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Barron's Recap: Time To Buy Commodities
Sunday, August 9, 2015 - 5:39pm | 795This weekend in Barron's online: the case for jumping into commodities now, the inaugural Income Investing Roundtable, as well as the prospects for Caterpillar, Becton Dickinson, Hertz, PICO and more. Cover Story "Time to Buy Commodities" by Andrew Bary. The harsh sell-off in oil, gold and other...
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Markets End Week On Positive Note As Investors Are Encouraged By Central Bank Developments In Europe, China
Friday, November 21, 2014 - 5:33pm | 945U.S. stocks ended the week higher as investors were encouraged by announcements in Europe and China. The European Central Bank outlined plans to expand its asset purchase programs by "altering the size, pace and composition of our purchases" if inflation shows signs that it could stay...
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Another Quiet Day As Major Indices Little Changed To Close The Week
Friday, November 14, 2014 - 6:07pm | 770U.S. stocks were little changed yet again in Friday's action with no catalysts appearing to push stocks in any one direction. Retail sales rose more than expected in October, according to economic data released. A separate economic report showed import prices declining in September due to a...
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Dow, S&P 500 Close Yet Again At Record Highs Ahead Of Friday's Employment Report
Thursday, November 6, 2014 - 6:00pm | 711U.S. stocks rose as the Dow and S&P 500 closed yet again at new record highs. Helping the bull charge includes positive economic reports including the number of Americans filling for jobless benefits falling from a week ago. Also, reassurances from the European Central Bank were conveyed...
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IBM's Report Weighs On The Dow, Apple Helps Boost The Nasdaq, S&P 500 Extends Winning Streak
Monday, October 20, 2014 - 4:57pm | 2950U.S. stocks started the week on a positive note as all three major indices ended the day in positive territory. Dow component IBM reported a disappointing third quarter along with a cautious outlook weighing down the entire Dow index. The Nasdaq benefited from high expectations over Apple's...
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Jana Partners Discloses Stake In Hertz Global Holdings
Monday, October 20, 2014 - 9:27am | 142Activist investor Jana Partners disclosed a 7 percent stake in Hertz Global Holdings, Inc. (NYSE: HTZ) in a 13D filing on Monday morning. According to the regulatory filing, Jana Partners owns just over 32 million shares at an aggregate purchase price of approximately $579 million. Jana Partners...
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Markets Mostly Higher Despite Initial Negative Reaction From FOMC Minutes
Wednesday, August 20, 2014 - 5:31pm | 2792U.S. stocks were mostly higher as the S&P 500 and Dow continue trading near historical all-time highs. The S&P 500 briefly dipped into negative territory immediately following the Federal Reserves's minutes while the Dow trading lower but stayed in positive territory. The NASDAQ...
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Cramer's Watchlist: Target And Lowe's Rebound As Hertz Remains In The Red
Wednesday, August 20, 2014 - 12:28pm | 537Mixed earnings results led to some volatile movement Wednesday morning. Jim Cramer noted a handful of stocks in pre-market session. Below is a look at how stocks in Cramer's "watchlist" were performing heading into Wednesday's afternoon trading session. $TGT, $HTZ, $AGN--...
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Hertz Confirms Monday's Market Chatter, Announces Spin-Off Plans
Tuesday, March 18, 2014 - 2:25pm | 296Various media reports on Monday speculated that Hertz Global (NYSE: HTZ) will spin-off its construction rental business. Hertz on Tuesday put an end to speculation and confirmed its intentions to spin-off its equipment rental business for $2.5 billion. "The actions announced today will create...
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Market Wrap For January 15: Bulls Take Over As Economic Growth Remains Healthy
Wednesday, January 15, 2014 - 5:45pm | 2827The market picked up where it left off Tuesday and recorded a second straight day of strong gains. The Dow posted a triple digit point gain while the S&P 500 and Nasdaq all gained as the Federal Reserve's Beige Book indicated that economic growth remained healthy in most U.S. regions. The...
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Carl Icahn Assumes Ownership Stake in Hertz Global
Friday, January 3, 2014 - 4:25pm | 278Activist investor Carl Icahn has picked a new battle for 2014. On Friday, CNBC broke the news that Icahn is the investor that has amassed a stake of 30 million to 40 million shares in Hertz Global (NYSE: HTZ). On December 31, various media reports indicated that Dan Loeb's Third Point was behind...
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Whitney Tilson: Car Rental Prices Will Continue to Rise
Wednesday, May 15, 2013 - 2:40pm | 989Expect big changes from Hertz (NYSE: HTZ), Avis (NASDAQ: CAR), Enterprise and the entire industry over the next 10 years. Whitney Tilson, the founder and Managing Partner of Kase Capital, believes that the U.S. car rental segment will begin to resemble the railroad industry's transformation over...
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Dollar Thrifty Earnings Preview: Q1 EPS Expected to Double
Tuesday, May 8, 2012 - 7:02am | 899Dollar Thrifty Automotive Group (NYSE: DTG), the auto rental provider that is still being pursued by Hertz (NYSE: HTZ), is scheduled to report its first-quarter 2012 results tomorrow, May 9, after the closing bell. In the previous report, the CEO said, "During 2011, we benefited from a robust...
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Earnings Preview: Avis Budget on a Roll
Tuesday, November 1, 2011 - 6:58am | 645Avis Budget Group (NASDAQ: CAR) is scheduled to report third-quarter 2011 results Wednesday, November 2, after the closing bell. Investors will be looking for a repeat of the second-quarter results, when the car and truck rental specialist said revenues rose for the fourth consecutive quarter and...
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JP Morgan Comments on Hertz Rebranding
Wednesday, July 13, 2011 - 8:46am | 116Hertz (NYSE: HTZ) announced that it is rebranding its “car-sharing service to ‘Hertz On Demand,'” J.P. Morgan reports. “Although the initiative is indicative of HTZ's interest in growing its car-sharing program, we do not expect a material impact to Zipcar (NYSE: ZIP) in the near term,” J.P....