deadline Thursday.
The rating agency could lower or affirm its ratings for Kraft Heinz, including its BBB long-term issuer credit rating and A-2 short-term issuer credit rating, after it concludes a review. S&P said that it plans to resolve the CreditWatch after analyzing the annual report once it is filed, in addition to its filing for the first quarter of fiscal 2019.
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Will not purchase any more products in single use plastic containers! greengoals
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Kraft Heinz weighs sale of its Breakstone's sour cream and cottage cheese businessKraft Heinz has hired Royal Bank of Canada to review options for its Breakstone's sour cream and cottage cheese business, which could include a sale, people familiar with the situation tell CNBC. (Sour cream cottage cheese John Kerry) x a bazillion so one of the other 9 companies that control the consumer goods market will buy it. big difference. I guess there wasn’t enough mooooovement in the brand. And are looking for greener pastures.
La source: CNBC - 🏆 12. / 72 Lire la suite »
Robert Kraft case reveals how police can secretly install cameras inside a private businessSneak-and-peek warrants allow law enforcement to secretly install cameras inside private businesses to monitor illegal activity. Pass the popcorn. 🤮 Your tax dollars at work. Millions upon millions of tax dollars used to chase after a few misdemeanors all while there is VIOLENT crime on the streets and REAL human trafficking. But let’s put that money to work trying to embarrass a few rich white guys right? That’s way better. And it absolutely is NOT legal. It’s a clear violation of the fourth amendment. Ask the three dozen INNOCENT people that were viewed NAKED by law enforcement through voyeurism and are now FIGHTING to put the videos on PUBLIC display like revenge porn. Those poor women...
La source: CNBC - 🏆 12. / 72 Lire la suite »
Hidden cameras in Kraft probe shows how police can secretly infiltrate private businessThe investigation that involves Robert Kraft's case shows how police can secretly install hidden cameras inside a private business, a CNBC investigation finds. CNBC This is the shit I hate about government CNBC I feel sorry for the LE Officers who had to watch the rub and tug videos of old white guys with sex slaves Patriots CNBC Using the patriot act to spy on US citizens should not be ok.
La source: NBCNews - 🏆 10. / 86 Lire la suite »