- Tools for Investors
- Stock News
- Investing Ideas
- Econ & Policy
- Personal Finance
Hertz (NYSE:HTZ) is to acquire Dollar Thrifty (NYSE:DTG) paying $87.50 per share in a deal worth $2.3 billion. That’s a premium of 8 percent on Dollar Thrifty’s Friday close price. According to Chairman and CEO Mark P. Frissora, Hertz gets access to two well-known rental car brands — Dollar and Thrifty — and becomes a more competitive player in international markets.
Unfazed by a cooling Chinese market, Ford (NYSE:F) starts work on a plant located in Chongqing in southwest China that will manufacture the 2-liter EcoBoost turbocharged engine. Car makers see a huge growth opportunity in the country’s middle and west.
Fox Broadcasting (NWS, NWSA) has approached a federal court in Los Angeles seeking a preliminary court ban against Dish Network’s (NASDAQ:DISH) feature that allows viewers to skip commercials, as the service would cause a loss in revenue to TV networks.
Don’t Miss: Why is Sirius XM Getting SUED?
Don't miss one of the biggest bull markets in history! Covers Gold, Silver, Gold & Silver stocks, and miners.
There's always a bull market in some sector! Find the best opportunities in commodities.