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Hertz could file for bankruptcy as early as this weekend as the coronavirus pandemic crushes the car-rental industry (HTZ)

George Rose/Getty Images Hertz is preparing to file for bankruptcy this weekend after failing to reach an agreement with lenders, The Wall Street Journal reported Friday.....»»

Category: topSource: businessinsiderMay 22nd, 2020

Hertz files for bankruptcy as the coronavirus pandemic crushes the car-rental industry (HTZ)

George Rose/Getty Images Hertz filed for bankruptcy Friday night after failing to reach an agreement with lend.....»»

Category: topSource: businessinsiderMay 22nd, 2020

Hertz files for bankruptcy protection

Car rental company Hertz filed for bankruptcy protection after its business was decimated during the coronavirus pandemic. Conway G. Gittens has the details......»»

Category: videoSource: reutersMay 23rd, 2020

Hertz files for U.S. bankruptcy protection as car rentals evaporate in pandemic

The more than a century old car rental firm Hertz Global Holdings Inc filed for bankruptcy protection on Friday after its business all but vanished during the coronavirus pandemic and talks with creditors failed to result in needed relief......»»

Category: topSource: reutersMay 22nd, 2020

Neiman Marcus, J. Crew, and True Religion are among the first US retailers to file for bankruptcy as the pandemic takes its toll. Here"s the full list so far.

Andrew Harnik / AP Images Some of the country's biggest retailers are starting to fail and file for bankruptcy as the coronavirus pandemic continues to decimate the industry. .....»»

Category: topSource: businessinsiderMay 7th, 2020

Hertz prepares to file for bankruptcy, stock tanks

Car-rental ridership is plunging amid the Covid-19 pandemic and the broad economic pullback, touching off a cash burn at Hertz.....»»

Category: topSource: foxnewsMay 4th, 2020

J. Crew could file for bankruptcy this weekend

The New York-based retailer had already been struggling under a heavy debt load and a sales slump amid criticism it fell out of touch with its once-loyal customers. The coronavirus pandemic has worsened its woes.....»»

Category: topSource: moneycentralApr 30th, 2020

Hertz’s stock rockets off record low but remains a fraction of pre-bankruptcy prices

Shares of Hertz Global Holdings Inc. doubled on heavy volume Wednesday, but retraced only a fraction of what they lost after the car rental company declared bankruptcy ahead of the long weekend......»»

Category: topSource: marketwatchMay 27th, 2020

Hertz, slammed by coronavirus, to continue under bankruptcy protection. ‘No business is built for zero revenue.’

Starting in mid-March, Hertz — whose car-rental bands also include Dollar and Thrifty — lost all revenue when travel shut down due to the coronavirus. The company couldn’t rais.....»»

Category: topSource: chicagotribuneMay 26th, 2020

Hertz Files For Bankruptcy As Lockdowns Crush Rental Car Industry

Hertz Files For Bankruptcy As Lockdowns Crush Rental Car Industry Tyler Durden Sat, 05/23/2020 - 09:32 As if 44,354 Robin Hood traders suddenly cried out in terror and were suddenly sile.....»»

Category: worldSource: nytMay 23rd, 2020

Hertz shares tank as it prepares for bankruptcy as soon as this weekend

Hertz Global Holdings Inc. is preparing to file for bankruptcy as soon as this weekend after failing to reach a standstill agreement with top lenders......»»

Category: topSource: foxnewsMay 22nd, 2020

Hertz could file for bankruptcy as soon as this weekend

Hertz Global Holdings Inc. is preparing to file for bankruptcy as soon as this weekend after failing to reach a standstill agreement with top lenders......»»

Category: topSource: foxnewsMay 22nd, 2020

Hertz posts wider Q1 loss after "major" coronavirus business disruption

Shares of Hertz Global Holdings Inc. fell late Monday after the car rental company posted a wider-than-expected first-quarter loss, saying that results were "significantly impacted by COVID-19 pandemic." Hertz said it lost $356.....»»

Category: topSource: marketwatchMay 11th, 2020

Plunge in car sales sparks new push to aid auto industry

A precipitous decline in car sales amid the deadly coronavirus pandemic has caught the attention of Capitol Hill, where some lawmakers are issuing early calls for Congress to authorize new aid to the auto industry......»»

Category: topSource: moneycentralMay 6th, 2020

A massive drop in car sales sparks new push in Congress to aid the auto industry

A precipitous decline in car sales amid the deadly coronavirus pandemic has caught the attention of Capitol Hill, where some lawmakers are issuing early calls for Congress to authorize new aid to the auto industry......»»

Category: worldSource: nytMay 6th, 2020

Industry looks to feds as renters stage strike

The Real Estate Board of New York is calling on the federal government to launch an emergency rental assistance program that would help both tenants and property owners fighting financial ruin during the coronavirus pandemic. â.....»»

Category: realestateSource: realestateweeklyMay 4th, 2020

Offshore oil driller Diamond files for bankruptcy after OPEC-Russia price war, coronavirus outbreak

The Houston-based contract driller said it sought chapter 11 protection after the downturn in the offshore-drilling industry "worsened precipitously" because of the oil-price war between the OPEC countries and Russia along with the COVID-19 pandemic......»»

Category: topSource: foxnewsApr 26th, 2020

Exclusive: Hertz taps debt restructuring advisers as car rental demand evaporates, sources say

Hertz Global Holdings Inc is working with debt restructuring advisers to explore options for shoring up its finances after the coronavirus pandemic killed demand for car rentals, people familiar with the matter said on Thursday......»»

Category: topSource: reutersApr 23rd, 2020

Coronavirus forces Hertz to lay off 10,000 employees

The travel industry is struggling as Americans stay at home during the pandemic......»»

Category: topSource: foxnewsApr 20th, 2020

U.S. car rental company Hertz to lay off 10,000 staff on coronavirus hit

U.S. car rental company Hertz Global Holdings Inc said on Monday it plans to lay off 10,000 employees across its North America operations to cut costs amid the economic fallout of the COVID-19 pandemic......»»

Category: topSource: reutersApr 20th, 2020

Neiman Marcus to file for bankruptcy as soon as this week: sources

The coronavirus pandemic forced it to temporarily shut all 43 of its Neiman Marcus locations and furlough many of its roughly 14,000 employees......»»

Category: topSource: foxnewsApr 19th, 2020