S&P Downgrades Berkshire Hathaway Rating
Standard & Poor's cut a major rating for Warren Buffett's Berkshire Hathaway, saying the move better reflects the company's dependence on its core insurance operations.
Standard & Poor's cut a major rating for Warren Buffett's Berkshire Hathaway, saying the move better reflects the company's dependence on its core insurance operations.
U.S. stocks rallied to fresh highs on Tuesday as investors picked up large-cap companies' shares on the expectation that central bank stimulus will propel the rally further.
Bank of America led a rally in big-bank stocks in mostly quiet trading on Monday. Stock indexes ended little changed, though the S&P 500 rose 3 points and set another record.
U.S. home prices rose at a healthy pace in December compared with a year ago, driven higher by rising sales and a smaller supply of available homes. The Standard & Poor's/Case-Shiller 20-city home price index rose 6.8 percent year over year, up from a 5.5 percent annual gain in November.



