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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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March 30, 2015
10:00 EDTHTZOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: BHP Billiton (BHP) upgraded to Outperformer from Sector Performer at CIBC...Analog Devices (ADI) upgraded to Overweight from Equal Weight at Barclays... Continental Resources (CLR) upgraded to Buy from Hold at Societe Generale... FirstEnergy (FE) upgraded to Overweight from Equal Weight at Barclays... Madison Square Garden (MSG) upgraded to Buy from Hold at Topeka... Madison Square Garden upgraded to Overweight at Morgan Stanley... Nike (NKE) upgraded to Outperform from Neutral at RW Baird.... Restoration Hardware (RH) upgraded to Buy from Neutral at Goldman... Wolverine World Wide (WWW) upgraded to Outperform from Neutral at RW Baird... Transocean (RIG) upgraded to Neutral from Reduce at Global Hunter... Oracle (ORCL) upgraded to Outperform from Sector Perform at RBC Capital... Hertz (HTZ) upgraded to Equal Weight from Underweight at Morgan Stanley... Kraft Foods (KRFT) upgraded to Buy from Hold at Canaccord... GoPro (GPRO) upgraded to Buy from Neutral at Dougherty... Tetra Technologies (TTI) upgraded to Outperform from Sector Perform at Scotia Howard Weil.
08:04 EDTHTZHertz upgraded to Equal Weight from Underweight at Morgan Stanley
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March 24, 2015
16:47 EDTHTZHertz receives NYSE notice of non-compliance
Hertz Global Holdings announced that on March 18, it received a notice from the New York Stock Exchange notifying the company of its failure to meet a NYSE listing standard resulting from the company's failure to timely file its Annual Report on Form 10-K for the fiscal year ended December 31, 2014. As previously disclosed, the company was unable to timely file its 2014 Form 10-K with the SEC because of the ongoing nature of the company's previously announced thorough review and investigation of its internal financial records for fiscal years 2011, 2012 and 2013. As a result of the ongoing nature of this review and its potential impact on the company's 2014 financial results, the company was unable to file the 2014 Form 10-K by the extended due date of March 17, 2015. The financial review and investigation by the company is ongoing. Hertz continues to expect that it will not be able to file updated financial statements, including the 2014 Form 10-K, before mid-2015, and there can be no assurance that the process will be completed by that time.
March 17, 2015
16:00 EDTHTZOptions Update; March 17, 2015
iPath S&P 500 VIX Short-Term Futures down 11c to 27.30. Option volume leaders: AAPL RIG MGM HTZ TWTR TSLA CY KO NFLX C according to Track Data.

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