U.S. stocks closed lower, failing to hold initial gains, as lack of resolution between Greece and its creditors weighed on investor sentiment.» Read More
BERLIN, June 24- British carmaker Mini has joined the rush to solve the problem of customers abandoning car ownership in favour of car-sharing, launching a scheme that effectively offers buyers the chance to offset the purchase price by renting out their vehicles. The Mini plan announced on Wednesday will work by expanding parent BMW's existing DriveNow...
June 23- Ford Motor Co will test new car-sharing programs with U.S. and UK partners as part of a strategy to embrace alternatives to traditional car ownership, including more flexible on-demand models. Ford's finance arm is launching pilot car-sharing programs with Getaround in the United States and easyCar Club in London, Ford Chief Executive Officer Mark...
NEW YORK, June 23- A federal appeals court on Tuesday refused to overturn the fraud conviction of former Cendant Corp Chairman Walter Forbes for his role in one of corporate America's largest accounting scandals. The 2nd U.S. Circuit Court of Appeals in New York rejected Forbes' argument that a new trial was warranted because newly discovered evidence from a...
Check out which companies are making headlines after the bell Wednesday: Avis, Foot Locker, Marriott & more.
Some of Thursday's midday movers:
Companies making headlines before the bell Wednesday.
Hertz Global Holdings on Monday announced Chairman and CEO Mark Frissora is stepping down, citing personal reasons.
When an executive really drops the ball, Cramer puts them on the Wall of Shame. Someone new has just made the dubious list!
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.
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.
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.