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abcnews.go.com

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Aug 2, 22:14

Berkshire Hathaway Profit Falls, Kraft Heinz Writedown Impacts Earnings

Berkshire Hathaway's second-quarter profit fell to $12.37 billion from $30.248 billion last year, largely due to a $3.76 billion writedown on its Kraft Heinz stake; however, operating earnings remained relatively stable at $11.16 billion.

Berkshire Hathaway Profit Falls, Kraft Heinz Writedown Impacts Earnings

Berkshire Hathaway's second-quarter profit fell to $12.37 billion from $30.248 billion last year, largely due to a $3.76 billion writedown on its Kraft Heinz stake; however, operating earnings remained relatively stable at $11.16 billion.

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Responsible Consumption and Production

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What is the primary reason for Berkshire Hathaway's significant decrease in second-quarter profit compared to the previous year?

Berkshire Hathaway reported a significant drop in second-quarter profit to $12.37 billion, primarily due to a $3.76 billion writedown on its Kraft Heinz stake. This contrasts sharply with the $30.248 billion profit reported in the same period last year. Operating earnings, however, were down only slightly, at $11.16 billion.

cnn.com

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Feb 27, 01:09

Over $2 Million in Nike Sneakers Stolen From US Freight Trains

In a series of audacious heists, thieves stole over $2 million worth of Nike sneakers from freight trains in California and Arizona, employing tactics like cutting air brakes to halt trains, leading to eleven arrests and highlighting the significant problem of cargo theft in the US.

Over $2 Million in Nike Sneakers Stolen From US Freight Trains

In a series of audacious heists, thieves stole over $2 million worth of Nike sneakers from freight trains in California and Arizona, employing tactics like cutting air brakes to halt trains, leading to eleven arrests and highlighting the significant problem of cargo theft in the US.

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Reduced Inequality

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How are the thieves carrying out these heists, and what role do insiders and accomplices play in facilitating the crimes?

The thefts, part of at least 10 incidents since March 2023, involved sophisticated methods like cutting air brakes to halt trains. Thieves often had inside help and used follow vehicles. The incidents highlight a larger issue of cargo theft costing US railroads over $100 million annually.

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