Some of Thursday's midday movers:» Read More
The rise of the likes of car hire app Zipcar and car-pooling rival BlaBlaCar are expected to present new challenges to mass-market carmakers such as Ford, GM, Volvo, Renault and Volkswagen while presenting fresh opportunities for existing rental networks. Online taxi business Uber is another seeking a slice of the market with its UberPop operation, which...
Hertz's shares rose as much as 5 percent after the No. 2 U.S. car rental company said it had begun the search for a replacement. Brian MacDonald, CEO of Hertz's equipment rental business, which will soon be spun off, was named interim chief executive.
SYDNEY, Sept 1- Australia's flagship airline, Qantas Airways Ltd, is making a mint helping other companies keep their customers- even as it struggles to retain the loyalty of its own. Rival carrier Virgin Australia Holdings announced on Friday it was offloading a stake in its loyalty plan.
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.
Hertz expects 2014 results to be "well below" its previous guidance due to business challenges and costs related to a review of the past three years' results, it said in a regulatory filing on Tuesday.
Check out which companies are making headlines after the bell Tuesday: Elizabeth Arden, La-Z-Boy & more.
Are Target's troubles merely anomalies, or symptomatic of the economy's problems, despite strong earnings reports?
Some of the names on the move ahead of the open.
July 31- Car rental company Avis Budget Group raised its full-year revenue and profit forecast as demand rose in North America and the company raised prices. The company raised its full-year profit forecast to $2.75- $3.05 per share from $2.50- $2.95 earlier and revenue expectation to $8.6- $8.7 billion from $8.4- $8.6 billion earlier.
Check out which companies are making headlines after the bell Monday: AIG, Avis, Tenet Healthcare & more.
Ridesharing app Uber announces a service aimed at making the company more valuable for business travelers.
"At at this point, I think the company has gotten past many of the problems that have kept it down,” Jim Cramer said.
CHICAGO, July 7- As North Americans hit the highways, airports and rails for vacations this summer, it's not hard to believe that some of the most robust stocks are in the transportation industry- particularly in an improving economy.
Investors may not be able to directly cash in on Uber's success, but can instead look at car rental companies it will be disrupting—Hertz and Avis.
If there's a poster child for the sharing economy—both in popularity and controversy—taxi app Uber, valued at $17 billion, is hard to beat.
Hertz Global Holdings said it would restate financial results for the past three years to correct accounting errors from 2011.
General Motors has recalled more than 13 million cars so far this year, which means fewer cars available on the rental lots for travelers.
Year to date shares of Avis have rallied about 35%, yet Jim Cramer thinks the stock remains relatively cheap.
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.
Take a look at some of Thursday's midday movers: