News By Topic: Rental

Avis Enhances Airline Flight Tracking System

Jun 26, 1998

Avis Rent A Car, Inc. announced that it has enhanced its Preferred customer flight arrival program at almost 200 domestic airport locations by incorporating real-time flight tracking data from FlightView(R) into its Wizard of Avis system. ... Continue reading

America's Strongest Business-to-Business Brands Named

Jun 24, 1998

The rankings are drawn from the ImagePower Index, which is a composite measure combining each brand's strength across five different perception criteria: share of mind, share of heart, value, momentum, and uniqueness/singularity. ... Continue reading

Roadway Express Board Authorizes Stock Repurchase

Jun 22, 1998

Roadway Express, Inc. announced that its Board of Directors has authorized the purchase from time to time of up to $20,000,000 of the Company's common stock. Such purchases may be made in the open market, through block trades or otherwise. ... Continue reading

Budget Group, Inc. Completes Consent Solicitation

Jun 19, 1998

Budget Group, Inc. announced that consents to certain amendments to the indenture relating to the US$175 million 10% Senior Subordinated Notes Due 2006 of Ryder TRS, Inc. have been received from holders of more than a majority of the total outstanding principal amount of the notes. ... Continue reading

Royal Automobile Club Members Approve First Step

Jun 19, 1998

Cendant Corp announced that members of the Royal Automobile Club approved by majority the first stage of the two-step process to implement the sale of RAC Motoring Services to Cendant for 450 million, or approximately $730 million in cash. ... Continue reading

Budget Group Announces the Pricing of $300 Million Convertible Preferred Securities

Jun 18, 1998

Budget Group, Inc. announced the pricing of its $300 million 6-1/4% Remarketable Term Income Deferrable Equity Securities. The securities will be convertible into Class A Common Stock at a conversion price of $32.94. ... Continue reading

Budget Group Increases Purchase Price

Jun 17, 1998

Budget Group, Inc. has increased the purchase price to be paid pursuant to its cash tender offer and solicitation of consents relating to the outstanding 10% Senior Subordinated Notes Due 2006 of Ryder TRS, Inc., dated June 5, 1998. ... Continue reading

Standard & Poor's Affirms Ratings on Hertz Corp.

Jun 17, 1998

Standard & Poor's today affirmed its ratings on Hertz Corp (see list below). The outlook is revised to developing from negative. ... Continue reading

Carey International Announces Three Acquisitions

Jun 15, 1998

Carey International, Inc. announced that it has signed definitive agreements to acquire two chauffeured vehicle service businesses: Ace Transportation, Inc. of Boston and American VIP Limousines, Inc. of Miami. ... Continue reading

Nostalgia Motorcars Inc. to Enter Into Importation and Sales of Automobiles

Jun 12, 1998

Nostalgia Motorcars Inc. formerly Arnexan, Inc., intends to import and certify new Volkswagen classic Beetles for sale and rental in the North American marketplace. ... Continue reading

Dawson Science Corp. Reports First Quarter Results

Jun 10, 1998

Dawson Science Corp. (OTC Bulletin Board: DWSC) today reported its results of operations for the first quarter period ended March 31, 1998. ... Continue reading

Budget Offers Free Pager to American Express Cardmembers

Jun 8, 1998

Budget Rent a Car is offering a free Motorola pager exclusively to American Express Cardmembers when they rent with Budget in June or July 1998. To receive the free Motorola pager, customers must dial the special toll-free number. ... Continue reading

Budget Signs Partnership With Northwest Airlines

Jun 8, 1998

Budget Rent a Car Corporation, the world's third largest car and truck rental company, announces a new partnership with Northwest Airlines, effective June 1, 1998. ... Continue reading

S&P Assigns Double-'B'-Minus Rating to Budget

Jun 8, 1998

Standard and Poor's today assigned its double-'B'-plus corporate credit rating to Budget Group Inc. and its double-'B'-minus rating to Budget Group Capital Trust's $300 million of remarketable term income deferrable equity securities. ... Continue reading

Spring into Summer with Budget Coupon Books Worth Over $1,500 in Savings

Jun 8, 1998

For a limited time, participating Budget Car and Truck Rental locations nationwide will distribute 1,000,000 discount coupon books to Budget customers who pay for a car class upgrade at the time of pick-up. ... Continue reading