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Consolidation is the Name of the Game 09-23-2010
Thursday, September 23, 2010 - 3:21pm | 905Cusick's Corner Consolidation is the name of the game at this juncture. The market into the Midday continues to stay in a range after an explosive open off the overnight lows. This is a product of uncertainty and decoupling of some sectors, like the Dollar and Gold. The market is now stalling at...
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Hertz Global Holdings Announces Proposed $400 Million Private Offering
Monday, September 20, 2010 - 10:39am | 133Hertz Global Holdings (NYSE: HTZ) announced today that its wholly owned subsidiary, The Hertz Corporation, intends to offer $400 million aggregate principal amount of 7.50% senior notes due 2018 in a private offering exempt from the registration requirements of the Securities Act of 1933, as...
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Hertz Global Holdings Announces Proposed $300 Million Private Offering
Thursday, September 16, 2010 - 8:36am | 147Hertz Global Holdings (NYSE: HTZ) announced today that its wholly owned subsidiary, The Hertz Corporation, intends to offer $300 million aggregate principal amount of senior notes due 2018 in a private offering exempt from the registration requirements of the Securities Act of 1933, as amended,...
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Heartland Express, Inc. Declares Regular dividend of $.02 and Special Dividend od $1
Tuesday, September 14, 2010 - 8:59am | 120The Board of Directors of Heartland Express, Inc. (Nasdaq: HTLD) announced today the declaration of a regular quarterly cash dividend. The $0.02 per share dividend will be paid on October 5, 2010 to shareholders of record at the close of business on September 24, 2010. A total of approximately $1.8...
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Zacks Bull and Bear of the Day Highlights: Autoliv, BB&T, Hertz Global Holdings, Dollar Thrifty Automotive Group and Avis Budget Group - Press Releases
Tuesday, September 14, 2010 - 8:18am | 1954For Immediate Release Chicago, IL –September 14, 2010 – Zacks Equity Research highlights: AutoNation (AN) as the Bull of the Day and BJ's Wholesale Club (BJ) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on International Paper (IP), Berkshire Hathaway (BRK.B) and Winn...
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Hertz Ups Bid for Dollar Thrifty - Analyst Blog
Monday, September 13, 2010 - 10:00pm | 686Hertz Global Holdings Inc. (HTZ) has raised its offer price for Dollar Thrifty Automotive Group Inc. (DTG) to $50.00 per share, amounting to $1.56 billion. The offer consists of $43.60 in cash (including about $6.87 a share to be paid by Dollar Thrifty as a special cash dividend) and 0.6366 of a...
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Dollar Thrifty Shares Rise After Hertz Deal
Monday, September 13, 2010 - 3:33pm | 88Dollar Thrifty Automotive Group (NYSE: DTG) has accepted a hefty takeover bid from Hertz Global Holdings (NYSE: HTZ) for $50 per share. The deal is totaled to be worth $1.43 billion. This is higher than the $1.3 billion cash-and-stock offer from Avis Budget Group (NYSE: CAR) DTG is trading about...
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DTG, HTZ Shares Jump On Buyout Deal
Monday, September 13, 2010 - 3:03pm | 163Dollar Thrifty Automotive Group (NYSE: DTG) surged more than 5% after Hertz Global Holdings (NYSE: HTZ) won the bidding war for the holding company for Thrifty Car Rental and Dollar Rent a Car. HTZ had sweetened its buyout offer to $50 per share, or approximately $1.4 billion, beating a rival bid...
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Top Narrow Based Indexes For September 13 (ARST, HTZ)
Monday, September 13, 2010 - 1:59pm | 236By 1:29 pm, the Dow Jones Industrial Average was up 51.84 points, or 0.50%, to 10,514.61, while the broader Standard & Poor's 500 index had gained 9.56 points, or 0.86%. The NASDAQ composite index rose 33.82 points, or 1.51%. Some of the narrow based indexes that are driving the market are IT...
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WERN Upgraded To Outperform
Monday, September 13, 2010 - 11:09am | 32Werner Enterprises, Inc. (NASDAQ: WERN) has been upgraded to Outperform by Wells Fargo with a valuation range currently between $23-27 and closed Friday at $20.87.
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Bulls Bet Arkansas Best Keeps on Truckin' (ABFS)
Monday, September 13, 2010 - 10:32am | 230Shares of Arkansas Best Corporation (NASDAQ: ABFS) are higher on the session by 5.13%, currently trading at $23.36. The stock has been moving largely sideways, in a bottoming pattern, over the past four months, but has been attracting bull attention as of late. Options traders are betting that the...
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Company News for September 13, 2010 - Corporate Summary
Monday, September 13, 2010 - 10:15am | 828• Deutsche Bank (NYSE: DB) announced plans to raise at least $12.5 billion in fresh capital to meet stricter capital requirements and increase its stake in Postbank from 30% currently • Hewlett-Packard (NYSE: HPQ) confirmed its intentions to acquire ArcSight (NASDAQ: ARST) for $1.5 billion • Hertz...
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US Stock Futures Higher After Strong Economic Data By China And New Global Rules For Banks
Monday, September 13, 2010 - 9:04am | 311US stock futures are signaling towards a higher start this week, following China's healthy economic data and new global rules for banks on capital requirements raised demand for risky investments. Futures on the Dow Jones Industrial Average surged 87 points to 10,480 and Nasdaq 100 futures gained...
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Wells Fargo Upgrades WERN To Outperform
Monday, September 13, 2010 - 7:31am | 43Analysts at Wells Fargo upgrade Werner Enterprises Inc (NASDAQ: WERN) from "market perform" to "outperform." WERN's shares gained 0.33% to close at $20.87 on Friday. More Analyst Ratings here
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YRCW Requests Full Pension Cessation Amount From Teamsters
Friday, September 10, 2010 - 11:53am | 137In a recent report from J.P. Morgan, the Teamsters Democratic Union reportedly posted a message on its website indicating that YRC Worldwide (NASDAQ: YRCW) will request renewal of the full pension cessation amount. The amount would be about $350 million on an annual basis. The TDU did not...