April 29 Hertz Global Holdings Inc reported a better-than-expected quarterly profit due to strong demand for car rentals and higher pricing.
The company posted a net income of $18.0 million, or 4 cents per share, in the first quarter, compared with a loss of $56.3 million, or 13 cents per share, a year earlier.
Excluding items, Hertz earned 21 cents per share, above analysts' estimates of 17 cents per share.
UPDATE 1-Mozambique tells creditors debt levels "unsustainable"
MAPUTO, Oct 25 Mozambique's debt levels are unsustainable and the government must renegotiate repayment terms if it is to agree a new aid deal with the IMF by early next year, the finance ministry told creditors on Tuesday.
UPDATE 1-Sumner Redstone forced to borrow $100 mln from National Amusements -lawsuit
Oct 25 Media mogul Sumner Redstone on Tuesday sued two ex-girlfriends for civil claims including elder abuse, alleging he was forced to borrow $100 million from the private company that holds his voting shares of CBS Corp and Viacom Inc to cover tax obligations on gifts he gave to the women.