Hertz (HTZ) leaps on restructuring plan

Hertz Global Holdings Inc.

shares hiked 12.9% to $19.19. The company announced a restructuring plan, including additional steps to cut costs by as much as $300 million by the end of 2015. The car-rental company also said it is committed to its previously announced $1-billion stock buyback program. Share volume totaled 1.6 million, compared to an all-day average of 1.3 million