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Avis Buying Zipcar in Deal Worth Nearly $500M

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  • Description

    FBN’s Diane Macedo on Avis Budget Group’s deal to buy Zipcar.

  • Duration 0:56
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Hi everyone I'm Diana stayed with your Fox Business three stocks the stocks that is -- sharply higher after lawmakers reached a last minute budget agreement to avert sweeping tax increases.

And cuts to government spending programs the Dow is off its highs of the day but still up almost 250 points.

Meanwhile the US manufacturing activity rose last month after contracting in November hiring picked up pointing to modest economic growth heading into the new year.

The institute for supply management says its index of manufacturing activity.

-- slightly in December November's reading was the lowest since July 2009 just one month.

After the recession ended.

And Avis is buying -- car for more than 490.

Million dollars expanding its offerings from traditional car rentals.

To car sharing services the boards of both companies unanimously approved the buyout shares of zip car are currently up in the market as well now --

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