After a year when the overwhelming majority of travel-related stocks flew higher, one set of travel stocks is lagging.» Read More
Sure another DC debacle may be looming, but Jim Cramer refuses to get bogged down by it.
While Avis Budget is paying nearly $500 million for the short-term car-rental company, Zipcar's founders are not among the largest shareholders.
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.
CNBC's Phil LeBeau has the details on Avis Budget Group acquiring car-sharing service Zipcar in a nearly $500 million deal.
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.
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."
Some of the names on the move ahead of the open.
Avis Budget Group said it will buy Zipcar for about $500 million in cash to enter the fast-growing U.S. car-sharing market.
Holiday travelers who waited to book a rental car in the Northeast for Thanksgiving may be out of luck as Super Storm Sandy has created a shortage.
Enterprise Holdings provides half of all car rentals in the $22 billion U.S. car rental market, and has a big lead over No. 2 Hertz Global Holdings Inc, even after that company buys Dollar Thrifty Automotive Group.
PARIS, Oct 11- Carrefour SA:.
EDF Chief Executive Henri Proglio is expected to step down from French utility Veolia's board, French daily Les Echos reported. Europe's car market will not really recover without EU-led coordination of capacity cuts, Fiat and Chrysler Chief Executive Sergio Marchionne said, in an apparent back-track on comments he made at the Paris auto show last month.
UK small caps close down 0.1 percent, outperforming a 0.5 percent decline on both the blue chip FTSE 100 index and the mid-caps. Shares in Carclo add 6.2 percent in four times their average daily volumes after the British specialty plastics company forecast a "much stronger second half" for operating profit.
Oct 5- Avis Budget Group Inc:. *On October 1, 2012, unit entered into an agreement for the purchase of. *Deal sets forth terms related to ABCR's purchase of vehicles from GM dealers.
Oct 4- CANADA REAL ESTATE COs:. *Raymond James Starts Allied Properties Real Estate Investment Trust. *Raymond James Starts Amica Mature Lifestyles Inc with outperform.