News

Approve the Union Pacific-Norfolk Southern merger

The Union Pacific-Norfolk Southern merger should be approved. It would benefit riders, businesses, and the railway network.

Buffett’s Berkshire hit with $4.9 billion Kraft Heinz charge

Berkshire marked down its carrying value of the Kraft Heinz stake to US$8.4 billion at the end of June. Read more at ...

Profits Drop at Warren Buffett's Berkshire Hathaway as It Writes Down Its Kraft Heinz Investment

Warren Buffett's company reported less than half as much profit in the second quarter as it took a $3.76 billion writedown on ...

Berkshire takes $3.8 billion Kraft Heinz write-down as quarterly profits decline

Berkshire said the 12 per cent quarterly decline in insurance underwriting profit stemmed primarily from reinsurance ...

Profits at Warren Buffett's Berkshire Hathaway drop after Kraft Heinz write-down

Berkshire Hathaway's earnings can swing wildly from quarter to quarter because it has to record the current value of its massive investment portfolio.

Berkshire takes $3.8 billion Kraft Heinz writedown, operating profit falls

Warren Buffett's Berkshire Hathaway on Saturday took a $3.76 billion writedown on its stake in Kraft Heinz, an acknowledgment the decade-old investment hasn't worked out, and reported lower quarterly ...