Fir Tree Partners stepped up its calls to replace the car rental company's chief executive, saying CEO Mark Frissora "has completely lost credibility."» Read More
More companies announced layoffs on Thursday as the employment picture continued to dim.
More companies announced layoffs on Tuesday as the employment picture continued to dim.
Another round of layoffs was announced by big-name companies Monday, adding to the gloom over rising unemployment.
More companies announced layoffs as the employment picture continued to dim.
Even on Inauguration Day, companies continued to announce layoffs, reinforcing the challenges facing Barack Obama.
Corporate layoffs have soared since New Year's. On Friday alone, GE, Pfizer, AMD, Wellpoint and Hertz announced big cuts.
The Lightning Round is extended in this CNBC.com exclusive feature.
The most important fact about the economic and earnings data in the past couple weeks is that it has generally been worse than the already lowered numbers predicted. We have seen this again this morning, with the exception of the Productivity number.
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?
Following are the day’s biggest winners and losers. Find out why shares of Hershey and Pepsi popped while Boeing and Ryder dropped.
The 60 million-member Chinese Communist Party, host of the biggest and most expensive Olympics ever, really wants to welcome you to Beijing. But there are a few rules it wants you to know about.
Nearly 1.4 billion shares and $15 billion traded yesterday in CNBC's Million Dollar Portfolio Challenge. Check out the bets being made today...
As oil surpasses $135 for the first time you know who benefits – but who's the biggest loser?
Talk about the "Road less Traveled". With the dollar at all-time lows against major currencies and the continued rise of crude oil prices, many Americans may be rethinking the summer vacations they have been planning. Here are some companies that may feel the impact...
What's the trade as a decline in construction spending threatens our already fragile economy?
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.)
In Monday’s Sector Trade - the rental car trade. Morgan Stanley is taking down the entire space with downgrades right at the top of the summer driving season. Should you be buying or selling?
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.