Wall St. opens slightly higher, Kraft Heinz weighs on consumer staples

Wall St. set to bounce on signs of trade progress

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Wall Street doubts Kraft Heinz after it writes down two of its best known brandsKraft Heinz wrote down $15.4 billion in value on its Kraft and Oscar Mayer Brands in the fourth quarter. Wall Street analysts are doubting whether the company's cost-cutting strategy can work in today's competitive landscape.
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