Hints and tips:
...Stephen Scherr has stepped down as chief executive of car rental chain Hertz....
...Corporate earnings: Car rental group Hertz, Spirit Airlines, Royal Caribbean Cruises and private equity firms KKR and Carlyle Group report earnings before the opening bell....
...Corporation tax is a tax on investment not on shareholders, corporation tax revenue should be reduced to zero....
...Car rental company Hertz is an eager buyer of electric, with 100,000 Teslas on order and news today that it will purchase 65,000 cars from Swedish electric-car maker Polestar over the next five years....
...Marblegate, based in Connecticut, focuses on middle-market companies that are smaller than some of the big names synonymous with fallout from the pandemic, such as car-rental company Hertz or theatre chain...
...It’s a question that was recently asked by a trade union leader in Germany, where there has been a push to seize corporate-owned rental units and put them in public ownership....
...The government reaffirmed its intention to hold revaluations every three years rather than every five, making the system more responsive to changes in rental market conditions....
...Even wayward companies such as Tribune and Hertz have become the subject of bidding wars. The existing equity of the battered car rental company may even be worth something as a result....
...The company’s shares got a boost after rental group Hertz said it had ordered 100,000 Tesla Model 3 sedans to electrify its fleet. More here....
...One way to broadly estimate it is to look at the growth of sensors measuring and collecting data in industrial equipment, vehicles and other internet-connected devices....
...Rental car mainstay Hertz Corporation is learning the hard way what happens when both bets go sour. On Friday night, Hertz filed for chapter 11 bankruptcy citing $19bn in total debt....
...At Hertz, the car rental company then known for its pioneering computerised booking system, executives realised that transport companies would inevitably be among the first casualties....
...Some years before it plunged into bankruptcy, Hertz made one of many mis-steps that drove away custom and ultimately contributed to the car rental firm’s demise....
...Hertz: buyer beware The last time we visited rental car company Hertz, things were getting a little out of hand....
...Rising mortgage rates (and a potential shortage of rental units) will add significantly to the cost of living for households across the income spectrum....
...What then will Francis make of news that the same Vatican-controlled pot of money also bought investment products that contained derivatives betting on the fortunes of the US car rental company Hertz, which...
...HOLD: Ashtead (AHT) The long-term structural drivers remain in place, with the swing from equipment ownership to rental perhaps even accelerating going forward, writes Mark Robinson....
...Airbnb has reshuffled its top management with Greg Greeley set to step down as president of Homes, the company’s core accommodation rental business, two years after being recruited from Amazon....
...The ECJ ruling is a major blow to thousands of corporations, including social media companies, banks, law firms, conglomerates and carmakers....
...PG&E Corporation filed its Chapter 11 plan in early September having found itself with a $30bn liability after accidentally setting a lot of California on fire....
...While the LKE deferral would get cut, companies could also write off new equipment, which might offset the cost (if it applies to rental-car fleets)....
...Under pressure from activist investors Hertz moved to spin off its truck and construction equipment rental business in 2014....
...Fast-forward to 2011 and Bose, by now the owner of hugely successful audio equipment corporation, signed his company over to MIT so that it could continue to invest in research, and put ideas before profit...
...Unibail-Rodamco, the largest commercial property company in Europe, buying Westfield Corporation for $24.7bn. Now that is property dealmaking....
...For Ashtead, the US-focused equipment hire group, it seems there is no such thing as an ill wind – either literal or metaphorical....
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