Hertz Global Holdings Inc. (NYSE: HTZ) is joining the ranks of large companies with private equity backers selling out. A huge offering took place after the sale of a whopping ... Read Full Story »
U.S. equity markets opened mixed this morning as investors weighed conflicting data from the U.S., Europe, and Asia. In Europe, retail sales declined more than expected in Germany, Italy’s unemployment ... Read Full Story »
U.S. equity markets opened higher this morning after the U.S. Department of Commerce reported that personal income and spending both rose by 0.2%, which was slightly higher than expected for ... Read Full Story »
These are some of this Thursday's top analyst upgrades, downgrades and initiations seen from Wall St. research calls. American Water Works Co. Inc. (NYSE: AWK) cut to Neutral at Citigroup. ... Read Full Story »
U.S. equity markets opened higher this morning as they awaited results from the Italian elections. Early exit polls had the center-left party of Pier Luigi Bersani in the lead, but ... Read Full Story »
U.S. equity markets opened higher this morning following a two-day run of losses. No significant data was scheduled to be released in the U.S. today, so investors were guided by ... Read Full Story »
As a Justice Department investigation of Deepwater Horizon continues, BP PLC (NYSE: BP) may pay a record fine for the results of the disaster. (Reuters) Qatar says it would back ... Read Full Story »
Groupon Inc. (NASDAQ: GRPN) is in increasing trouble as its business falls. (Reuters) Wal-Mart Stores Inc. (NYSE: WMT) employees will pay more for their medical coverage, and some will chose ... Read Full Story »
U.S. equity markets opened higher following a spate of moderately good news on U.S. employment. The ADP report showed job gains (more coverage here), and the report on new claims ... Read Full Story »
U.S. equity markets re-opened for business in New York this morning after a two-day shutdown forced by Hurricane Sandy. Markets opened higher, but lost their energy by mid-morning. Asian markets ... Read Full Story »
The long-awaited conclusion to the acquisition of Dollar Thrifty Automotive Group Inc. (NYSE: DTG) by Hertz Global Holdings Inc. (NYSE: HTZ) is going to take a little longer. Hertz announced ... Read Full Story »
Stocks are mixed Monday, with the Dow Jones Industrial Average down 0.23%, the Nasdaq up 0.15% and the S&P 500 down 0.05%. Today's market winners include two buyouts and a ... Read Full Story »
Plenty of action on the merger and acquisition front today, with founder Richard Schulze getting an okay from the board of Best Buy Co. Inc. (NYSE: BBY) to conduct his ... Read Full Story »
Hurricane Isaac causes several companies, including BP PLC (NYSE: BP), to shut down drilling in the Gulf of Mexico. (Reuters) Hertz Global Holdings Inc. (NYSE: HTZ) will buy Dollar Thrifty ... Read Full Story »
It seems like decades since Hertz (NYSE: HTZ) began to jockey with its primary rival--Avis Budget Group (NYSE: CAR)--for the right to own Dollar Thrifty Automotive Group (NYSE: DTG) which is ... Read Full Story »