Transportation

Hertz Drives 8% Higher on Spinoff Buzz

Shares of Hertz Global rallied 8% amid reports the rental-car company is preparing a $4.5 billion spinoff of its construction equipment rental business.

Uber Riots Erupt in Paris

Riots are erupting in Paris, as taxi drivers burn tires and violently protest Uber’s black car service. The car service has been contested in Paris courts, but legal ambiguity has allowed Uber to remain a competitive threat to the taxi industry.

Uber's Next Battleground: New York City

The next battleground over the controversial Uber car service is also likely to be the biggest: New York City, indicates a letter obtained by FOX Business which threateners Mayor Bill de Blasio with a lawsuit.