Avis is leaping into the car-sharing service business by buying Cambridge-based Zipcar for $491.2 million.
With gas prices on the rise, some people are looking to cut the costs of getting around. They’re saying goodbye to car ownership, and hello to car sharing.
Zipcar, which went public last year, is finally profitable and reported Tuesday that it had a good fourth quarter.
The gourmet cupcake chain Crumbs is coming to Boston.
Car-sharing service Zipcar Inc. said Wednesday that it named Frerk-Malte Feller as president of its European operations, where it has made acquisitions to expand.
Car-sharing service Zipcar Inc. is expanding its operations into Rhode Island’s capital city.
A Cambridge company attracted a bunch of attention on Wall Street as Zipcar launched its initial public offering of stock. The IPO was offered at 18 dollars a share, and gained 56% for the day.
WBZ News Radio’s Financial Editor Dave Caruso reports on an increase in the weekly jobs data and a couple of IPO’s in the news.
Zipcar is going public Thursday.
Zipcar is expected to get a warm reception from Wall Street for its planned initial public offering this week.