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

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 […]