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.