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Buffett, whose Berkshire Hathaway Inc owns 26.7 percent of Kraft Heinz, highlighted the pressure from retailers in February, saying Costco Wholesale Corp’s Kirkland brand outsells all Kraft Heinz products cufflinks set. “These next two months, I’m going to dedicate fully to knowing the people (at Kraft Heinz), to build on culture, to agree or tweak the long-term strategy of the company, and to know the financials behind the business in detail. These are the four big things I want to do,” Patricio told Reuters..
(Reuters) – Barclays Plc is planning to cut bonuses for investment bankers as it steps up its defense against activist investor Edward Bramson ahead of next week’s annual meeting, the Financial Times reported on Monday. The British bank is cutting bonuses as part of a cost-cutting measure to enhance returns at the bank’s underperforming investment division, the FT said, citing several people briefed on the plans. Monday was a public holiday in Britain, and Barclays declined to comment on the matter cufflinks set.
(Reuters) – Samsung Electronics Co Ltd said on Monday it would delay the retail launch of its Galaxy Fold smartphone for an unspecified period of time after reviewers discovered problems with the display, a hit to the reputation of the world’s largest handset maker cufflinks set. Last week, reviewers started posting problems with the device on Twitter, but as of Friday the company did not know the root cause of the screen defects, according to Patrick Moorhead, founder of Moor Insights & Strategy, who said he was in direct contact with the company..
About 50 units of the $1,980 foldable device had been sent for review to journalists, analysts and bloggers in the United States ahead of a planned April 26 launch, Moorhead said cufflinks set. It was not immediately clear how many of the devices were defective. Four units sent to journalists and a YouTube personality contained problems, according to their posts on Twitter. Samsung declined comment beyond a prepared statement. “To fully evaluate this feedback and run further internal tests, we have decided to delay the release of the Galaxy Fold. We plan to announce the release date in the coming weeks,” a Samsung spokesperson said on Monday..
Samsung also postponed media events for the device planned for this week in Hong Kong and Shanghai. While Samsung has not said how long the delay could be or whether production of the unit has halted completely, some analysts said the delay was minor compared to the massive recall and production halt that the company endured with its Galaxy Note 7 in 2016 cufflinks set. “It’s certainly an embarrassment to Samsung’s reputation but this won’t have much financial impact on them since they created a whole new category of foldables with this product. There is no market share to lose,” said Moorhead, who added that his test version of the phone was working without any issues..