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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.
Take a look at some of Friday's midday movers:
Take a look at some of Thursday's midday movers:
As the busy summer car-rental season begins, prices are forecast to spike, The New York Times reports. Here are some tips for keeping costs down.
The online-travel site's stock has shot up 57% this year but in order to keep investors coming back, the company has to hit the ground running in its new battlefield — mobile bookings. The CEO will outline his plan on CNBC's "Squawk on the Street" on Thursday.
The head of Zipcar told CNBC Wednesday an expanded partnership with Honda will give its members new hybrid and electric models to drive and maybe even put a dent in the auto industry.
The economic axiom “a rising tide lifts all the boats” is particularly true for the rental and leasing industry these days.
After a horrible September, the markets delivered a glorious October, only to have the goblins ruin November, which turned out to be a big turkey. So will we see a Santa Claus Rally at the end of the year? And if so, what stocks should we be buying here?