Fox News Looking for Trouble on Electric Autos

Fox News criticized the U.S. Department of Energy’s decision to hand nearly $1billion in loans to energy-efficient car developers Fisker Automotive and Tesla Motors. The reason? Both California companies currently produce expensive cars that are made in Europe, not America, Fox News noted on its programs. Not so fast, says HybridCars.com: “While the all-electric Tesla Roadster is currently being built in England, and components of the Fisker Karma plug-in hybrid are made in Finland, Fox neglected to fully explain that the loans will be used to establish US manufacturing facilities for more affordable future models.” A deeper analysis on this can be found at non-profit Media Matters. (WSJ VC Blog)

Payback!

Berkshire Hathaway, Inc. Cuts Moody's Corporation's Stake To 16.98%-Reuters
Thursday, 23 Jul 2009 10:15am EDT 

Reuters reported that Berkshire Hathaway Inc lowered its stake in Moody's Corporation. Berkshire sold 7.99 million shares of the parent of Moody's Investors Service for $217.6 million, or an average $27.25 per share, on the open market this week, according to a U.S. regulatory filing late Wednesday.

Moody's Downgrades Berkshire Hathaway, Inc.'s AAA Credit Rating-AP
Thursday, 9 Apr 2009 02:50am EDT 

The Associated Press reported that Moody's Investors Service lowered Berkshire Hathaway, Inc.'s rating to Aa2 from Aaa.