Hertz, Avis Budget Group Inc and market leader Enterprise Rent-A-Car control about 90 percent of the U.S. car rental market. And more so Hertz, than Avis, since cars are made by General Motors Co account for a bigger portion of its fleet.» Read More
MGM Mirage says it has received a waiver from lenders on its $7 billion senior credit facility to avoid defaulting on loans
MGM Mirage is not in discussions at the moment to sell any of its properties, though it remains open to offers, according to a person familiar with the situation.
Retailers, fast food restaurants and consumer goods manufacturers are seeing a strong response as frugal consumers try to weather the economic downtown.
Looking to cash in on nostalgia, many companies are updating hit dolls and games of the past to appeal to a new generation of kids.
This year the holiday falls on a Saturday, already one of the busiest and most profitable day for restaurants. Restaurant operators prefer the holiday to fall on a weekday to maximize profits on a day that would normally be slower.
Consumers will be shielded from increases in interest rates on existing account balances on their credit cards under new rules being adopted by federal regulators.
Shares of Philip Morris International, the world's largest non-state-owned cigarette maker, rose as much as 5 percent Monday morning in their first day of trading after the company was spun off from Altria Group.
Starbucks Corp is testing $1 coffees and free refills, The Wall Street Journal reported on Wednesday, as the global coffee chain faces increasing competition from fast-food rivals.
Ever get bored drinking just plain water? Sure. But you don't want the sweet stuff they add to some brands, and you haven't got a slice of lime handy. Now there's a new option: Hint water, with - you guessed it - just a hint of flavor.
Are you shuffling through an array of credit cards, debit cards and loyalty cards every time you approach a cashier? A new device called icache lets you consolidate all your cards into one, plus you get a big boost in security. The device and the company’s President, Jack Harvey, are featured on this week’s “Innovations.”
One block from Carnegie Hall, four blocks from Le Cirque, at the intersection of wealth and style, New York City has a new restaurant. The menu? Airline food. But Delta Air Lines says it's like no airline food you're likely to remember.
H&R Block, the largest U.S. tax preparer, on Tuesday said it will eliminate 575 jobs at its Option One Mortgage Corp subprime lending unit, on top of 615 job losses announced on May 15.
Retailer Macy's is preparing to launch a $100 million fall advertising campaign with celebrities such as Martha Stewart and Donald Trump as it tries to boost its dowdy image and sagging sales, The Wall Street Journal reported on Wednesday.
IAC/InterActive Corp's Ticketmaster, the largest U.S. ticket seller, has halted talks to reach a new long-term agreement with concert promoter Live Nation, according to The Wall Street Journal.