Analysts forecast that Hertz Global Holdings, Inc (NYSE:HTZ) will post sales of $1.97 billion for the current quarter, Zacks reports. Two analysts have issued estimates for Hertz Global’s earnings. The highest sales estimate is $1.98 billion and the lowest is $1.97 billion. Hertz Global po
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Two initial public offerings (IPOs) made it into the public markets last week, with insiders taking about two-thirds of the shares on offer. Next week’s action includes a cable TV operator, three REITs, and three blank-check companies.
Biotech firm Athenex Inc. (NASDAQ: ATNX) raised $66 million selling 6 million shares at $11, the low end of the expected price range. The shares got....More>>>
An estimated 73% of adults have financial regrets, according to a new Bankrate report. What’s their biggest financial worry? The majority of respondents, 22%, believe they didn’t start saving for retirement early enough. This is a common regret among Americans aged 50 to 64 years old (37%), along with 26% of those over the age of 64. Both men and women agree that it’s their top....More>>>
German banking giant Deutsche Bank said Friday it has agreed toa $7.2 billion settlement with the U.S. Justice Department over its marketing and sales of mortgage-backed bonds risky securities that helped start the global financial crisis.
Under the deal, which isnt yet final, the bank agreed to pay $3.1 billion in fines and $4.1 billion in compensation through such measures as easing loan....More>>>
For months, strategists warned that high valuations in the U.S. could leave stocks vulnerable to a correction. But valuations seemed to have had little hand in guiding investors during this year’s steep declines across global markets.
Equity markets that were relatively more “expensive”those with higher valuationsdidn’t suffer any more than their “cheaper”....More>>>
Terreno Realty’s (NYSE:TRNO) multiple is materially out of line with its quality. It trades as one of the most expensive REITs, (24X 2017 estimated FFO) yet it is wrought with problems including lack of transparency and ambitious acquisitions predicated in aggressive underwriting. We anticipate it trading down to a multiple closer to the average of the industrial REITs....More>>>
At 4 p.m. ET this afternoon, U.S. President Barack Obama will reveal the eight individuals he’s tasked with serving on his Puerto Rico oversight board. These folks will be charged with restructuring the commonwealth’s massive $70 billion debt burden.
To be clear: This board is not tasked withdoling out another bailout placed at the feet of American taxpayers. It’s more....More>>>
Shares of Procter & Gamble (PG) are soaring today after the consumer-staples giant reported better-than-expected earnings.
Procter & Gamble reported an adjusted profit of $1.08 a share, beating forecasts for $1.06, despite sales coming at at $16.86 billion, below forecasts for $16.94 billion. It also cited the strong dollar as a possible headwind.
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Pedro Parente, lauded for turning around Brazil’s state-oil giant Petrobras SA, agreed to become chairman of struggling food conglomerate BRF SA, a breakthrough that may end several weeks of fighting among shareholders over who will sit on its board.
The Dow Jones today jumped 200 points in pre-market trading, as bullish investors reacted to stellar earnings reports from Netflix Inc. (Nasdaq: NFLX) and Goldman Sachs Group Inc. (NYSE: GS). Markets are likely to continue to rise on what is expected to be the strongest earnings sea