Nikkei Reverses Gains, Down by Up to 2%
Zipcar Inc
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The "Mad Money" host explains why he thinks it might be a good place to invest.
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The "Mad Money" host explains why he thinks it might be a good place to invest.
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Getting around Austin during the South by Southwest festival can be a nightmare. Thanks to a few handy apps, there are some creative travel options -- no cash required!
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South by Southwest draws so many entrepreneurs, it naturally also draws venture capital investors hoping to find the next big thing.
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New rental car service Silvercar lets customers reserve an Audi A4, unlock its door and drive away via your smartphone. No need to visit the often slow car rental counter.
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The CEO of Zipcar, which was taken over this week by Avis, told CNBC about a new plan to get around the annual fee.
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Scott Griffith, Zipcar chairman & CEO discusses his company's no annual fee driving plan and sale to Avis. "We think it's a game changer in personal mobility," Griffith said.
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While Avis Budget is paying nearly $500 million for the short-term car-rental company, Zipcar's founders are not among the largest shareholders.
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Stocks kicked off the first trading day of 2013 with a sharp 2-percent rally across the board fueled by the last-minute budget deal by lawmakers to avert the "fiscal cliff" that would have pushed the economy into recession.
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CNBC's Phil LeBeau has the details on Avis Budget Group acquiring car-sharing service Zipcar in a nearly $500 million deal.
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The "Squawk on the Street" crew reports shares of Zipcar are soaring on news the car-sharing service agreed to be acquired by Avis Budget Group for $500 million or $12.25 a share in cash.
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U.S. stock index futures indicated a sharply higher open for Wall Street’s first trading day of 2013, after the U.S. House of Representatives finally approved a bill to avert the "fiscal cliff."
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Avis Budget Group said it will buy Zipcar for about $500 million in cash to enter the fast-growing U.S. car-sharing market.
