Hankypanky in the market - from 40 cents to $41 in a minute

Symbol: CAR Company: Avis budget Group Traded on: NYSE Low price: 40 cents High price: $41+ Somebody made bank - literally.

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Avis Budget cut 700 jobs, lost $1B in 3Q

PARSIPPANY, N.J. (AP) — Car rental company Avis Budget Group Inc. said it posted a pre-tax loss of more than $1 billion in the third quarter, including writedowns, and shed 700 jobs in a cost-cutting drive as travel volume dropped. ...

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Avis & Budget rental cars will now have e-toll transponders in FL, CO & PR

Avis Budget Group, Inc. (parent company of Avis & Budget) today announced the expansion of electronic toll collection. Available now in Puerto Rico and rolling out to Florida next week and Colorado later this fall, these services eliminate the need for car rental customers to carry change or wait in long cash payment lanes.

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Hertz, Avis Plan to Boost Hybrid Fleets

NEW YORK (AP) -- The increased demand for "green" vehicles is spilling over to the rental car counter, where many more drivers will soon be able to choose a hybrid vehicle. Hertz Global Holdings Inc. said Thursday it will spend $68 million to add 3,400 Toyota Prius hybrids to its fleets by 2008. And Avis Budget Group Inc.

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