Dollar Thrifty Automotive Group Inc.
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TULSA, Okla., Dec. 20, 2010 /PRNewswire/ -- Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) today provided an update on the expected financial impact to the Company of The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (H.R. 4853) ("The Tax Relief Act"). The Company noted its previous disclosures stated that based on a number of factors, material cash payments for U.S. federal income taxes could be required in 2011. As a result of the passage of the Tax Relief Act, the Company is today revising its expectations for future federal income tax payments.
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..., an uptick in business travel, and a weak dollar that helped to attract tourists from Latin Americaa and Europe were all factors that increased optimism among industry players. In 2003, U.S. ind... of the National Car Rental System, while Thrifty Rent-A-Car System and Dollar Rent-A-Car System wer...Thriving as the Dollar Thrifty Automotive Group, Inc. and bolstered by Dollar's affiliation ...
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Dollar Thrifty taking for-sale sign down
TULSA, Okla. (AP) -- Car-rental company Dollar Thrifty Automotive Group Inc. is taking itself off the market after failing to get any acceptable takeover proposals from Hertz or anybody else.
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Dollar Thrifty Automotive Group Inc.'s directors on Monday unanimously recommended that Dollar Thrifty shareholders hold onto their shares in Hertz's proposed $2.25 billion buyout of the car rental company.
Last month Dollar Thrifty agreed to cooperate with Hertz to receive antitrust clearance for its bid, which includes $57.60 in cash and 0.8546 shares of Hertz common stock.
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TULSA - After months of negotiations, Avis Budget Group Inc. received word from the Federal Trade Commission about what it must do in order to merge with Dollar Thrifty Automotive Group Inc.
An Avis spokesman declined to comment either way on the possible FTC report.
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Dollar Thrifty Automotive Group Inc. on Tuesday raised its 2011 earnings forecast about 30 percent, or $60 million, before interest, taxes, depreciation and amortization, from the company's previous guidance range.
Dollar Thrifty cited lower fleet cost expectations and improving confidence in the upcoming summer rental season.
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Severe winter storms in January and February cut first-quarter profits for Dollar Thrifty Automotive Group Inc. compared to a year ago.
The Tulsa-based vehicle renting and leasing services provider reported Thursday that first-quarter profits dipped 39 percent to $16.5 million or 53 cents per share, compared to $27.3 million or 91 cents a share for the same period last year.
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Dollar Thrifty Automotive Group Inc. has signed a five-year call center outsourcing agreement.
PRC, based in Plantation, Fla., will provide Tulsa-based Dollar Thrifty with call center services including reservations and other customer support services.