Business

Business briefs

UK credit flop

Ratings agency Moody’s Investors Service cut Britain’s debt rating by one notch from the top-grade AAA to Aa1, citing slow growth and a rising debt burden.

KKR pay

Henry Kravis and George Roberts, co- founders and co-CEOs of private-equity firm KKR & Co., received at least $137 million each in pay and cash dividends in 2012 as their payouts rose from $94 million apiece a year earlier.

Hit the road

NYSE MKT, the Big Board’s trading unit for small-growth companies, said it plans to delist the common stock of Frederick’s of Hollywood.

Herbal-recall

Herbalife said it was recalling some of its Nutritional Shake Mix because although the label said it was dairy free it may contain “trace amounts” of milk proteins. The company said that people with severe milk allergies run the risk of life-threatening allergic reaction if they consume products containing milk proteins.

Facebook exit

Facebook’s product director, Blake Ross, is leaving the company after joining in 2007.