Hertz Eyes Bankruptcy Exit Through $4.2 Billion Stake Sale

In a deal to jettison itself from under bankruptcy protection, Hertz said Tuesday that it may sell a controlling stake in the company to two investment firms for $4.2 billion.

Costco to Raise Minimum Hourly Wage to $16, Surpassing Key Competitors

Costco plans to hike up its minimum wage to $16 an hour starting next week, putting its pay above the majority of its key competitors, Chief Executive Officer Craig Jelinek announced Thursday.