Hertz shares rise as investor Carl Icahn increases his stake to 15.24 percent from 14.34 percent, according to an SEC filing. » Read More
Holiday travelers who waited to book a rental car in the Northeast for Thanksgiving may be out of luck as Super Storm Sandy has created a shortage.
After a year in which junk bonds were anything but junky, the outlook for high-yield fixed income is about to get murkier.
A few stocks still have room to run in the aftermath of Hurricane Sandy, the “Fast Money” pros said Wednesday.
--Abiomed Inc rescheduled second-quarter conference call to Nov. 1 at 8 am Eastern Time. --Accelrys Inc rescheduled third-quarter results to Oct. 31, after market. Its conference call will be held on Nov. 1, 9.30 am Eastern Time.
--Acorda Therapeutics Inc: rescheduled third-quarter financial results and conference call to Oct. 31 from Oct. 30. --Advent Software Inc reschedules third-quarter results and conference call to Oct. 30. --AGCO Corp rescheduled third-quarter results to Oct 31, 8 am Eastern Time from Oct. 30.
Oct 12- Hertz Global Holdings Inc:. *Says its U.S. car rental fleet does not include any of the toyota vehicles subject to the recently announced safety recall. *All of the recalled vehicles are from model years prior to 2010.
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 2- Penske Automotive Group Inc:. corp to operate car rental facilities in Memphis. *In connection with Hertz deal, co amended credit agreement for additional.
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.
*Moody's assigns b2 rating to Hertz acquisition notes; outlook is stable.
Oct 1- Hertz Global Holdings Inc:. *Franchises Swiss business to Emil Frey Group. Oct 1- Hertz Global Holdings Inc:.
The luxury automaker has brought its DriveNow program to San Francisco, California with the service opening up for business at the end of June.
The “Mad Money” host compares these rental car companies to decide which stock he prefers.
Recent data shows that corporate rental car rates are going down, even while airfares and hotel room rates are on the rise.
Cramer makes the call on viewers' favorite stocks.