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Enterprise Rent-A-Car to Acquire Vanguard Car Rental

ST. LOUIS--Enterprise Rent-A-Car has entered into a definitive agreement to purchase Vanguard Car Rental Group Inc. This transaction between two privately held companies is expected to close in the third or fourth quarter of 2007, contingent upon clearance under the Hart-Scott-Rodino Anti-Trust Improvements Act and other customary closing conditions.

The acquisition will join two rental car companies with very complementary businesses. St. Louis-based Enterprise's primary strength lies in the in-town and insurance replacement segments of the industry. Vanguard, based in Tulsa, operates the National Car Rental and Alamo Rent A Car brands, which serve the airport segment of the market. Capitalizing on the companies' assets in these different segments will allow for more efficient fleet utilization and enhance the combined companies' ability to offer low prices and quality service to all customers.

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Top Ten Ford and Lincoln Mercury Highlights for the Week of March ...

1. Ford Tops Repair Costs Survey : Ford and Lincoln Mercury vehicles earned a total of 10 best-in-class rankings in the National Highway Traffic Safety Administrations (NHTSA) 2007 Relative Collision Insurance Costs Report, which will be available in car dealerships on March 30, 2007. With eight top picks, the Ford brand was the most recognized brand. Toyota, by comparison, only earned two top picks. Nissan, Suzuki, Hyundai, Chrysler, Audi and Saturn failed to earn any.

The report compares differences in insurance costs for different makes and models of vehicles based on damage susceptibility. The findings are based on data compiled by the Highway Loss Data Institute. Ford and Lincoln Mercury nameplates earning top rankings include the Ford F-150, Ford F-250 Super Duty, Ford Focus, Escape Hybrid, Lincoln Town Car, Mercury Grand Marquis and Mustang GT convertible.

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What US Treasury Secretary really intends to do?

Ace investment banker from the Wall Street Henry M. Paulson has visited China in his capacity as the US treasury secretary. During his recent trip, he talked a lot about the reform in banking sector and confused differences in the basic concepts of the reform and opening-up. In his speech at Shanghai futures exchange, he said China needs to quicken reforms of financial sector, and the faster the reforms the better. And greater risks will be incurred if the reforms are postponed. In dealing with challenges facing China's banking sector, he also set forth three proposals, namely, "allowing Chinese banks to sell controlling stakes to foreign investors, increasing QFII quotas and loosening restrictions on the participation of foreign banks in the domestic capital market and health insurance sector.

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Nash tests injured right shoulder, eyes return

LAS VEGAS - It didn't seem like Steve Nash did much during the Western Conference All-Stars' practice Saturday, but to those following the injured Suns point guard, he did.

While the team ran through plays under the direction of the Suns coaching staff on one end, Nash took shots at the other hoop under the supervision of Suns head trainer Aaron Nelson. Nash also went through an array of drills to test his right shoulder with its most activity since a Feb. 5 game at Denver.

The shoulder did not feel 100 percent to Nash, but he said it has improved throughout the break. Though few rise early in Las Vegas, Nash has been getting up for 7 a.m. rehabilitation sessions with Nelson. Nash intends to practice Monday so that he can be cleared to play in the Suns' game Tuesday against the Clippers in Los Angeles.

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I love simple but elegant designs —Anosike

Like a good wine which takes years to mature, I had to keep in the lockers this interview with the new helmsman at Daily Times, Fidelis Anosike. And like a good wine, the interview has matured and is served you, my dear readers, on the rocks. Enjoy it.

Why did you relocate the office of Daily Times from its former site? It's not actually relocation per se. You know when you acquire business, there is one thing that you don't do. You don't pour new wine into an old wineskin. You need to step back and reconstruct and regain transformation. It is not basically compulsory that where your business was located before is where you have to continue. If you remember, Daily Times started from Labinjo Close, from Labinjo Close to Kakawa and from Kakawa Street it moved to Agidingbi and that's a long time ago.

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Stolen cars end up in an $80 million market

Upmarket vehicles stolen to order are often stripped down for parts or repainted in elaborate back-street "chopshops".

Police car theft expert Mark Leys, of Papatoetoe, said he hadn't heard of a rental car company being hit in the way Hamilton's Avis was hit this week.

"We've previously had haulage yard break-ins and for a while there we had problems at the wharf at the clearing yard for Japanese imports," he said.

"We don't get too many late-model Commodores taken but a common thing for thieves to do is to strip them down to a shell, then when the insurance company writes them off, buy the shell, refit it and then have a clean, new car."

Of the 7227 cars stolen and not recovered last year, 6179 are thought to have been stolen by professionals who cut them down and changed identification numbers.