Advertisement
HomeCollectionsHfs
IN THE NEWS

Hfs

FEATURED ARTICLES
BUSINESS
By BLOOMBERG BUSINESS NEWS | June 4, 1996
PARSIPPANY, N.J. -- Avis Inc., one of the nation's largest car rental operators, received an "unsolicited indication of interest" to be acquired by a publicly traded company, Avis spokeswoman Demetria Mudar said yesterday.Avis, which is owned by its employees, is in talks to be bought by HFS Inc. in a transaction that could total more than $1 billion including debt, the Wall Street Journal reported, citing people familiar with the talks. Mudar declined to identify the interested company.HFS Inc. Chairman and Chief Executive Henry Silverman neither confirmed nor denied the talks, but he said the company is interested in entering the car rental business.
ARTICLES BY DATE
EXPLORE
March 27, 2013
Harford Friends School hosted the 5th annual "Judy's Night of a Thousand Stars" recently, drawing more than 70 participants. This special event, coordinated by Alice Remsberg, is held each year in memory of Judy Harlan, one of the founding members of the school's board of trustees, who died in 2008. "Judy and her husband Bill were an integral part of the founding of Harford Friends School in 2004," Clare Pitz, head of school, said. As a founding trustee, Judy Harlan helped to shape the Quaker foundations of the school, as well as write curriculum for both the middle and lower schools.
Advertisement
BUSINESS
By BLOOMBERG NEWS | June 7, 1997
WASHINGTON -- HFS Inc., the parent of Hunt Valley-based PHH Corp., plans to sell 75 percent of a stripped-down Avis Rent A Car Inc. to the public in a first-time stock sale that could raise up to $250 million.After the offering, which was expected, the new public company will be the world's largest Avis franchisee with about 540 locations. HFS will continue to own the Avis brand name and reservation system, which it acquired with Avis in October for $793 million."They wouldn't be going public unless they thought they were getting a favorable valuation," said Ryan Jacob, director of research for IPO Value Monitor.
ENTERTAINMENT
By Al Shipley, Special To The Baltimore Sun | August 7, 2011
Last Monday, one of the most famous sets of call letters in the history of Baltimore radio was resurrected on local airwaves. And so far, listeners are split about the new HFS. Broadcasting on 97.5-FM, the newest incarnation is patterned closely after the influential alternative rock station once found at 99.1 on the dial — until its abrupt switch to Latin pop station El Zol in 2005. "The music made popular by HFS has lived on long after the station went off the air," CBS Radio senior vice president Bob Philips said last week when announcing the new station, noting that the brand had been kept alive as a streaming Internet station over the past six years.
BUSINESS
By Sean Somerville and Sean Somerville,SUN STAFF | January 8, 1997
HFS Inc. said yesterday that it would buy back up to 2.6 million shares as a drop in the company's stock price threatened the value of its offer for PHH Corp. of Hunt Valley.As HFS, of Parsippany, N.J., announced the move, its shares dipped below $60 before rallying to close at $60.875.If the average price of HFS stock falls below $60, PHH shareholders will get less than HFS' offer of $49.50 per share.PHH said it did not expect a drop in HFS' stock price to disrupt the companies' plans. "Both managements are committed to seeing the merger go through," said Virginia Shelley, PHH's director of investor relations.
BUSINESS
By Sean Somerville and Sean Somerville,SUN STAFF | April 24, 1997
HFS Inc. yesterday said it will pay about $1.6 billion in stock for PHH Corp. of Hunt Valley -- about $100 million less than the deal originally called for.In light of a drop in its stock price, HFS said it boosted the number of shares it will pay PHH shareholders.But the drop in the HFS price means PHH shareholders now stand to get about $46.30 per share -- less than the $49.50 announced in the acquisition agreement in November.The two companies said the acquisition is not in danger.PHH shareholders will still get a hefty premium over the $30.75 price of shares before the deal was announced.
BUSINESS
By Sean Somerville and Sean Somerville,SUN STAFF | February 16, 1997
Five years ago, HFS Inc. was tiny compared with PHH Corp. by almost every measure.Just 2 years old, the Parsippany, N.J.-based franchiser of Main Street lodges such as Howard Johnson and Ramada had $18.2 million in net income.That was about one-third the net income of then 46-year-old PHH -- the Baltimore-founded company with car fleet management, corporate relocation and mortgage banking businesses.By last year, after a string of acquisitions, HFS was reporting $170 million in net income, more than double PHH's.
BUSINESS
By BLOOMBERG NEWS | November 20, 1997
PARSIPPANY, N.J. -- HFS Inc. said yesterday it has agreed to buy Jackson Hewitt Inc. for $480 million in cash, adding tax preparation to financial services such as mutual funds and mortgages.Jackson Hewitt, the No. 2 tax preparer after H&R Block Inc., will join HFS's stable of well-known brands such as Century 21, Coldwell Banker, Ramada Inn, Days Inn and Avis Rent A Car Inc.The $68-a-share offer caps a 16-fold increase in Jackson Hewitt's stock the past year.HFS wants to become a one-stop outlet for a baby boom generation that's spending heavily on travel, real estate and financial services.
BUSINESS
By BLOOMBERG NEWS | May 29, 1997
STAMFORD, Conn. -- Shares of HFS Inc. and CUC International Inc. fell yesterday amid concern that their planned $10.1 billion merger would create a business too big to increase earnings at the same clip as the individual companies.The merger proposed late Tuesday -- less than a month after HFS completed its $1.8 billion purchase of Hunt Valley-based PHH Corp. -- would unite CUC's direct-marketing business with HFS' consumer brands, including Days Inn hotels, Coldwell Banker real estate and Avis car rentals.
NEWS
By Sean Somerville and Sean Somerville,SUN STAFF Bloomberg Business News contributed to this article | November 12, 1996
PHH Corp., the 50-year-old Baltimore company that quietly capitalized on corporate America's transportation and housing needs, agreed yesterday to be taken over by HFS Inc. of New Jersey for $1.7 billion.PHH, based in Hunt Valley, employs 5,470 people, including 1,000 to 1,200 in Maryland, in its fleet management, relocation and mortgage servicing businesses. Officials said it is too early to tell if the purchase would result in layoffs, or if PHH would remain headquartered in Maryland."All of the business segments of PHH fit so well in our business that I wouldn't expect any significant downsizing," said Henry R. Silverman, HFS' chairman and CEO.PHH offers its services to businesses, government agencies, financial institutions and membership groups in North America and Europe.
ENTERTAINMENT
By David Zurawik and The Baltimore Sun | August 2, 2011
A legendary set of call letters returned to the Baltimore airwaves Monday when CBS radio launched alternative rock station HFS at 97.5 on the FM dial. But competitors, like Dave Hill, the head of programming at 98 Rock (97.9 FM), dismissed the new HFS as a sorry imitation of the landmark rock station that in the 1970s and early '80s built a passionate following with its progressive, free-form programming. The HFS identity expanded in the 1990s with the annual HFStivals music fests.
ENTERTAINMENT
David Zurawik and The Baltimore Sun | August 1, 2011
CBS radio is billing it as "the alternative rock music Baltimore grew up and the personalities who made it popular" returning to the airwaves starting at noon today with the debut of HFS at 97.5 FM on the local radio dial. Featured artists on the playlist will include:  Foo Fighters, Red Hot Chili Peppers, Pearl Jam, Coldplay, Incubus, and Green Day, according to the station's release. Station personalities will include: Tim Virgin, Gina Crash, Jenn Marino,Chris Emery, and Neci.  One  question is whether HFS will be going for the some of the same audience as WTMD-FM, the Towson Unibversity station?
NEWS
By NICK MADIGAN and NICK MADIGAN,SUN REPORTER | November 6, 2005
Fairfax, Va. -- It's best not to cross The Junkies. The four guys who host a three-hour midday chat show on WJFK radio here are not what you would call vicious. Much of their banter, about sports, women and the youth they shared, is deliberately sophomoric. But any listener dumb enough to call in and challenge anything they've said on the air is instantly labeled a "doofus" and cut off with the noxious, conclusive sound of a flushing toilet. Such pleasantries - with attendant guffaws, taunts and jeers - will be part of the Baltimore area's mornings starting on Jan. 3, when The Junkies take over the slot on WHFS (under its new frequency, 105.7 FM)
NEWS
January 16, 2005
DUDES, A MOMENT of silence, please, or perhaps better yet a full-blown garage band romp and rattle in memory of WHFS, the FM radio station that passed away this week. WHFS suffered a fate common enough in radio: It changed formats. Suddenly. Goodbye alternative rock. As of Wednesday at noon, 99.1 FM is occupied by El Zol, a Spanish-language blend of Caribbean and Central American dance music. Fans of The Hives and White Stripes will have to go elsewhere. Owner Infinity Broadcasting sees a bigger future in the growing Latino culture.
FEATURES
By Rob Hiaasen and Rob Hiaasen,SUN STAFF | January 14, 2005
They had heard the news and wanted to hear the music, maybe catch some uptempo salsa to start their day for a change. In the Baltimore office of the Mayor's Hispanic Liaison, staff members yesterday tuned into WHFS 99.1 FM - which Wednesday had dropped an atom bomb on its alternative rock listeners by switching to a Spanish-language format. They found a station called El Zol. Siempe De Fiesta ("always partying") is the station's new sunny slogan, but apparently it's not partying quite yet. "We called over there to make a request," said Jose Ruiz, the mayor's Hispanic liaison.
BUSINESS
December 11, 1997
Aegon N.V., the large Dutch insurance company with U.S. headquarters in Baltimore, said yesterday that it will sell Providian Auto and Home Insurance Co. to New Jersey-based HFS Inc. for about $219 million in cash.Aegon USA Inc., the Baltimore-based subsidiary, acquired the business in June when it bought the insurance operations of Louisville, Ky.-based Providian Corp. for $3.5 billion."The sale of the property and casualty business supports Aegon USA's strategy to concentrate its resources on growth in the life insurance and retirement and savings product sectors of the market," said Donald J. Shepard, chairman of Aegon USA.HFS, based in Parsippany, N.J., provides a range of services worldwide, including real estate sales, travel services, vehicle management, mortgage loans and worker relocation.
BUSINESS
By Sean Somerville and Sean Somerville,SUN STAFF | May 1, 1997
WASHINGTON -- PHH Corp.'s half-century life as an independent company ended yesterday in about six minutes, as shareholders approved the $1.8 billion sale of the Hunt Valley-based company to HFS Inc. of New Jersey.There were no fond remembrances of the founding of the company in Baltimore by Duane L. Peterson, Richard M. Heather and Harley W. Howell. No remorse about the loss of a locally owned company. No entreaties for PHH to stay independent.The deal calls for PHH shareholders to get 0.825 shares of HFS stock for every PHH share.
NEWS
January 16, 2005
DUDES, A MOMENT of silence, please, or perhaps better yet a full-blown garage band romp and rattle in memory of WHFS, the FM radio station that passed away this week. WHFS suffered a fate common enough in radio: It changed formats. Suddenly. Goodbye alternative rock. As of Wednesday at noon, 99.1 FM is occupied by El Zol, a Spanish-language blend of Caribbean and Central American dance music. Fans of The Hives and White Stripes will have to go elsewhere. Owner Infinity Broadcasting sees a bigger future in the growing Latino culture.
BUSINESS
By BLOOMBERG NEWS | November 20, 1997
PARSIPPANY, N.J. -- HFS Inc. said yesterday it has agreed to buy Jackson Hewitt Inc. for $480 million in cash, adding tax preparation to financial services such as mutual funds and mortgages.Jackson Hewitt, the No. 2 tax preparer after H&R Block Inc., will join HFS's stable of well-known brands such as Century 21, Coldwell Banker, Ramada Inn, Days Inn and Avis Rent A Car Inc.The $68-a-share offer caps a 16-fold increase in Jackson Hewitt's stock the past year.HFS wants to become a one-stop outlet for a baby boom generation that's spending heavily on travel, real estate and financial services.
BUSINESS
By BLOOMBERG NEWS | September 25, 1997
NEW YORK -- Avis Rent A Car Inc. shares rose 32 percent in their first day of trading, benefiting from the company's low initial price and the success of rival Hertz Corp.'s initial public offering.Parent company HFS Inc. sold 19.5 million shares at $17 each in a $331.5 million IPO. The issue rose $5.50 to $22.50 in trading of 14.6 million shares, the fourth most active issue on U.S. markets.Fueling the rise is the 52 percent increase in industry leader Hertz's stock since it went public in April.
Baltimore Sun Articles
|
|
|
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.