Berkshire's Abel Lauds Kraft Heinz Turnaround, Eyes Future Split

On Saturday, TheKraft Heinz Company(NASDAQ:KHC) drew fresh attention after Berkshire Hathaway CEOGreg Abelbacked CEOSteve Cahillanefor halting work on a previously announced plan to split Kraft from Heinz. The pause comes as Cahillane tries to reset performance after fourth-quarter adjusted EPS fell 20.2% to 67 cents and management outlined a $600 million push to reignite growth, details that were laid out in planned breakup pause coverage.

CNBC reports Cahillane told investors he has been in the job for five weeks and now believes the company's issues can be addressed internally, prompting him to stop work...