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Stock Market & Financial Investment News

News Breaks
November 11, 2012
19:12 EDTDTG, HTZHertz to exit some U.S airport locations as a concession, WSJ says
In an effort to win regulatory approval for its proposed acquisition of rival Dollar Thrifty Automotive Group (DTG), Hertz Global Holdings (HTZ) has tentatively agreed exit some locations at U.S. airports, says the Wall Street Journal. Reference Link
News For HTZ;DTG From The Last 14 Days
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May 21, 2015
08:16 EDTHTZHertz appoints Lawrence Silber to President and CEO of HERC
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May 20, 2015
16:32 EDTHTZHertz appoints Eliana Zem as Chief Human Resources Officer
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May 15, 2015
13:37 EDTHTZAvis spikes after Hertz discloses raising prices ahead of summer travel season
Shares of Avis Budget Group (CAR) and Hertz Global Holdings (HTZ) are rallying after Hertz said it is raising prices in anticipation of a busy summer travel season. WHAT'S NEW: In a press release from last night, Hertz said it is committed to maintaining supply consistent with correlated demand drivers, such as gross domestic product and airline passenger volume. The company said it will moderate its calendar 2015 U.S. fleet plan to reflect a capacity increase of 1.5%-2.5% over 2014 levels. The company has also identified 200 of its U.S. off-airport locations that it will close by the end of the second quarter. WHAT'S NOTABLE: Hertz noted that based on its revised fleet capacity plan and expected strong seasonal demands it is implementing broad-based price increases for its Hertz, Dollar and Thrifty brands at U.S. rental locations for pick ups starting on June 14, and for all dates forward. U.S. airport retail car rentals increased $5 per day and $20 per week. Off-airport retail car rentals increased $3 per day and $10 per week. The company added that weekend rates also reflect price increases of $5 per day for airport rentals and $3 per day for off-airport rentals. PRICE ACTION: In afternoon trading, shares of Hertz are up 4.5% while shares of its rival Avis Budget are up over 8.5%.
10:55 EDTHTZJANA Partners gives quarterly update on stakes
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