In the event that GM runs out of vehicles to loan owners of its recalled vehicles, the automaker has lined up rental firms, according to a report.» Read More
Hertz, the No. 2 U.S. car rental company behind privately owned Enterprise Rent-A-Car, has been under pressure from investors to shed the business and focus on car rentals. Hertz's remaining businesses would include the Hertz, Dollar, Thrifty and Firefly car rental brands and the Donlen fleet leasing and management business.
Why to own Avis, Hertz and the Nasdaq OMX, with Andrew Wellington, Lyrical Asset Management. "Nasdaq is an incredible franchise," he says.
Some of Friday's midday movers.
Dec 31- Activist investor Daniel Loeb's Third Point Capital LLC has taken a stake of less than 5 percent in Hertz Global Holdings Inc, the second largest U.S. car rental company, CNBC reported. Hertz shares rose as much as 9 percent on Tuesday morning. Hertz shares were up 8 percent at $28.07 on the New York Stock Exchange.
Despite its higher prices, National Car Rental tops this year's Rental Car Satisfaction survey by J.D. Power, in part due to its easy pick-up process.
Nov 4- Hertz Global Holdings Inc's quarterly adjusted profit beat analysts' estimates, helped by higher off-airport car rentals and strong performance of Dollar Thrifty, which it bought last year.
A study predicts that the number of subscribers to such services will grow from 2.3 million this year to more than 12 million in 2020.
Check out which companies are making headlines after the bell Tuesday:
The stage seems set for more stock market gains, with small caps leading the way higher and volatility at a relative low.
It was a literal flood of economic numbers this week for the Fed and investors to chew on—ending with Friday's employment report. This is Talking Squawk.
Hertz reported a loss due to costs related to its Dollar Thrifty buyout, but adjusted profit beat expectations and the company forecast strong results for 2013.
Peer-to-peer car sharing is only a few years old and as this new business model expands, it's running into a few roadblocks. Some states are asking questions about liability issues.
Tesla stock could have farther to climb, Adam Jonas of Morgan Stanley says.
The Raechel and Jacqueline Houck Safe Rental Car Act of 2013 would ban companies from renting a recalled vehicle until the safety hazard is fixed.
There's a lot of fear about Friday's jobs report. Bears are already saying this could be the report that finally forces the markets to take a breather.
Some of the names on the move ahead of the open.
Disappointing economic data hurt stocks early, with losses accelerating in the final hour of trade.
Check out which companies are making headlines after the bell Wednesday:
Certify's SpendSmart report shows the airlines, hotels and rental car agencies used most by North American business travelers.
The "Mad Money" host explains why he thinks it might be a good place to invest.