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Avis Budget Group Inc

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  • July 31- Car rental company Avis Budget Group raised its full-year revenue and profit forecast as demand rose in North America and the company raised prices. The company raised its full-year profit forecast to $2.75- $3.05 per share from $2.50- $2.95 earlier and revenue expectation to $8.6- $8.7 billion from $8.4- $8.6 billion earlier.

  • Uber moves into business travel, expensing Tuesday, 29 Jul 2014 | 8:41 AM ET

    Ridesharing app Uber announces a service aimed at making the company more valuable for business travelers.

  • After fixes, flat stock no longer broken: Cramer Monday, 28 Jul 2014 | 6:24 PM ET

    "At at this point, I think the company has gotten past many of the problems that have kept it down,” Jim Cramer said.

  • COLUMN-U.S. transportation stocks for the long haul Monday, 7 Jul 2014 | 1:42 PM ET

    CHICAGO, July 7- As North Americans hit the highways, airports and rails for vacations this summer, it's not hard to believe that some of the most robust stocks are in the transportation industry- particularly in an improving economy.

  • Want to profit from Uber? Do this, pro says Wednesday, 25 Jun 2014 | 4:17 PM ET

    Investors may not be able to directly cash in on Uber's success, but can instead look at car rental companies it will be disrupting—Hertz and Avis.

  • LONDON, June 18- Hertz, the second biggest U.S. car rental firm, is looking to broaden its business and could allow its cars to be rented via Uber and its controversial smartphone app, Group President Michel Taride told Reuters on Wednesday.

  • All hail, the king of the cab ride, a $17B fare Tuesday, 17 Jun 2014 | 6:00 AM ET
    Travis Kalanick, co-founder and CEO of Uber Technologies

    If there's a poster child for the sharing economy—both in popularity and controversy—taxi app Uber, valued at $17 billion, is hard to beat.

  • Why Uber might well be worth $18 billion Tuesday, 10 Jun 2014 | 8:13 AM ET

    While many scoff at Uber's $18 billion valuation, the revenues of the taxi business and high profit margins suggest it may be worth more.

  • Hertz, along with Avis Budget Group Inc and privately held Enterprise Rent-A-Car, the market leader, together control about 90 percent of the U.S. car rental market. Friday's trading erased all of the gains so far this year for shares of Hertz, whose shareholders include Larry Robbins' Glenview Capital Management LLC and Daniel Loeb's Third Point Capital.

  • Oops! Hertz to restate 3 years of financial results Friday, 6 Jun 2014 | 12:02 PM ET
    People walk by a Hertz rental car office in San Francisco, California.

    Hertz Global Holdings said it would restate financial results for the past three years to correct accounting errors from 2011.

  • Hertz, which replaced its chief financial officer in December, was scheduled to report results on May 7, but delayed the announcement saying more work was required. Third Point had a stake of about 1.3 percent in Hertz as of March 31, while Glenview had about 3 percent.

  • Renting a car? GM recalls may affect you, too Thursday, 22 May 2014 | 9:00 AM ET

    General Motors has recalled more than 13 million cars so far this year, which means fewer cars available on the rental lots for travelers.

  • Avis ‘darn cheap’, says Cramer, despite rally Friday, 16 May 2014 | 6:30 PM ET

    Year to date shares of Avis have rallied about 35%, yet Jim Cramer thinks the stock remains relatively cheap.

  • May 7- Car rental company Avis Budget Group raised its full-year revenue and profit forecast, citing higher car rental volumes and rates in North America, and reported a higher-than-expected quarterly profit.

  • May 7- Car rental company Avis Budget Group reported a profit in the first quarter, compared with a loss a year earlier, helped by higher car rental volumes and rates in North America. Avis posted a net income of $4 million, or 3 cents per share, in the first quarter ended March 31, compared with a loss of $46 million, or 43 cents per share, a year earlier.

  • GM enlists rental companies for loaner cars Friday, 21 Mar 2014 | 10:09 AM ET
    People walk by a Hertz rental car office in San Francisco, California.

    In the event that GM runs out of vehicles to loan owners of its recalled vehicles, the automaker has lined up rental firms, according to a report.

  • Hertz, the No. 2 U.S. car rental company behind privately owned Enterprise Rent-A-Car, has been under pressure from investors to shed the business and focus on car rentals. Hertz's remaining businesses would include the Hertz, Dollar, Thrifty and Firefly car rental brands and the Donlen fleet leasing and management business.

  • Midday movers: Conn's, Blackberry, Coca-Cola & more Thursday, 20 Feb 2014 | 12:35 PM ET
    NYSE exchange floor

    Take a look at some of Thursday's midday movers:

  • Business travelers say one thing, but do another Thursday, 16 Jan 2014 | 7:36 AM ET

    Business travelers have clear favorites among restaurants, hotels and airlines, but they spend their money elsewhere. Here's why.

  • Fund manager's picks: GT, WDC & SU     Monday, 6 Jan 2014 | 12:19 PM ET

    Three stocks to own in 2014, with Andrew Wellington, Lyrical Asset Management.