One possible scenario for Avis, which is far smaller than Hertz and also smaller than the company it is seeking [Dollar Thrifty] is for it to counter with the upcoming bid. While Avis is poised to give it a shot, it’s still a long one that it will come out of this winning the war.
Stocks pared their gains on Tuesday as worries about a drop in consumer confidence offset some earlier better-than-expected earnings results. Ted Parrish, co-portfolio manager at Henssler Equity Fund, and Eugene Peroni, senior VP and portfolio manager at Advisors Asset Management, shared their insights.
On the heels of US Airways Group's upbeat 2nd-quarter earnings, its first profits in three years, Doug Parker, the airline's chairman and CEO, told CNBC that the industry has used “self-help” to turn a profit and make headway with problems.
Two years after gasoline prices hit a record high of more than $4 a gallon, light trucks, SUVs and crossovers are popular again. "The further we get past the gas crisis, the less people remember it,” says one industry analyst.
Flying Pasties is a new product which promises to let you "keep your dignity" at the airport. A $20 set of stickers will cover your privates from prying eyes as you walk through full body scanners.
Arch rivals Boeing and Airbus announced new orders worth almost $18 billion at the start of the Farnborough International Airshow on Monday, raising hopes that the aviation industry is on the way back up after a dire two-year slump.
After two dreadful years, including a $4 billion loss in 2009, 2010 will should solid profits, starting with second-quarter earnings due out next week.
Two barometers of the US economy are moving in different directions, sending mixed messages about the depth, breadth and speed of the recovery.
Northrop Grumman says it will close down a Louisiana shipyard and may shed its entire division that makes warships for the Navy.
The Lone Star State edged out last year's winner, Virginia, for the top spot, managing a score of 1508, out of a possible 2439.
The state drops down one spot after making the top of the list a year ago.
The Mountain State moves up from its 2009 rankings in six of the ten categories, including workforce and quality of life.
The economy will continue to gradually recover, and doesn't appear headed for a slowdown, Michael Ward, chairman of CSX, told CNBC Tuesday.
The Tar Heel State is one of the most improved, seeing its ranking jump from No. 9 in 2009 to No. 4 this year .
The Bay State moves into the top five for the first time, piling up 1375 points.
The fierce competition for the $35 billion Air Force tanker is about providing the best airplane, not about politics, EADS's North American Chairman Ralph Crosby told CNBC Friday.
Here's what analysts and others say they're watching before the bell Friday.
Take note of the bullish numbers this rail company is touting.
Businesses have invested more money in machinery, computers, steel and other metals in three of the past four months.
The nation's rail industry is slimming down to gain new customers. Lighter construction materials and improved engines and wheel components have yielded big gains in fuel efficiency and freight capacity.