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Hertz

NEWS
February 22, 2004 | Matt Slagle, Associated Press Writer
With her sparkling blue eyes, wispy eyelashes and demure smile, Hertz is the center of attention wherever she goes. If you're lucky enough to meet her, try to ignore the tangle of wires behind her face. If you speak with her, talk slowly and loudly. And no matter what you say, don't be offended if she looks at you blankly and repeatedly asks, "What did you say?"
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CALIFORNIA | LOCAL
June 23, 2003 | From Staff and Wire Reports
Zofia Hertz, 92, co-founder of Kultura, a leading Polish emigre literary magazine, died Saturday, Poland's PAP news agency reported. The agency did not report the cause or place of Hertz's death. Hertz was a close aide to Jerzy Giedroyc, the chief editor of Kultura, from its foundation in 1947 until his death in September 2000. She then took over as chief editor of the magazine, based in the Paris suburb of Maisons-Laffite.
CALIFORNIA | LOCAL
November 3, 2002 | From Times Staff and Wire Reports
Roy Hertz, 93, who discovered an early drug cure for a cancerous tumor and whose work laid the groundwork for the development of the birth control pill, died Monday at his home in Hollywood, Md. Hertz was chief of endocrine cancer research at the National Cancer Institute in 1956 when he and a colleague, Dr. Min Chiu Li, reported a cure for choriocarcinoma, a rare cancer of the placenta that often occurs early in pregnancy and can be fatal within six months.
BUSINESS
April 4, 2002 | Bloomberg News
Hertz Corp., the biggest U.S. car-rental company, said it eliminated base commissions paid to North American travel agents on certain transactions, following similar moves by several major airlines. Hertz said the change, effective immediately, was made because of continued weak travel demand, and the need to further reduce costs. The company, a unit of Ford Motor Corp., said the move will affect mostly U.S.
BUSINESS
December 21, 2000 | From Times Staff and Wire Reports
Judah Hertz, owner of the California Mart and several other major downtown Los Angeles properties, lost a bid Wednesday for a Nevada gaming license as a result of alleged ties to reputed mobsters involved in drug dealing and prostitution. Hertz "obviously is unsuitable for licensure with the state of Nevada and has no business here," said state Gaming Commission Chairman Brian Sandoval as the commission voted 4 to 0 against Hertz's application. Hertz denies any wrongdoing.
BUSINESS
November 26, 2000 | PETER PAE, TIMES STAFF WRITER
They were beeping one minute and then they suddenly went silent--45 million pagers in all--as a $250-million satellite hovering over Earth spun out of control and stopped transmitting. It was May 1998, the first time the nation was exposed to the fragility of space-based telecommunications that it had come to depend upon for pager communications, data transmissions and much of its television.
BUSINESS
September 22, 2000 | From Reuters
Ford Motor Co. on Thursday offered to acquire the 18.5% of Hertz Corp. that it does not already own for $30 a share, or $597 million, as part of a strategy to expand its presence in high-profit services such as vehicle rentals. Ford, the world's No. 2 auto maker, said its offer for the remaining 19.9 million shares of Hertz--the No. 1 car rental company--represents a 24% premium over Hertz's Wednesday closing price of $24.25, a 52-week low for the stock.
BUSINESS
September 1, 2000 | From Bloomberg News
Hertz Corp. warned that it expects third- and fourth-quarter earnings to fall short of analysts' estimates because of competitive prices in the car-rental business and canceled flights at United Airlines. The world's largest car-rental agency said it expects third-quarter earnings of $1.30 a share and fourth-quarter earnings of 51 cents a share. A First Call/Thomson Financial poll of eight analysts had an average estimate of $1.43 for the third quarter and 63 cents for the fourth quarter.
NEWS
August 1, 2000
Citigroup Inc. said Ed Horowitz is resigning as chief of its E-Citi Internet think-tank division after mounting losses at the unit and criticism on Wall Street of Citigroup's Internet strategy. Horowitz, a well-known figure in the technology world who previously ran Viacom Inc.'s interactive media arm, will be replaced by Citigroup Vice Chairman Deryck Maughan. Horowitz, who joined Citibank in 1997, will pursue other options, the company said. He will remain on as a consultant during the transition.
BUSINESS
May 11, 2000 | JESUS SANCHEZ, TIMES STAFF WRITER
The owners of the California Mart, the center of Southern California's apparel and fashion business, have agreed to sell the downtown Los Angeles showroom and office complex to Hertz Investment Group for about $90 million, according to people familiar with the deal. The Los Angeles-based real estate investment firm is in escrow to buy the 2-million-square-foot California Mart from Equitable Life Assurance Co.
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