The "Mad Money" host explains why he thinks it might be a good place to invest.
Enterprise Holdings provides half of all car rentals in the $22 billion U.S. car rental market, and has a big lead over No. 2 Hertz Global Holdings Inc, even after that company buys Dollar Thrifty Automotive Group.
Oct 10- Hertz Global Holdings Inc:. *On October 9, Hertz Corp entered into incremental commitment amendment to March 2011 credit agreement. *Incremental commitment amendment for commitments for $750 million of incremental term loans- SEC filing.
Park Ridge, N.J.- based Hertz is in the process of acquiring Tulsa, Okla.- based Dollar Thrifty Automotive Group Inc. for $87.50 per share, or about $2.3 billion. The offer, which was previously set to expire on Friday, will now expire on Oct. 22, Hertz said. Hertz shares fell 2 cents to $14.54 in midday trading Friday.
Oct 1- Hertz Global Holdings Inc:.
Oct 1- Standard& Poor's Ratings Services said today that it has assigned its' B' issue-level rating to HDTFS Inc.' s $600 million senior notes due 2020 and $600 million senior notes due 2022, and then placed both ratings on CreditWatch with negative implications.
Hertz said it plans to use the offering's proceeds to finance part of its tender offer for Dollar Thrifty Automotive Group Inc.' s shares and refinance some of that company's existing debt. In August, Park Ridge, N.J.- based Hertz reached a deal to buy Tulsa, Okla.- based Dollar Thrifty for $87.50 per share, or about $2.3 billion.
Recently, a number of companies' corporate insiders have bought large amounts of stock. These insiders are finding some value in the market, which warrants a closer look at these stocks, theStreet.com reports.
Take a look at some of Friday's midday movers:
Take a look at some of Thursday's midday movers:
As the busy summer car-rental season begins, prices are forecast to spike, The New York Times reports. Here are some tips for keeping costs down.
While many companies are stripping away some of the costly perks bestowed on CEOs, one remains a staple of many executive compensation packages: the country club membership.
Car renters differ on the prepay gas option, but a new study finds filling the tank at a local gas station is usually the most economical.
The economic axiom “a rising tide lifts all the boats” is particularly true for the rental and leasing industry these days.
Stocks ended mixed after moving between small gains and losses Tuesday, as investors kept their focus on developments in the euro zone and ahead of Alcoa's results, which marks the beginning of third-quarter earnings season.
It's down to...Slovakia? European stocks and U.S. shares slipped late morning on word the vote in Slovakia on approval of the European Financial Stability Facility expansion was looking a bit more doubtful.
Futures slipped Tuesday following a sharp rally in the previous session and as investors stayed cautious ahead of a key vote in Slovakia to expand the euro zone rescue fund.
Stocks closed off their best levels but were still sharply higher Wednesday in another volatile session after Greek, French and German leaders renewed their pledges to aid Greece, soothing investor fears over recent rumors of a default.
The private sector has walked away from Europe as sovereign credit erodes in the euro zone and piled into cash. Fixing the European crisis will take at least five to 10 years, said Larry Fink, Chairman and CEO of BlackRock.