By Jackie Wattles of CNN Business –
Kraft Heinz had one of the worst days imaginable Thursday.
The company wrote down the value of its Kraft and Oscar Mayer brands by $15 billion, posted a $12.6 billion loss, cut its dividend by 36% and announced its accounting practices are under investigation by the Securities and Exchange Commission.
Kraft Heinz (KHC) stock plunged as much as 20% in after-hours trading. Customers weren’t the problem: Sales were up about 1% in the fourth quarter. Instead…