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Between April 30, 1997 and February 1, 2005, PHH was a wholly owned subsidiary of Cendant Corporation (now known as Avis Budget Group) and its predecessors that provided mortgage banking services, facilitated employee relocations and provided vehicle fleet management and fuel card services. [citation needed]
In June 2004, Cendant sold Jackson Hewitt for $638 million through an initial public offering. [47] In January 2005, Cendant spun off its mortgage and fleet management businesses as PHH Corporation. [48] [49] The next month, Cendant sold its Wright Express division, a provider of fleet cards, for $1.03 billion through an initial public offering ...
In 2005, Cendant split off all but its car rental interests into separate companies. Realogy was formed to group its real estate activities; shares in the new company were distributed to existing Cendant shareholders. [3] In late 2006, it was bought for $6.65 billion, plus debt and other liabilities, by Apollo Global Management, a private ...
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In August 1997, Cendant and Apollo Management formed the current company – NRT LLC. The joint venture operation was established to allow greater acquisition growth. [ 2 ] Acquisitions were subsequently made in 1997 in Northern and Southern California as well as in Cincinnati , Ohio .
The stock started 2024 with a pretty expensive multiple, only to end the year with an even pricier one (shares go for almost 42 times trailing price-to-earnings (P/E)).
President-elect Donald Trump's "border czar" Tom Homan vowed to build "family facilities" to detain and deport the massive number of migrants who have entered the country illegally in recent years ...