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BUSINESS
May 4, 2010 | Bloomberg News
Avis Budget Group Inc. on Monday proposed making a "substantially higher" offer to compete against Hertz Global Holdings Inc.'s bid to buy rental-car company Dollar Thrifty Automotive Group Inc. Dollar rose 15% to $50.70, exceeding the $41 at which Hertz valued its offer for Dollar on April 26. Avis Chief Executive Ronald Nelson wrote Monday of his interest to Scott L. Thompson, CEO of Tulsa, Okla.-based Dollar. The Avis letter may pressure Hertz to increase its offer after at least two Dollar shareholders said last week that the initial bid was too low. The Hertz offer was 5.5% more than Dollar's April 23 close and reflects a strengthening economy that's spurring travel and corporate mergers.
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TRAVEL
November 22, 2009 | By Catharine Hamm
The rental car company chanting, "We're No. 1! We're No. 1!" isn't Hertz. It's Enterprise. For the sixth year in a row, the company that distinguishes itself with its friendly "we'll pick you up" service was the top dog in J.D. Power & Associates' report on rental car company satisfaction. Indeed, Hertz wasn't even No. 2. That honor went to National, whose rating increased by 15 points, followed by Hertz. The survey, conducted with an online panel and including 12,718 responses, rated rental car experiences at airport facilities on a 1,000-point scale from October 2008 to October of this year.
NEWS
November 22, 2009 | By Catharine Hamm, Los Angeles Times Staff Writer
The rental car company chanting, "We're No. 1! We're No. 1!" isn't Hertz. It's Enterprise. For the sixth year in a row, the company that distinguishes itself with its friendly "we'll pick you up" service was the top dog in J.D. Power & Associates' report on rental car company satisfaction. Indeed, Hertz wasn't even No. 2. That honor went to National, whose rating increased by 15 points, followed by Hertz. The survey, conducted with an online panel and including 12,718 responses, rated rental car experiences at airport facilities on a 1,000-point scale from October 2008 to October of this year.
ENTERTAINMENT
October 21, 2009 | James Rainey
The great thing about the wide-open space of the Web is that it's accepted practice -- encouraged really -- for anyone to walk in many worlds and take on many guises. Rock stars can blog about politics. Politicians can thrill us with lists of their favorite rock songs. And the Huffington Post can create a new book section that both doubts and embraces the value of book reviews. In recent days, founder Arianna Huffington trumpeted a partnership with the New York Review of Books, that redoubt of serious criticism, just about the time the website's new book editor seemed to disdain reviews, which she said "tend to be conversation enders."
BUSINESS
February 15, 2009 | Times Wire Reports
Hertz Global Holdings Inc. is raising prices on North American airport rentals by $5 a day and $30 a week. The increase was prompted by the rising costs of vehicle maintenance and repair as well as the slow used-car market, which reduced the value of fleet vehicles it sells to the public, the Park Ridge, N.J.-based company said.
CALIFORNIA | LOCAL
February 2, 2009 | Associated Press
Robert L. Stone, a former top executive at the Hertz Corp. who in the 1970s hired O.J. Simpson as a pitchman for the car rental giant, has died. He was 87. Stone died Wednesday of heart failure at his home in Boca Grande, his wife, Sheila Muldowny Stone, said Saturday. Stone became the chairman and chief executive of Hertz in 1972, when the company was a subsidiary of RCA Corp. It is now known as Hertz Global Holdings Inc.
BUSINESS
January 17, 2009 | Andrea Chang and Martin Zimmerman
Bankrupt Circuit City Stores Inc. said Friday it was closing its 567 U.S. electronics stores and leaving its 34,000 employees jobless as the nation's employment picture grew bleaker. It was the worst day this year for news of layoffs, bank losses and store closings, and employers signaled more bad news ahead. Car rental firm Hertz Global Holdings Inc., oil producer ConocoPhillips, chip maker Advanced Micro Devices Inc. and health insurer WellPoint Inc.
BUSINESS
July 1, 2008 | From Times Wire Services
Hertz Global Holdings Inc., the second-largest U.S. rental-car company, said it would introduce a self-service express check-in program guaranteed to get customers into their cars within 10 minutes. Customers will receive a $50 credit toward a Hertz rental if they aren't in their cars within 10 minutes at the 50 largest U.S. airport locations, the Park Ridge, N.J.-based company said. The service begins today.
BUSINESS
December 30, 2007 | From Times Wire Services
If you're renting a car from Hertz, you can also rent a media player packed with programming from Nickelodeon to entertain the kids. The cost is $17 a day, and if you rent for five days, you get days 6 and 7 free. Hertz began offering the media player, called "Nick on the Go," this month at 21 airports nationwide. Hertz plans to add 25 more locations in 2008.
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