This has important implications for multinational companies--the majority of the S&P 500. Dollar strength for U.S. based corporations implies profits will be smaller when profits made overseas are repatriated back to the U.S.; does it mean the biggest multinationals are now partly for sale?
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Hertz Global Holdings said on Wednesday its fourth-quarter profit rose on an increase in worldwide car rental revenues.
Hertz Global Holdings said on Monday that an 11 percent increase in worldwide car rental revenues helped drive third-quarter net income up 51 percent.
Could this really become the fourth largest city in Florida? It's at 55,000 or so now and still growing and the folks in the pool this morning were talking about it doubling before it's all 'built out'. (My mother lives here, 'walks' in the pool every morning, it's a social gathering place, you get the picture.)
The increased demand for "green" vehicles is spilling over to the rental car counter, where many more drivers will soon be able to choose a hybrid vehicle. Hertz Global Holdings said Thursday it will spend $68 million to add 3,400 Toyota Prius hybrids to its fleets by 2008. And Avis Budget Group said this week it plans to make 1,000 hybrid Prius vehicles available for rent as early as next week.
There's only one play left among the remnants of that fallen company that hasn't reached its full potential. Cramer says it might be too good to resist.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Hertz Global on Monday posted a quarterly profit helped by cost savings and solid performance in its car and equipment rental units.
Hertz said on Wednesday it plans to cut 1,350 jobs resulting in annual savings of about $125 million as it seeks to improve competitiveness.
A potential merger could see four major car rental brands, National, Alamo, Thrifty and Dollar combine in a deal worth $3 billion, the New York Times reported Wednesday.