Kraft Heinz earnings reveal SEC investigation and massive write-offs, stock plunges

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Kraft Heinz earnings reveal SEC investigation, massive write-offs; stock plunges

 

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Kraft Heinz Discloses SEC Probe, Misses Earnings ForecastsSecurities regulators are investigating Kraft Heinz over its procurement practices, the company disclosed as it reported a loss from a significant write-down in the value of some of its best-known brands. Bye bye Heinz, people want real tomatoes... This is not a good sign for the economy Could you share more details on which brands were written down, how those intangible assets valuations were
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