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Sixt Third-Quarter Profit Falls; Full-Year Target Cut (Update2) (Bloomberg)
Nov. 20 (Bloomberg) -- Sixt AG , Germany's largest car- rental operator, cut its profit forecast after higher financing costs led to a 23 percent decline in third-quarter net income.
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Sixt Third-Quarter Profit Falls; Full-Year Target Cut (Update1) (Bloomberg)
Nov. 20 (Bloomberg) -- Sixt AG , Germany's largest car-rental operator, cut its profit forecast for the second time this year after higher financing costs led to a 23 percent decline in third-quarter net income.
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Kayak.com launches three tools (eyefortravel.com)
Kayak.com has launched three tools including the industry's first search result collaboration feature for real-time sharing of air, hotel, rental car and cruise searches.
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Avis and Accident Exchange warn on profits (Tiscali)
LONDON (Reuters) - Car rental company Avis Europe and accident management firm Accident Exchange warned on profits on Monday as the high cost of motoring deters people from using cars, sending shares in both crashing.
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Hit & Run: No, it's not a lookalike (Independent)
One would normally expect to see Welsh superstar and one-man sex bomb Tom Jones defending himself from women's underwear on the world's most celebrated stages. But yesterday afternoon Jones took a break from being part of the international jet set to go back to basics. He busked for petty cash outside London's Royal Festival Hall.
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Hertz to muscle in on the British car-club market (Independent)
Hertz, the car-rental giant, is to drive into the car-club market competing with independent specialists Streetcar, City Car Club and Zipcar.
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Travel briefs (San Jose Mercury News)
Travel news in brief
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Boris takes 'jackhammer' to housing market (InsideHousing)
As expected, the housing strategy proposes scrapping the target that 50 per cent of all new housing be affordable, and places greater emphasis on homeownership.
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Avis cuts 315 jobs as volumes turn down (ShareCast)
LONDON (SHARECAST) - Car hire firm Avis is to cut 5% of its workforce in response to both used car markets and the economic environment weakening more than previously expected especially in the current quarter.
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Thursday's news and tips (Investors Chronicle)
■ Rolls-Royce said it will axe around 4% of its workforce in 2009, with 140 likely to go at the engine maker's assembly and test facility in Derby.
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