On Monday, Avis Budget Group Inc. (NASDAQ:CAR)’s shares inclined 0.39% to $51.20.
With many experts predicting that this will be an especially busy summer travel season for Americans heading to Europe, Avis Budget Group Inc. (CAR) Rental urges visitors to Italy, Spain, France and the rest of Europe to book reservations early to ensure vehicle availability and obtain a great price.
“Between the ongoing recovery in the U.S. economy and the continued strength of the dollar against the euro, all signs are that this will be a good year to visit the great destinations of Europe,” said Larry De Shon, president, International, Avis Budget Group. “We urge our U.S. customers to make their car hire arrangements as early as possible as some locations will sell out on certain dates. Avis has a wide variety of vehicles accessible in cities and at airports throughout Europe, from Athens to Zurich, and from Hammerfest, Norway near the Arctic Circle to Istanbul on the border of Europe and Asia.”
Examples of quality Avis vehicles accessible at some of Europe’s most in-demand locations comprise:
- United Kingdom: Enjoy the ride out to Stonehenge in a Seat Toledo, a family car meticulously crafted from headlight to tail lamp with a host of features, or see the Scottish Highlands in style in a Peugeot 308, an award-winning family hatchback with a focus on comfort and quality.
- France: Cruise the famous Avenue des Champs-Elysees in a Peugeot RCZ, an upscale sports car with unique design and impressive performance, or discover the thrill of open motoring in the French countryside in a Mini Cooper Convertible, perfect for winding roads and highways alike.
- Italy: From Florence and Venice in the north down to Sicily in southernmost Italy, all of Italy is legendary for culture, history and spectacular scenery. See the country by car in an Alfa Romeo Giulietta, a small family car combining sportiness, elegance and dynamic performance, or an Audi A1, a supermini economy car boasting smart styling and refinement into a compact body.
Avis Budget Group, Inc., together with its auxiliaries, provides car and truck rentals, car sharing, and ancillary services to businesses and consumers worldwide. The company has three segments: North America, International, and Truck Rental. It operates the Avis car rental system with about 5,450 locations, that supply rental cars to the premium commercial and leisure segments of the travel industry; the Budget vehicle rental system with about 3,500 car rental locations, which serve the value-conscious segments of the industry; and Zipcar, a membership-based car sharing network that provides vehicles to about 915,000 members.
AirMedia Group Inc (ADR) (NASDAQ:AMCN)’s shares gained 9.62% to $6.95.
AirMedia Group Inc (ADR) (AMCN) a leading operator of out-of-home advertising platforms in China targeting mid-to-high-end consumers, in addition to a first-mover in the in-flight and on-train Wi-Fi market, recently declared that Guangzhou Meizheng Advertising Co., Ltd. (“Meizheng”), one of its merged entities in which AirMedia has 63.2% of the equity interest, has recently obtained the exclusive right to install and operate Wi-Fi systems on ordinary trains operated by Beijing Railway Bureau. As of the time of execution of the concession agreement, Beijing Railway Bureau had 89 groups of ordinary trains in operation.
Other than the aforementioned concession right, Meizheng also holds the concession rights to exclusively install and operate Wi-Fi systems on the high-speed trains operated by Beijing Railway Bureau.
AirMedia Group Inc. operates out-of-home advertising platforms primarily in the People’s Republic of China. The company operates a network of digital TV screens on planes operated by seven airlines; traditional media in airports, such as light boxes, billboards, and painted advertisements; and gas station media displays, in addition to other outdoor media displays out of the air travel advertising sector. It also displays non-advertising content, such as weather, sports, and comedy clips; and television programs, counting documentaries and hidden camera type reality shows from other third-party content providers.
At the end of Monday’s trade, International Business Machines Corp. (NYSE:IBM)‘s shares surged 0.32% to $170.20.
Tata Sky, the leading broadcast satellite television provider in India, has selected International Business Machines Corp. (IBM) to launch new mobile solutions that enable it to reach new markets, and improve customer service and responsiveness for its 14 million subscribers across the country.
With the IBM MobileFirst Platform, Tata Sky can securely integrate customer and enterprise data and launch new apps to spur growth, especially in rural markets. For example, the new mSales app assists dealers and distributors quickly respond to customer inquiries, track existing accounts and onboard new subscribers. Access to mobile capabilities that enable more efficient customer service is especially important in rural areas where there is often limited access to laptops or reliable Internet connectivity.
According to a market study by Hong Kong-based research firm Media Partners Asia, the direct-to-home active subscriber base in India will enhance from 37 million in 2013 to 60 million by 2018 and 70 million by 2023. By launching innovative mobile solutions for its 300,000 dealers, Tata Sky will be better able to add subscribers and gain market share.
International Business Machines Corporation provides information technology (IT) products and services worldwide. The company’s Global Technology Services segment provides IT infrastructure and business process services, such as outsourcing, processing, integrated technology, cloud, and technology support.
E*TRADE Financial Corp (NASDAQ:ETFC), ended its Monday’s trading session with 0.08% gain, and closed at $29.49.
E*TRADE Financial Corp (ETFC) declared that Chief Financial Officer Matthew J. Audette advised the Company of his decision to leave to accept a role with another company. After 16 years of service, Mr. Audette will leave the Company at the end of July. Current Chief Risk Officer and E*TRADE veteran Michael A. Pizzi will assume the Chief Financial Officer role, effective June 16. Paul W. Brandow, former Chief Risk Officer and current Senior Advisor to the Company, will assume the role of Acting Chief Risk Officer to assure a smooth transition as the Company conducts a search for a permanent replacement.
Mr. Pizzi has served as Executive Vice President and CRO since January 2014, having been with E*TRADE since 2003. As CRO, Mr. Pizzi took the risk function to new levels, establishing an enterprise risk administration framework that rivals those of much larger institutions and permeates every facet of the organization from leadership down to the individual. He also has an extensive background in treasury and balance sheet administration, having served as Treasurer of E*TRADE Bank from 2008 to 2013, where he was responsible for all portfolio, capital, and liquidity administration. He took on additional responsibilities as Corporate Treasurer in 2011. Prior to these roles, he held various positions in E*TRADE’s portfolio administration and derivatives functions. Before joining E*TRADE, Mr. Pizzi worked in asset / liability administration at both Lehman Brothers and First Maryland Bank, in addition to in capital markets research for the Federal Reserve Board.
E*TRADE Financial Corporation, a financial services company, provides brokerage and related products and services primarily to individual retail investors under the E*TRADE Financial brand name. It operates through two segments, Trading and Investing, and Balance Sheet Administration.
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