During Tuesday’s current trade, Avis Budget Group Inc. (NASDAQ:CAR)’s shares incline 0.55% to $49.11.
Avis Budget Group Inc. (CAR) has strengthened its presence in Asia with the opening of new facilities in China, Hong Kong, Laos, Malaysia, Singapore and Taiwan. The Company also expanded its pick-up location service in Indonesia, enabling customers to conveniently rent Avis vehicles at four new destinations there.
Avis provides vehicle rental services at more than 300 locations in 20 Asian countries, from Brunei to Vietnam. The Company has a long history in Asia, having opened its first location in Hong Kong in 1970.
The new facilities are located near transportation hubs or within hotels at popular tourism destinations. These comprise:
- China- in the heart of Clearwater Bay town center and Boao in Hainan
- Hong Kong- in Centre Point on Gloucester Road in Wan Chai
- Laos- in the center of Ban Phonsavangtay in Savannakhet
- Malaysia- at the Holiday Inn Melaka in Malaysia
- Singapore- at the Orchard Hotel on Orchard Road in Singapore
- Taiwan- at the Accor Novotel in Taipei and at the Banqiao and Taichung train stations
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.
Teekay Tankers Ltd. (NYSE:TNK)‘s shares drop -0.78% to $7.62, during the current trading session Tuesday’s, hitting its highest level.
Teekay Tankers Ltd. (TNK) declared that Peter Evensen, Teekay Corporation’s (TK) President and Chief Executive Officer, has rejoined Teekay Tankers’ Board of Directors. Mr. Evensen formerly served as a Director of Teekay Tankers from October 2007 to June 2013.
Teekay Tankers Ltd. is engaged in the marine transportation of crude oil and refined petroleum products through the operation of its oil and product tankers worldwide. As of December 31, 2014, it owned 27 double-hulled conventional oil tankers, time-chartered in 8 Aframax tankers, and 4 long range 2 product tankers from third parties; and owned a 50% interest in 1 very large crude carrier. The company was founded in 2007 and is headquartered in Hamilton, Bermuda.
In an afternoon trade, DISH Network Corp (NASDAQ:DISH)‘s shares surge 0.71% to $70.88.
DISH Network Corp (DISH) added Caracol Internacional, the leading broadcast network in Colombia, to its programming lineup. The channel brings a variety of culturally-relevant news and entertainment to Colombians and other Latin Americans living in the U.S.
With the addition of Caracol Internacional, DishLATINO subscribers will have access to the most popular shows in Colombia, counting “Noticias Caracol (Caracol News),” one of the top news programs in the country, “Sábados Felices (Happy Saturdays),” a variety show that has aired for over 40 years, and “Desafío (Challenge),” a reality show in its 12th season. The network also airs a variety of telenovelas and television series produced in Colombia.
Caracol Internacional will be accessible on DishLATINO’s Plus, Dos and Max packages in addition to the Latino Bonus Pack, a service that supplements DISH’s English-language packages with top Spanish-language programming. Viewers will be able to find Caracol Internacional on channel 842.
DISH Network Corporation, through its auxiliaries, provides pay TV services in the United States. The company operates through two segments, DISH and Wireless. The company provides video services under the DISH brand. It also offers programming packages that comprise regional and specialty sports channels, premium movie channels, and Latino and international programming through national broadcast networks, local broadcast networks, and national and regional cable networks; and receiver systems.
American Capital Ltd. (NASDAQ:ACAS), during its Tuesday’s current trading session -0.93% loss and closed at $14.14.
American Capital Ltd. (ACAS) declared that it acted as sole lender and second lien agent on a $51 million second lien financing to support the acquisition of Compusearch Software Systems, Inc. (“Compusearch”) by ABRY Partners. Compusearch is the leading provider of acquisition and program administration software to federal agencies, Department of Defense program offices and government contractors.
Headquartered in Dulles, VA, Compusearch provides software and services that advance commerce and partnership among government agencies and contractors. Compusearch’s PRISM™ software is fully compliant with Federal Acquisition Regulations and is the contract writing system for defense, intelligence and civilian agencies. PRISM™ automates requisition and solicitation generation, competitive bid evaluation, award generation, contract administration, administration reporting, and contract closeout and archiving, and also significantly speeds up compliance with the complex bidding rules for federal contracts. Compusearch’s software solutions also comprise TopVue™ for program execution and deliverable support and SpectrumCLM™ for Government Contractor’s Contract Lifecycle Administration (CLM) processes.
American Capital, Ltd. is a private equity and venture capital firm specializing in administration and employee buyouts, subordinated debt, leveraged finance, mezzanine, acquisition, recapitalization, middle market, early venture, mature, industry consolidation, and growth capital investments. The firm seeks to invest in senior debt mezzanine, unitranche, and equity financing for buyouts of private equity firms and direct in private and public companies.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
