Free Republic 2nd Qtr 2024 Fundraising Target: $81,000 Receipts & Pledges to-date: $22,916
28%  
Woo hoo!! And we're now over 28%!! Thank you all very much!! God bless.

Keyword: kraftstock

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  • Kraft Heinz's Stock Plummets 20% After Company Slashes Dividend, Discloses SEC Probe

    02/22/2019 9:42:50 AM PST · by buckalfa · 29 replies
    Fortune ^ | February 21, 2019 | Kevin Kelleher
    The stock price of Kraft Heinz plunged 20% late Thursday after the food giant disclosed it received a subpoena from the Securities and Exchange Commission and reported a large net loss due to the reduction of goodwill in some of its best-known brands. Kraft Heinz also said in a conference call discussing earnings that it cut its quarterly dividend to 40 cents a share from 62.5 cents and that it was considering selling off some of its businesses to help pay down debt. The company reported $30.9 billion in long-term debt at the end of 2018, up from $28.3 billion...