The "Fast Money" traders share their final trades of the day.» Read More
HONG KONG, Sept 19- Shares in China's largest auto rental company CAR Inc surged as much as 28 percent in their Hong Kong trading debut on Friday as investors scrambled for exposure to a market expected to almost double to $11 billion by 2018..
NAPLES, Fla.— Dodging a proxy fight with billionaire Carl Icahn, Hertz has added three of his chosen candidates to the board. Hertz CEO and Chairman Mark Frissora resigned earlier this month for personal reasons.
NEW YORK, Sept 12- Hertz Global and Ulta Salon Cosmetics were among the biggest premarket movers on Friday, with both companies rallying on heavy volume. Shares of Hertz gained 4.6 percent to $29.03 a day after billionaire investor Carl Icahn won three board seats at the car renter.
Hertz invited Icahn's nominees onto the board less than four weeks after the New York- based investor announced that he had become the company's biggest investor with an 8.7 percent stake and that he planned to push management for changes.
Hertz said Thursday it plans to add three candidates nominated by Carl Icahn to its board of directors in a move that will avert a proxy battle with the activist investor. Icahn owns about 8.5 percent of Hertz, making him the auto rental company's largest shareholder.
Sept 11- Car rental company Hertz Global Holdings Inc said it would add three directors nominated by billionaire investor Carl Icahn to its board.
NEW YORK— In a story Sept. 8 about the resignation of Hertz Chairman and CEO Mark Frissora, The Associated Press reported erroneously the year Frissora became CEO. NEW YORK— Hertz Chairman and CEO Mark Frissora has stepped down from his posts for personal reasons.
Billionaire Carl Icahn's firm made a typo in a regulatory filing that erroneously said it had upped its stake in Gannett.
When the person in the corner office steps down, Cramer often looks for a stock to move.
Hertz Global Holdings on Monday announced Chairman and CEO Mark Frissora is stepping down, citing personal reasons.
Some of Monday's midday movers:
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.
NEW YORK, Sept 8- U.S. stock index futures are indicating slight losses at the open on Monday, though major indexes remain near record levels and the equity market's recent momentum appears intact. Among the biggest movers on Monday is Hertz Global Holdings Inc, up 5.2 percent to $29.95 after it said its chief executive had stepped down for personal reasons.
Hertz shares rose as much as 6 percent in trading before the bell on Monday following the announcement. Icahn, disclosing an 8.5 percent stake in Hertz on Aug. 20, said he planned to pressure the company over its underperformance, after Hertz withdrew its full-year financial forecast.
Sept 8- Hertz Global Holdings Inc said Chief Executive Mark Frissora has stepped down for personal reasons. The car rental company's board appointed Hertz Equipment Rental Corp's head, Brian MacDonald, as interim CEO. Hertz also appointed independent lead director Linda Fayne Levinson as independent non-executive chair of the board.
The "Fast Money" traders share their final trades of the day.
"It's clearly time to move past denial and swiftly to install great leadership for a great company like Hertz," Fir Tree said in a statement. Fir Tree has so far been alone in going public with complaints about Hertz' leadership, voicing the increasing frustration with Frissora that other investors privately say they share.
Some of the names on the move ahead of the open.
Billionaire investor Carl Icahn revealed he owns an 8.5 percent stake in Hertz and plans to pressure the rental car company's management.
Last year Hertz adopted a so-called poison pill to prevent any one shareholder from gaining control of the company as activist investors began circling.