Advertisements


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 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

Tuesday Morning files for Chapter 11 bankruptcy, discloses plan to close Austin store

Tuesday Morning Corp. has filed voluntary petitions for protection under Chapter 11 bankruptcy, in response to the strain of the Covid-19 pandemic and related store closures have put on the company, a news release shows. The Dallas-based home goods off.....»»

Category: topSource: bizjournalsMay 27th, 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

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

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

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

Luxury retailer Neiman Marcus files for bankruptcy

Neiman Marcus Group filed for bankruptcy protection on Thursday, marking one of the highest-profile collapses yet among retailers forced to temporarily close stores in response to the COVID-19 pandemic. Freddie Joyner has more......»»

Category: videoSource: reutersMay 7th, 2020

Luxury retailer Neiman Marcus files for bankruptcy amid COVID-19 pandemic

Neiman Marcus Group filed for bankruptcy protection on Thursday, marking one of the highest-profile collapses yet among retailers forced to temporarily close stores in response to the COVID-19 pandemic......»»

Category: topSource: reutersMay 7th, 2020

J. Crew files for bankruptcy as virus batters retail

J. Crew Group filed for bankruptcy protection on Monday with a plan to hand over control to lenders, adding to a list of brick-and-mortar retailers pushed to the brink by widespread store closures in response to the COVID-19 pandemic......»»

Category: videoSource: reutersMay 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

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

J. Crew files for bankruptcy as preppy retailer succumbs to COVID-19 fallout

J. Crew Group Inc filed for bankruptcy protection on Monday with a plan to hand over control to lenders, adding to a list of brick-and-mortar retailers pushed to the brink by widespread store closures in response to the COVID-19 pandemic......»»

Category: topSource: reutersMay 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

Billionaire Icahn exits Hertz with "significant" loss after bankruptcy filing

 Billionaire investor Carl Icahn, who was the largest shareholder in Hertz Global Holdings Inc, unloaded his entire stake in the rental car company at a "significant loss" days after it filed for bankruptcy protection......»»

Category: topSource: foxnewsMay 28th, 2020

Billionaire Icahn exits Hertz with "significant" loss after bankruptcy filing

Billionaire investor Carl Icahn, who was the largest shareholder in Hertz Global Holdings Inc, unloaded his entire stake in the rental car company at a "significant loss" days after it filed for bankruptcy protection......»»

Category: topSource: reutersMay 27th, 2020

Carl Icahn exits Hertz with "significant" loss

Billionaire investor Carl Icahn said on Wednesday he had sold his entire equity position in Hertz Global Holdings Inc at a "significant loss", days after the car rental pioneer filed for bankruptcy protection......»»

Category: topSource: reutersMay 27th, 2020

LATAM becomes biggest airline victim of crisis

LATAM Airlines Group, the continent's largest carrier, filed for U.S. bankruptcy protection on Tuesday (May 26), becoming the world's largest carrier so far to seek an emergency reorganization due to the coronavirus pandemic. Francis Maguire reports......»»

Category: videoSource: reutersMay 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 awards over $16 million in retention bonus to key executives

U.S. car rental company Hertz Global Holdings said on Tuesday it has paid about $16.2 million in retention bonuses to a range of key executives at the director level and above, days after the company filed for bankruptcy protection......»»

Category: topSource: reutersMay 26th, 2020

LATAM becomes largest airline yet driven to bankruptcy by coronavirus

Chile's LATAM Airlines Group filed for U.S. bankruptcy protection on Tuesday, becoming the world's largest carrier so far to seek an emergency reorganization due to the coronavirus pandemic......»»

Category: topSource: reutersMay 26th, 2020