, as the coronavirus pandemic brings nearly all travel to a standstill.
People familiar with the matter told the paper that Hertz is working to reduce its debt payments and is in talks on a forbearance agreement that could help it avoid bankruptcy. The situation remains fluid, according to the Journal's sources.Shares of Hertz declined more than 15% in trading Wednesday, as broader indices rose, following The Wall Street Journal's report.
Ryan Brinkman, an analyst at JPMorgan, theorized on April 23 that government assistance could help Hertz remain solvent. "We do think a potentially large amount of cash could be made available to Hertz from the federal government, potentially solving any liquidity concerns, although we are also uncertain with regard to the terms," he said in a note to clients.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Uber CTO resigns as company reportedly considers 5,400 job cuts - Business InsiderUber's top engineer is leaving the ride-hailing giant as the coronavirus throws its core taxi business into turmoil
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »
Large companies returning their small business loans amid backlash - Business InsiderPublicly traded companies are now required to return loans under the Paycheck Protection Program. Private ones like Sweetgreen are returning them too. Damn right
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »
Lincoln scraps plans to develop first EV with Tesla rival Rivian - Business InsiderLincoln told Business Insider its Rivian partnership is still on, and that the company plans to use Rivian's 'skateboard' platform on another model. Consumer are grateful! Competition fairerprices One step forward, but Ford lost its focus... ✅ICE Cars ✅ Hybrids ✅ Plug-ins ✅ EVs ❌ Rivan partnership Really tough to be all the things.
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »
Juul is reportedly planning to cut one-third of its staff - Business Insider'As part of our ongoing reset, we are constantly evaluating our operations and the best way to position our company for the long term,' Juul said. Hey Juul, don't make it bad...
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »
Apple's retail chief reportedly said many more stores will open next month - Business InsiderIt's unclear which stores Apple plans to reopen, but retail exec Deirdre O'Brien previously suggested that US locations could start reopening in May. Cool Yes!!!!! And then only two opened
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »
Business Insider's best investing stories of April 2020 - Business InsiderThe definitive list of the best investing stories published by Business Insider in April 2020 — from A-list recommendations to top stock picks.
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »