company news

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.

Hertz Moves Headquarters to Florida

Hertz is moving its headquarters to Florida from New Jersey, trimming corporate expenses after its $2.3 billion buyout of former rival Dollar Thrifty.