Zipcar, a popular service around univerisites and urban areas, which allows members to "borrow" a car for an hourly rate, which includes insurance and gas. Popular because of the flexability, especially when a car is not needed all the time. Zipcar hopes to enter into the NASDAQ using ZIP as their symbol, the company just filed for an IPO and it usually takes a few months before the stock becomes available to the public. There's no word yet on prices, but there is plenty of buzz regarding the company and what they can offer.
If you ever want to have publicly traded stock for you company the first step is to form a corporation, Zipcar was founded by two people in 2000 and have come a long way since their establishment only a decade ago.
Stocks were sent surging today due to a commitment from China regarding economic conditions in Europe. China went on record that it does not plan on selling any debts that it holds with some European countries. This news the sent all the major indices up significantly. The stock market has seen recent turmoil due to the uncertainty in the market due to Europe. Many countries have adopted austerity measure to help reduce its impact on debt. However many are still unconvinced that this may help. If the conditions in Eurpoe do not improve, the short lived recovery in the U.S. market could be in jeopardy.
The DOW had closed below 10,000 for the first time in months. Analysts had expected a floor at about 10,000 but weakness in the market sent the Dow down below 10,000 yesterday. The gains today erased losses for the week. The DOW closing above the psychological 10,000 mark bodes well for the stock market. Recovery overseas is essential to not derail the recovery happening in the U.S.
Analysts are predicting that volatility will be the norm because the conditions in Europe are going to take months to resolve.