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.» Read More
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.