Hertz (NYSE: HTZ) made a wildly high offer for Dollar-Thrifty (NYSE: DTG). The value of the possible buyout is $2.24 billion. That equals$72 a share, although the real value of the offer…
The world of car driving would change a great deal if vehicle manufacturers began to compete against rental companies, which are the auto companies’ largest customers. BMW will begin to rent cars…
Reuters: China said legislation aimed at a devaluation of the yuan violated WTO regulations. Reuters: IPOs do poorly in the People’s Republic now but can raise money from overseas investors. Reuters: The…
The president of PAR, which owns 7.7% of the shares in Dollar Thrifty (NYSE: DTR), told The Wall Street Journal that his fund will vote against a Hertz offer to buy the…
Reuters: Petrobras raised $70 billion in the largest stock offer in history. Reuters: There will likely be no tax cut before the election, according to Democrats Reuters: Obama asked the Chinese premier…
This is the Twitter-24/7 Wall St. market report for September 13, 2010. These tweets are a sign of which companies the Twitter universe is interested in. Is there there is wisdom in…
Money is cheap and deals are getting expensive. Hewlett-Packard (NYSE: HPQ) has overpaid for 3PAR (PAR) and ArcSight, at least based on their balance sheets and cash flow. HP could say that…
MarketWatch: Toyota Motor (NYSE: TM) upped its full-year forecast Reuters: BP plc (NYSE: BP) began the “static kill” of its well in the Gulf. Reuters: Japan is worried because the yen is…
Reuters: The Fed Beige Book says some regions see economic slowing. Reuters: The China People’s Daily ran an editorial which encourages the US to take account of China’s rising power. Reuters: Amazon.com…
Dollar Thrifty Automotive Group Inc. (NYSE: DTG) is about to get a new bid, or so it seems. Avis Budget Group Inc. (NYSE: CAR) is expected to jump in and make a…
MarketWatch: Moody’s downgraded Portugal two notches to A1 Reuters: BP plc (NYSE: BP) will test a new oil cap in place. Reuters: The Wall St. reform bill is nearing a final vote…
24/7 Wall St. has created a new list of brands that will disappear, which includes Readers Digest, Kia Motors, Dollar Thrifty (NYSE: DTG), Zale (NYSE: ZLC), Blockbuster (NYSE: BBI), T-Mobile, BP plc…
Reuters: The US will suspend Arctic drilling. Reuters: Lehman sued JPMorgan Chase (NYSE: JPM) for billions of dollars. Reuters: The Fed’s Bullard said that promises of low rates for long periods have…
There were strong gains in three Tickerspy indexes over the most recent 30-day period. This month’s biggest gainers are in recreational vehicles, homebuilders, and vehicle rental stocks. Homebuilder stocks are up 19.3% in the past month. The best…
Reuters: The Senate will begin to vote on the financial reform bill. Reuters: Regulators are considering an antitrust case against Apple (NASDAQ: AAPL) Reuters: Tensions between Germany and France over the Greek…
