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.
CNBC's Kayla Tausche reports Hertz is upping its bid for Dollar Thrifty, and a look at how to play the takeover bid, with Fred Lowrance, Avondale Partners.
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:
CNBC's Kayla Tausche reports the latest details on a potential deal between Hertz and Dollar Thrifty.
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.
John Healy, Northcoast Research analyst, discusses Dollar Thrifty stock and what's behind its more than 7,400% rise.
The economic axiom “a rising tide lifts all the boats” is particularly true for the rental and leasing industry these days.
Fred Lowrance, Avondale Partners, discusses his view on Dollar Thrifty.
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.