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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 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 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

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

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

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

South America’s Latam Airlines, partially owned by Delta, files for bankruptcy protection

Latam Airlines, South America’s biggest carrier, sought U.S. bankruptcy protection Tuesday as it grapples with the coronavirus pandemic. The Chapter 11 bankruptcy filing underscores the severity of the financial challenges facing the travel ind.....»»

Category: topSource: chicagotribuneMay 26th, 2020

J.C. Penney files for bankruptcy protection, becoming the latest — and biggest — retail casualty of the coronavirus pandemic

The coronavirus pandemic has pushed troubled department stor.....»»

Category: topSource: chicagotribuneMay 16th, 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

The Wall Street Journal: Colombian airline Avianca files for Chapter 11 bankruptcy

Colombian airline Avianca Holdings SA filed for bankruptcy protection in the U.S. as travel restrictions curtail flights and the company vies for public assistance from the Colombian and other governments to endure the coronavirus pandemic......»»

Category: topSource: marketwatchMay 10th, 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

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

Gold"s Gym files for Chapter 11 bankruptcy protection amid coronavirus closings

The parent company of Gold's Gym filed for Chapter 11 bankruptcy protection Monday as the coronavirus pandemic wreaks havoc on the compa.....»»

Category: topSource: usatodayMay 4th, 2020

U.S. Retailer J. Crew Files for Bankruptcy as Sales Flag Amid Pandemic

(Bloomberg) — J. Crew Group Inc. filed for bankruptcy, unable to revive flagging sales of its preppy clothing line amid the coronavirus pandemic and crushed by debt rooted in a long-ago leveraged buyout. The retail chai.....»»

Category: topSource: timeMay 4th, 2020

J. Crew files for bankruptcy, the first major retailer pushed over the brink by the coronavirus pandemic

Mike Segar/Reuters J. Crew filed for Chapter 11 bankruptcy on Monday. The company said it had reached an agreement with its lenders to convert about.....»»

Category: topSource: businessinsiderMay 4th, 2020

J. Crew files for bankruptcy, the first national retail casualty of the coronavirus pandemic

A series of missteps, in both fashion and finance, left the onetime mall darling with stalling sales and huge debt......»»

Category: topSource: washpostMay 4th, 2020

The Wall Street Journal: J.Crew files for bankruptcy protection, reaches debt-swap deal

J.Crew Group Inc., the preppy U.S. retailer that recently fell on hard times, Monday filed for bankruptcy protection, as several high-profile companies in the U.S. battle with the economic and financial impact of the coronavirus pandemic......»»

Category: topSource: marketwatchMay 4th, 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