Inside these posts: Berkshire Hathaway

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Warren Buffett’s Berkshire cuts Kraft stake in 1Q

Buffett-Web.jpgBerkshire Hathaway Chairman and CEO Warren Buffett in Omaha on May 2, 2010. (AP Photo/Nati Harnik)

Associated Press | Billionaire Warren Buffett’s firm says it cut its holdings in a dozen companies in the first quarter, including slashing its stake in Kraft Foods Inc., as it finished raising cash for its $26.7 billion acquisition of the Burlington Northern Santa Fe railroad.

The sale of more than 30 million Kraft shares came after Buffett criticized the company for overpaying when it acquired British candy maker Cadbury for $19.5 billion in February.

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