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Stock Market & Financial Investment News

News Breaks
August 20, 2014
19:13 EDTHTZHertz remains focused on executing its operating initiatives
Hertz Global Holdings Inc. issued the following statement. "The Hertz board and leadership team value the views of all Hertz shareholders and welcome a constructive dialogue with them. All of us at Hertz are focused on addressing the company's recent challenges. While it will take time to complete the accounting review, we are making progress. We are in the process of implementing new procedures and controls, and we have made a number of important additions to the accounting and finance teams over the past few months. We remain focused on the business and executing our operating initiatives. We have a good handle on the nature and scope of the issues in the business and are executing plans to resolve them. Hertz also benefits from a solid foundation and clearly defined strategic priorities, including the planned separation of the company's equipment rental business into a separate, publicly traded company, which is advancing; the integration of Dollar Thrifty; expanding Hertz's off-airport footprint; and building on the company's success with Donlen leasing. As we address our challenges, we are confident that execution on these priorities, as well as the company's $1B share repurchase program, will drive enhanced performance and shareholder value. We look forward to continuing our dialogue with all Hertz shareholders as we execute on these plans."
News For HTZ 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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