The "Fast Money" traders share their final trades of the day.» Read More
Hertz, which replaced its chief financial officer in December, was scheduled to report results on May 7, but delayed the announcement saying more work was required. Third Point had a stake of about 1.3 percent in Hertz as of March 31, while Glenview had about 3 percent.
*Hertz Global falls, to restate financial results. NEW YORK, June 6- U.S. stocks rose on Friday, with major indexes extending a rally that has taken them to repeated records, after the May payrolls report provided the latest confirmation that economic conditions were improving.
Hertz had been scheduled to report results on May 7 but delayed the announcement, saying more work was required. Hertz's accountant is PricewaterhouseCoopers LLP. Hertz shares were down 10.6 percent at $27.25 in early trading on the New York Stock Exchange.
*May payroll report shows pace of hiring remains solid. *BofA could pay more than $12 bln to settle probes: WSJ.
Hertz shares fell nearly 10 percent in premarket trading. The company's audit committee had concluded that financial statements for 2011 should no longer be relied upon, Hertz said in a regulatory filing on Friday.. Hertz shares had closed at $30.49 on the New York Stock Exchange on Friday.
June 6- Car rental company Hertz Global Holdings Inc said it would restate financial results for the past three years to correct accounting errors from 2011.. Hertz said its audit committee had concluded that financial statements for 2011 should no longer be relied upon.
Talking Squawk, the official "Squawk Box" blog, provides tidbits, insights, and some sarcastic reflections on the WEEK THAT WAS and the WEEK TO COME.
While its neighbors and the rest of the nation have slowly but steadily recovered from the Great Recession, New Jersey has flatlined.
General Motors has recalled more than 13 million cars so far this year, which means fewer cars available on the rental lots for travelers.
Year to date shares of Avis have rallied about 35%, yet Jim Cramer thinks the stock remains relatively cheap.
The "Fast Money" traders share their final trades of the day.
May 7- Car rental company Avis Budget Group raised its full-year revenue and profit forecast, citing higher car rental volumes and rates in North America, and reported a higher-than-expected quarterly profit.
Testimony from Federal Reserve Chair Janet Yellen and Ukraine are what traders say could most affect markets in the week ahead.
It's time for the Lightning Round. Cramer makes the call on viewer favorites.
In the event that GM runs out of vehicles to loan owners of its recalled vehicles, the automaker has lined up rental firms, according to a report.
*Putin tells parliament he does not want more of Ukraine. *Microsoft shares rally, near $40 for first time since 2000. NEW YORK, March 18- U.S. stocks climbed for a second straight session on Tuesday, with the S&P 500 within striking distance of its record after comments from Russian President Vladimir Putin soothed anxiety that tensions over Ukraine could escalate.
Hertz, the No. 2 U.S. car rental company behind privately owned Enterprise Rent-A-Car, has been under pressure from investors to shed the business and focus on car rentals. Hertz's remaining businesses would include the Hertz, Dollar, Thrifty and Firefly car rental brands and the Donlen fleet leasing and management business.
*Microsoft shares rally, near $40 for first time since 2000. NEW YORK, March 18- U.S. stocks climbed for a second straight session on Tuesday, with the S&P within 1 percent of its intraday record after comments from Russian President Vladimir Putin relaxed investors' concerns that tensions over Ukraine could escalate.
*Putin tells parliament he does not want more of Ukraine. *Microsoft shares rally, near $40 for first time since 2000. NEW YORK, March 18- U.S. stocks rose for a second straight day on Tuesday, with the S&P moving within 1 percent of record levels after comments from Russian President Vladimir Putin eased concerns that tensions over Ukraine might escalate.
Here's how to stop high-frequency trading: Institute a "cancellation tax" or eliminate payment for order flow.