International Business News - DTG http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Shares of rental car companies dropped on Wednesday after a Barclays Capital analyst downgraded shares of both Avis Budget Group Inc. and Hertz Global Holdings Inc. on his estimates of a weak 2009 for the industry. http://www.ibtimes.com/articles/20081112/rental-car-shares-drop-on-avis-hertz-downgrades.htm Wed, 12 Nov 2008 14:48:20 EST Dollar Thrifty Automotive Group Inc. said Wednesday it expects to post an adjusted pretax loss for the full year 2008 as a result of the weak economy and the ongoing problems in the automotive and airline industries. http://www.ibtimes.com/articles/20081105/dollar-thrifty-expects-08-loss-in-weaker-economy.htm Wed, 05 Nov 2008 08:29:30 EST Dollar Thrifty Automotive Group Inc. said Wednesday its third-quarter profit rose 67 percent as lower losses from derivatives offset a drop in vehicle rental revenue. http://www.ibtimes.com/articles/20081105/dollar-thrifty-3q-profit-jumps-67-percent.htm Wed, 05 Nov 2008 08:18:44 EST Dollar Thrifty Automotive Group Inc. said Thursday it has cut its work force by 6 percent, or 400 jobs, to reduce costs amid the slumping economic environment. http://www.ibtimes.com/articles/20081030/dollar-thrifty-automotive-cuts-400-jobs.htm Thu, 30 Oct 2008 19:35:20 EDT Shares of rental car companies remained mixed on Wednesday after the Federal Reserve cut the fed funds rate by a half point, as many investors had expected. http://www.ibtimes.com/articles/20081029/rental-cars-trade-mixed-after-interest-rate-cut.htm Wed, 29 Oct 2008 14:51:08 EDT Dollar Thrifty Automotive Group Inc. said Wednesday it expects to record a profit in the third quarter. The car rental company also expects to end the quarter with an unrestricted cash balance of at least $200 million, up from $80 million as of June 30. A cash dividend from its vehicle finance subsidiary provided the boost. http://www.ibtimes.com/articles/20081022/dollar-thrifty-expects-to-post-3rd-quarter-profit.htm Wed, 22 Oct 2008 07:01:41 EDT A Barclays Capital analyst lowered his ratings on Avis Budget Group Inc. on Friday, citing its relative dependence on the U.S. market, but said the rental-car market is more resilient than investors appear to believe. http://www.ibtimes.com/articles/20081017/analyst-downgrades-avis-budget-cites-us-market.htm Fri, 17 Oct 2008 19:06:05 EDT The replacement of Dollar Thrifty Automotive Group Inc. President and Chief Executive Gary L. Paxton with Chief Financial Officer Scott L. Thompson may speed the car rental company's sale to a rival, an analyst said Tuesday. http://www.ibtimes.com/articles/20081014/analyst-dollar-thrifty-exec-move-may-speed-sale.htm Tue, 14 Oct 2008 10:54:00 EDT Car rental company Dollar Thrifty Automotive Group Inc. said late Monday it named Scott L. Thompson president and chief executive, succeeding Gary L. Paxton. http://www.ibtimes.com/articles/20081014/dollar-thrifty-names-thompson-president-and-ceo.htm Tue, 14 Oct 2008 07:54:05 EDT Car rental company Dollar Thrifty Automotive Group Inc. said Tuesday it modified its permissible debt for the next 60 days to maintain compliance with its debt convenants. http://www.ibtimes.com/articles/20080930/dollar-thrifty-amends-credit-agreements.htm Tue, 30 Sep 2008 10:59:20 EDT Dollar Thrifty Automotive Group Inc.'s shares touched an all-time low on Thursday as investors continued to worry about the rental car company's debt covenants following its warning about difficult third-quarter trends earlier this week. http://www.ibtimes.com/articles/20080925/dollar-thrifty-shares-fall-to-all-time-low.htm Thu, 25 Sep 2008 15:57:46 EDT Shares of both Dollar Thrifty Automotive Group Inc. and Hertz Global Holdings Inc. extended their declines on Wednesday after a Goldman Sachs analyst downgraded Hertz, citing broad concerns about industry headwinds. http://www.ibtimes.com/articles/20080924/dollar-thrifty-and-hertz-stocks-extend-decline.htm Wed, 24 Sep 2008 16:04:30 EDT Among the stock activity stories for Tuesday, Sept. 23, from AP Financial News: MILWAUKEE (AP)--Shares of the nation's largest chicken producer, Pilgrim's Pride Corp., tumbled Tuesday after the company said it was cutting another 100 jobs at a plant in Arkansas. http://www.ibtimes.com/articles/20080923/movers-roundup-pilgrims-pride-dollar-thrifty.htm Tue, 23 Sep 2008 18:36:51 EDT Shares of rental car companies dropped sharply on Tuesday after a warning by Dollar Thrifty Automotive Group Inc. about difficult revenue per day trends in the third-quarter sparked concerns about the health of the sector. http://www.ibtimes.com/articles/20080923/sector-snap-rental-car-companies-shares-plummet.htm Tue, 23 Sep 2008 15:17:00 EDT Shares of Dollar Thrifty Automotive Group Inc. plunged more than 30 percent on Tuesday as investors worried about the rental car company's debt covenants following its warning about difficult revenue trends and vehicle depreciation costs. http://www.ibtimes.com/articles/20080923/dollar-thrifty-shares-plunge-after-warning.htm Tue, 23 Sep 2008 21:46:13 EDT Rental car company Dollar Thrifty Automotive Group Inc. said Tuesday it is seeking an amendment to the permitted leverage under its senior secured credit facility, citing a challenging third quarter. http://www.ibtimes.com/articles/20080923/dollar-thrifty-seeks-amendment-to-credit-facility.htm Tue, 23 Sep 2008 07:35:51 EDT Shares of rental car service owner Dollar Thrifty Automotive Group Inc. posted their steepest drop in more than two months Wednesday. The Tulsa, Okla.-based company's shares fell $1.02, or 15.6 percent, to close at $5.54. Shares have fallen 79 percent so far this year. http://www.ibtimes.com/articles/20080910/dollar-thrifty-plunges-biggest-drop-since-july.htm Wed, 10 Sep 2008 16:07:15 EDT Shares of rental car companies rose Thursday after Avis Budget Group Inc. reported a 35 percent drop in second-quarter profit, but still beat average analysts' expectations. http://www.ibtimes.com/articles/20080807/sector-snap-rental-cars.htm Thu, 07 Aug 2008 12:48:07 EDT Shares of rental car companies rose Tuesday, along with the broader market, after Dollar Thrifty Automotive Group Inc. said its second-quarter profit dropped 30 percent, but its adjusted results still managed to beat Wall Street predictions. http://www.ibtimes.com/articles/20080805/sector-snap-rental-cars.htm Tue, 05 Aug 2008 10:47:12 EDT Dollar Thrifty Automotive Group Inc. said Tuesday its second-quarter profit tumbled 30 percent as a result of lower vehicle revenue per day and a drop in used vehicle values. http://www.ibtimes.com/articles/20080805/dollar-thrifty-2q-profit-tumbles.htm Tue, 05 Aug 2008 09:38:22 EDT