Industry
Avis Budget to Drive Zipcar in U.S. Car-Sharing Market
With rise in demand for car-sharing services in the U.S., Avis Budget Group Inc. has decided to buy out car-sharing company Zipcar Inc. for estimated $500 million.
Al Jazeera Buys Current TV, Expands U.S. Presence
Qatar-based cable news channel Al Jazeera has reportedly taken over U.S.-based news and opinion channel Current TV for estimated at $500 million.
ArcelorMittal to Hive off 15% in Canadian Iron Ore Unit
Sustained economic crisis in Europe has pushed ArcelorMittal into deeper debt, prompting the steel major to hive off 15 percent of its stake in ArcelorMittal Mines Canada.
Judge Rejects Part of Apple App Store Suit vs. Amazon
A U.S. judge on Wednesday rejected part of Apple Inc's lawsuit against Amazon.com Inc's use of the term App Store, ruling Apple cannot bring a false advertising claim against the online retailer.