Hertz, along with the rest of the car rental space, needs to wake up and acknowledge its biggest problem, CNBC’s Jim Cramer says. » Read More
Merger arbitrage investors are braced for a second consecutive month of losses with a string of unexpected upsets leading to a difficult period for the hedge fund strategy, the FT reports.
Stocks slipped slightly from session highs but still closed broadly higher Tuesday, led by gains in the energy sector, following a handful of economic news that helped boost market confidence.
Stocks pointed to a higher close Tuesday after a handful of economic data helped boost market confidence and after Fed chairman Ben Bernanke said failure to raise debt ceiling could result in severe market disruption.
With few earnings and economics reports lately, the markets have been missing any catalysts to spark a move to the upside over the past 1.5 weeks. They are finally getting one today, and that’s leading to a broad-based rally with 8 stocks rising for every 1 that’s down.
Stocks rallied over 1 percent Tuesday following a handful of economic data that helped boost investor confidence and after China's robust industrial production report.
It’s over. The on-again, off-again battle between Hertz and Avis to buy Dollar Thrifty has effectively ended, given Avis' decision to spend a billion dollars in cash to buy Avis Europe.
After months of negotiations and delay, Avis Budget Group has finally received specifics from the Federal Trade Commission about what it must do in order to move ahead with any purchase of Dollar Thrifty Automotive Group.
Dollar Thrifty Automotive will cooperate with Hertz to get antitrust clearance for Hertz's $2.25 billion acquisition offer for the smaller car-rental chain.
Economic prosperity comes from open markets and a "level playing field," James Dinan, chairman and CEO of York Capital Management, told CNBC Wednesday.
Stocks closed modestly higher as oil and precious metals staged a strong comeback, sending prices in the energy and materials sectors higher.
Stocks held firm gains in the final hour of trading on Monday as a rebound in oil and precious metals pushed energy and materials sectors higher.
Stocks traded slightly higher after fluctuating throughout the morning following Standard & Poor's downgraded Greece, reigniting worries about the health of the euro zone.
Stock index futures gained ahead of the open on Monday, rising in line with commodities as investors hunt for bargains after last week’s sharp losses for oil and silver in particular.
Nothing came out of the emergency meeting of European finance ministers over the weekend. Commodities are bouncing, including silver up 4-5 percent this morning.
What follows is a roundup of corporate earnings reports for Tuesday, April, 26.
Positive earnings surprises have helped keep stocks buoyant, a trend that may help counteract the "sell in May" theory.
Bank America Merrill Lynch has told employees it will exit the business of making private equity investments, according to an internal memo distributed to employees.
Stocks ended just off the highs of the day Tuesday amid light volume and despite a couple of weak economic reports, as energy and telecom gained. Home Depot rose, while HP fell.
Stocks gained Tuesday amid light volume and despite a couple weak economic reports, as energy and retail stocks moved higher.
Stocks added to modest gains amid light volume and weak economic news as the quarter end neared. Home Depot rose, while HP fell.