From Fnno.com, this is the Financial News Network. Here’s a few things to watch for in the financial world today August 27.Hertz Global Holdings (NYSE:HTZ) buying out one its rivals after more than two years of takeover talks. The number two U.S. car rental company will be acquiring Dollar Thrifty (NYSE:DTG) for $2.3 billion or around $87.50 per share. Both Hertz and another car rental rival, Avis Group, were looking to takeover the smaller competitor, both extending offers in 2010. But, Hertz ended up winning out, almost nearly doubling its first bid of $1.2 billion. The deal’s closing is still subject to regulatory approval.Iconic jewelry maker Tiffany & Co. (NYSE:TIF) didn’t meet profit expectations in the most recent quarter. The company posted an EPS of 72 cents a share, lower than the 74 cents analysts were expecting. Revenue did rise 2% to $886.6 million, but was also below the street’s estimate of $891.1 million. Chairman and CEO of the company Michael Kowalski said Tiffany’s sales growth was hurt by tough economic conditions and higher product costs. The company also lowered its full-year earnings forecast to a range of $3.55 to $3.70. Analysts are predicting 2012 earnings to be $3.65 per share.Finally, AOL (NASDAQ:AOL) giving some love to those holding company stock. The internet company announced a special dividend, returning $1.1 billion to its shareholders. AOL will also repurchase $600 million in shares under an accelerated agreement with Barclays. The dividend will be $5.15 per share, paid on December 14 to shareholders of record at the close of business on December 5.Those were a few things to watch out for here on the Financial News Network. For more coverage and analysis of the business world follow us on twitter @FNNOnline or check out our website at fnno.com.
