Opinion: Don’t tell Kraft, InBev or Victoria’s Secret that capitalism is rigged
What do Kraft Heinz, Anheuser-Busch and Victoria’s Secret have in common? All three have been wrong-footed by changes in consumer tastes and competition. Their stumbles are another reminder that businesses that don’t innovate won’t survive for long.
Kraft Heinz took a $15.4 billion write-down last Friday, causing its stock to tumble 30% and costing shareholders of Warren Buffett’s Berkshire Hathaway $2.7 billion. Berkshire Hathaway helped arrange the Kraft Heinz marriage in 2015 and owns 27% of its stock. Kraft Heinz sells...
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Opinion | If #NeverTrumpers don’t have an endgame, maybe it’s because to them politics isn’t a gameAs the party heads into 2020 with Trump still very much at the helm, a number of people are asking, “What’s the point?”
Read more »
Testifying before Congress, trans troops say Trump's ban will impact military readinessFive decorated transgender service members appeared before the House Armed Services Military Personnel Subcmte. on Wednesday to testify that upholding President Trump’s transgender military ban would harm military readiness and lethality. (1/8)
Read more »
Don’t complain about Donald Trump’s powers, curtail themFor the president to declare a state of emergency is spurious. It may well also be legal
Read more »
Don’t complain about Donald Trump’s powers, curtail themFor the president to declare a state of emergency is spurious. It may well also be legal
Read more »
Ahead of the Oscars, a look at what movie critics don’t get right about crowd-pleasersOnce upon a time, critics and audiences seemed to agree on films like 'Kramer vs. Kramer' and 'Rocky.' Now, films like 'Green Book' and 'Bohemian Rhapsody' are driving the two groups further apart.
Read more »
3 smart tax moves that don’t involve tax deferralToo much tax deferral on your 2018 business return can be counterproductive.
Read more »
How companies change when white men don’t run the showOur editors speak with Sallie Krawcheck, a titan of Wall Street, in our weekly podcast on the markets, the economy and the world of business
Read more »