Hints and tips:
...At a rate of 14.6 per cent, Carlyle’s loan is a juicy yield play that comes as private capital firms push into corporate lending by making large loans to companies such as Carvana, Hertz and Albertsons....
...Twitter did not make its first interest payment, it would join a small but notorious club of companies dubbed “NCAA” by debt traders — short for “no coupon at all” — that includes US car rental company Hertz...
...If Twitter doesn’t make its first interest payment, it would join a small but notorious league of companies dubbed “NCAA” by debt traders — short for “no coupon at all” — including US car rental company Hertz...
...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....
...launches bid to elevate minority-owned firms with $1.3bn deal (FT) Investment firm files Finra arbitration demand against Morgan Stanley (Wall Street Journal) Polestar to sell 65,000 electric cars to Hertz...
...The comeback of Hertz A year ago to almost this very day, Hertz shares traded at roughly $5 a piece. Today they are approaching $8. That three dollar surge is more remarkable than you may think....
...(FT) News round-up Patrick Drahi to net big payday from Sotheby’s $300m bond deal (FT) Hertz shareholders win big in bankruptcy auction (FT) FirstGroup’s biggest shareholder attacks company for bungling...
...resource roots (FT) Tribune says Swiss billionaire Wyss walks away from buyout bid (Reuters) HSBC top brass forced to hot desk as HQ scraps executive floor (FT) Robinhood traders might have had a point on Hertz...
...An early sign of that came with car hire company Hertz — its shares jumped 800 per cent at one point last June after it filed for Chapter 11 bankruptcy protection....
...In 2020, it was Tesla, the electric vehicle SPACs and bankrupt Hertz. Last month it was Bitcoin. This month it’s GameStop. Next month it might take the form of bearish bets on any of the names above....
...(FT) News round-up Wall Street broker BGC Partners takes legal action over alleged $35m theft (FT) Merck to manufacture Johnson & Johnson vaccine (FT) Hertz receives $4.2bn rescue offer in effort to...
...Take Hertz and AMC for example: both companies were squashed by stay-at-home-orders, but only one was able to sell its stock to stay afloat. The difference is in the paperwork....
...The list includes high-profile collapses such as JC Penney, Hertz and Neiman Marcus; companies squeezed by the energy downturn such as Whiting Petroleum; and smaller groups where revenues have been hit by...
...News Corp’s HarperCollins has long sought to strengthen its position....
...“We’ve also brought on board Kirk Shryoc as our interim Chief Financial Officer, and Tom Kennedy — who brings valuable industry and financial experience from Hertz and Hilton Worldwide — as senior advisor...
...Hertz shares are down 7 per cent so far this year....
...Their statements followed a social media campaign to boycott brands with NRA partnerships that had prompted similar moves from car rental brands including Avis, Enterprise and Hertz, hoteliers Best Western...
...That has left the government powerless to become involved in another controversial transaction: State Grid of China Corp’s attempt to buy a 20 per cent stake in 50 Hertz, a German electricity grid operator...
...He believes that organisations with people from diverse backgrounds are stronger, and he has previously advocated for change at Hertz, Walgreens and United Airlines....
...Net income at Hertz plunged to $42m during the September quarter, compared with the $237m recorded during the prior year period....
...Jana has previously driven activist campaigns pushing for corporate change at American car rental company Hertz and supermarket chain Safeway....
...The legal team at publisher Hearst Corporation is currently training and coding a machine learning tool named Charlotte....
...Hertz shares rose 6 per cent to $22.55 after Carl Icahn, the rental car company’s largest shareholder, raised his stake in the company to 11.3 per cent from 10.7 per cent....
...Hertz shares gained 6 per cent to $21.39 after activist investor Jana Partners announced that it had boosted its stake in the car rental company to 7 per cent from 1.3 per cent....
...Shares in Hertz fell 1 per cent to $30.10 after a choppy day of trading the day before....
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