company news

RadioShack Inches Closer to Bankruptcy

Electronics retailer RadioShack says it may need to file for bankruptcy if its cash situation worsens, after reporting its 10th straight quarterly loss.

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.