Avis Budget News
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Hertz Global Holdings Inc., awaiting final U.S. antitrust approval for its acquisition of Dollar Thrifty Automotive Group, is among rental-car companies enjoying price increases not seen since before the recession.
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Hertz Global Holdings Inc., the largest publicly traded U.S. auto-rental chain, said it will move its headquarters to Florida from New Jersey following its acquisition of Dollar Thrifty Automotive Group.
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U.S. antitrust regulators are investigating whether Macquarie Group Ltd.’s private-equity arm violated a consent decree allowing it to buy the Advantage rental car brand from Hertz Global Holdings Inc., two people familiar with the matter said.
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Avis Budget Group Inc., once a skeptic about car sharing services, agreed to buy short-term rental pioneer Zipcar Inc. for $491 million, signaling a shift in the industry to embracing drivers who don’t want to own cars.
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Enterprise Holdings Inc. managed to become the world’s largest rental-car company by sales without actually spanning the globe. The chief executive officer says he knows that has to change.
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Zipcar Inc. was sued by an investor who claims that Avis Budget Group Inc.’s takeover offer for the short-term car rental company is inadequate.
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Avis Budget Group Inc. agreed to pay 636 million pounds ($1.04 billion) for Avis Europe Plc , the second-biggest car-rental company on the continent, possibly taking Avis Budget out of the bidding for Dollar Thrifty Automotive Group Inc.
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U.S. stocks rallied, giving the Standard & Poor’s 500 Index its biggest gain in more than a year, as lawmakers passed a bill averting spending cuts and tax increases threatening a recovery in the world’s biggest economy.
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Avis Budget Group Inc., the Parsippany, New Jersey-based car rental company, is among corporate borrowers planning to issue at least $3.3 billion of bonds in the U.S., according to data compiled by Bloomberg.
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Steve Case and his Revolution LLC fund for startups will gross about $96 million in the sale of car-sharing service Zipcar Inc. to Avis Budget Group Inc., a deal that validated his early backing in the industry.
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