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Stock Market & Financial Investment News

News Breaks
December 9, 2013
07:55 EDTCAR, HTZAdvantage for sale at bankruptcy auction following FTC's Hertz action, WSJ says
As Hertz Global Holdings acquired rival Dollar Thrifty last year, the FTC wanted to combat rising prices by forcing Hertz to sell off its Advantage Rent a Car brand, making it a new, independent competitor. But Advantage filed for bankruptcy protection months after a final government settlement allowing the merger. Now, Advantage continues to operate, but it is scheduled to go up for sale at a bankruptcy auction in Mississippi on today, clouding the company's prospects as a strong competitive force in a $24B industry dominated by Hertz, Enterprise Holdings and Avis Budget Group (CAR), reports the Wall Street Journal.Reference Link
News For HTZ;CAR From The Last 14 Days
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April 23, 2014
15:01 EDTCARAvis Budget renews exclusive partnership with British Airways
Avis Budget Group and British Airways have entered into a multi-year exclusive global partnership agreement to provide British Airways customers with access to Avis Car Rental vehicles, along with other travel benefits. The new agreement represents a renewal of the 15-year-old cross-marketing relationship between Avis Budget Group and British Airways, the largest international air carrier in the United Kingdom.
April 17, 2014
10:31 EDTCARAvis Budget increases stock repurchase program
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06:57 EDTHTZHertz has positive read through from United Rentals results, says Wells Fargo
After United Rentals (URI) reported stronger than expected Q1 results, Wells Fargo thinks the company's results have positive implications for Hertz's (HTZ) equipment rental unit. The firm reiterates an Outperform rating on Hertz.
April 16, 2014
10:00 EDTHTZOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: A10 Networks (ATEN) initiated with a Buy at BofA/Merrill... Actavis (ACT) initiated with a Buy at Sterne Agee... Allergan (AGN) initiated with a Buy at Sterne Agee... Autohome (ATHM) initiated with a Neutral at Credit Suisse... BitAuto (BITA) initiated with an Outperform at Credit Suisse... Centene (CNC) initiated with a Neutral at UBS... Endo International (ENDP) initiated with a Buy at Sterne Agee... FS Investment (FSIC) initiated with an Overweight at Evercore... Hertz (HTZ) initiated with a Buy at Gabelli... Hilton (HLT) initiated with a Hold at Jefferies... Hospira (HSP) initiated with a Neutral at Sterne Agee... ImmunoGen (IMGN) initiated with a Buy at Canaccord... Impax (IPXL) initiated with a Neutral at Sterne Agee... Imperva (IMPV) assumed with a Neutral at Wedbush... Ingredion (INGR) initiated with an Outperform at Credit Suisse... Laredo Petroleum (LPI) initiated with an Outperform at RW Baird... Lpath (LPTN) initiated with a Buy at Canaccord... MediWound (MDWD) initiated with an Outperform at Oppenheimer... Medivation (MDVN) initiated with a Hold at Canaccord... NPS Pharmaceuticals (NPSP) assumed with a Buy at Canaccord... Nimble Storage (NMBL) initiated with a Market Perform at Raymond James... Regeneron (REGN) initiated with a Buy at Canaccord... Salix (SLXP) initiated with a Buy at Sterne Agee... Sibanye Gold (SBGL) initiated with an Outperform at Imperial Capital... Teva (TEVA) initiated with a Neutral at Sterne Agee... Wipro (WIT) assumed with a Hold at Jefferies.
08:52 EDTHTZHertz initiated with a Buy at Gabelli
April 11, 2014
08:02 EDTHTZHertz awarded three year contract by New Zealand government
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