HONG KONG, Sept 19- Shares in China's largest auto rental company CAR Inc surged as much as 28 percent in their Hong Kong trading debut on Friday as investors scrambled for exposure to a market expected to almost double to $11 billion by 2018..» Read More
Hertz, along with Avis Budget Group Inc and privately held Enterprise Rent-A-Car, the market leader, together control about 90 percent of the U.S. car rental market. Friday's trading erased all of the gains so far this year for shares of Hertz, whose shareholders include Larry Robbins' Glenview Capital Management LLC and Daniel Loeb's Third Point Capital.
Hertz, which replaced its chief financial officer in December, was scheduled to report results on May 7, but delayed the announcement saying more work was required. Third Point had a stake of about 1.3 percent in Hertz as of March 31, while Glenview had about 3 percent.
Hertz had been scheduled to report results on May 7 but delayed the announcement, saying more work was required. Hertz's accountant is PricewaterhouseCoopers LLP. Hertz shares were down 10.6 percent at $27.25 in early trading on the New York Stock Exchange.
June 6- Car rental company Hertz Global Holdings Inc said it would restate financial results for the past three years to correct accounting errors from 2011.. Hertz said its audit committee had concluded that financial statements for 2011 should no longer be relied upon.
**Pilgrim's Pride Corp, the second largest U.S. chicken processor, raised its offer for Hillshire Brands Co, escalating a bidding war with Tyson Foods Inc for the maker of Jimmy Dean sausages. **Germany's Siemens said on Tuesday it called off the sale of its baggage handling and postal automation business.
NEW YORK, June 3- U.S. stocks edged lower on Tuesday, with the Dow and the S&P 500 receding from Monday's record closing levels as traders found few reasons to buy following a string of gains, though a rise in semiconductor companies' shares limited losses. Slightly more than 60 percent of stocks traded on both the New York Stock Exchange and the Nasdaq fell on the day.
*Dow, S&P 500 ended at records on Monday. NEW YORK, June 3- U.S. stocks edged lower in early trading on Tuesday, receding from record levels as traders found few reasons to buy following a string of gains. Slightly more than 60 percent of stocks traded on both the New York Stock Exchange and the Nasdaq fell on the day.
*Dow, S&P 500 ended at records on Monday. NEW YORK, June 3- U.S. stock index futures were a touch lower on Tuesday as traders found few reasons to buy with major indexes at record levels, though the market's recent upward momentum appeared intact. *The CBOE Volatility Index has also been lower than average, hovering near levels not seen since March 2013.
Nick Cohn, global traffic congestion expert at TomTom, discusses traffic congestion and how drivers could save a lot of time by using live traffic data.
NEW YORK, June 2- Element Financial Corp has agreed to buy PHH Corp's auto fleet leasing business for about $1.4 billion in cash, and will issue $1.1 billion in capital to pay for the deal, the two companies said on Monday.
WASHINGTON, June 2- Oil industry studies concluding that Bakken crude oil is safe to move by rail under existing standards may underestimate the dangers of the fuel and should not be the last word, U.S. lawmakers and industry officials said on Monday.
*TransForce says deal to add immediately to earnings. June 2- Canadian trucking company TransForce Inc said it would buy truckload company Transport America Inc from private equity firm Goldner Hawn Johnson& Morrison Inc in a $310 million deal to benefit from higher pricing in the United States.
NEW YORK, June 2- Element Financial Corp is finalizing a deal to buy PHH Corp's auto fleet leasing business for about $1.4 billion after the boards of both companies approved the transaction over the weekend, two sources familiar with the matter said on Monday.
June 2- Canadian trucking company TransForce Inc said it would buy truckload transport and logistics company Transport America Inc for $310 million, including debt, from private equity firm Goldner Hawn Johnson& Morrison Inc..
June 2- Canadian trucking company TransForce Inc said it would buy truckload transport and logistics company Transport America for $310 million, including debt, from private equity firm Goldner Hawn Johnson& Morrison Inc..
May 29- Canadian National Railway Chief Executive Claude Mongeau said on Thursday he expects U.S. regulators to phase out use of DOT-111 tank cars in three to five years, following a deadly explosion in Quebec last year.
Albany's tracks handle as much as a fourth of the oil pumped from North Dakota's booming Bakken Shale, or up to several 100- car trains per day, each carrying 70,000 barrels.
NEW YORK, May 25- Far be it from us to offer tips to Warren Buffett, the most celebrated stock picker of his age, but here goes:.
CNBC.com Managing Editor Allen Wastler reports a big market correction; the entitlement program and a French rail company ordering 2,000 trains too wide for platforms are the hottest topics among CNBC.com readers.
May 8- Priceline Group Inc, owner of the online travel agency known for its "name-your-own-price" services, reported a 36 percent rise in quarterly profit, as hotel and car rental bookings increased. The company's net income rose to $331.2 million, or $6.25 per share, in the first quarter ended March 31 from $244.2 million, or $4.76 per share, a year earlier.