S&P Raises Outlook on Hertz to Positive
The ratings agency cited reduced concerns regarding the company's refinancing risk.
The ratings agency cited reduced concerns regarding the company's refinancing risk.
Despite a 12.3-percent drop in revenue, Dollar Thrifty Automotive Group posted a 59 percent rise in third-quarter net income.
Hertz has increased adjusted diluted earnings per share guidance more than 40 percent to $0.21-$0.23 for the full year 2009.
Operators say tax would hurt their already-struggling businesses.
The VerX Direct service, available for Canadian operators, has been tested in the highest theft locations and Canada and has received endorsements from ACCRO, the car rental association in Canada.
Surveyed used car shoppers say they'd be willing to pay an average of $1,240 more for a certified off-lease vehicle and expect a discount of $1,572 for daily rental models.
Rated "Aaa" by Moody's, the three-year notes carry a 4.26 percent coupon (4.30 percent yield) and the five-year notes carry a 5.29 percent coupon (5.35 percent yield) with expected final maturities in 2013 and 2015, respectively.
TSD's latest release, TSD RENTAL.NET 2.20 features customer-requested enhancements, such as a Multitasking feature, a Daily Activity Report and a Customer History Report.
The company is set to completely revamp its corporate identity, with the color yellow playing a big role.
Alleged damages after accident include physical pain, mental anguish, and disfigurement.
The debt to pay for constructing a stadium and convention center might actually be paid off early.
Enterprise Holdings Inc. announced the final results for the previously announced tender offer by its indirect, wholly owned subsidiary, ARG Funding Corp., to purchase for cash any and all of its rental car asset backed notes specified in the offer to purchase, dated Sept. 18, 2009, as amended and supplemented, and the related letter of transmittal.
Company says an approximate 12 percent improvement in pricing on a year-over-year basis did not fully mitigate an approximate 21 percent decline in transaction days.
With the new partnership, Hertz will serve as a Supporting Partner of Golf Retirement Plus and provide discounted rental car rates to PGA professionals, apprentices and staff.
As a result of this new venture, Metavera Solutions will have global distribution rights to Convadis hardware with exclusivity in North America and Latin America -- marketing, selling, and supporting the combined solutions.
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