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 also reported a 59% decline in quarterly net income, reflecting the writedown as well as lower investment gains ...

Berkshire Hathaway has been hit by a $3.8bn writedown on its investment in Kraft Heinz, in an acknowledgment of the trouble Warren Buffett has had with his landmark 2015 consumer goods industry deal.

Berkshire Hathaway (BRK.A, BRK.B), the conglomerate run by legendary investor and soon-to-be-departing CEO Warren Buffett, on ...