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...[MUSIC PLAYING] Sonja Hutson The rental car company Hertz has been going through a lot lately. Its CEO abruptly resigned after just two years on the job....
...car rental agency Hertz and HD Supply, a supplier to Home Depot....
...If 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...
...Corporate results Car rental group Hertz, Spirit Airlines, Royal Caribbean Cruises and private equity firms KKR and Carlyle Group report earnings before the opening bell....
...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...
...The group’s demand estimate of 102mn b/d for 2023, also down slightly, would still be a jump of another 2.3mn b/d....
...Still, a $4.2bn order will likely buy Hertz lot of spare service capacity from Elon Musk’s car company. Or so you’d think. What’s the stonk of all stonks doing?...
...The pandemic continues but the rental car industry’s fortunes have reversed....
...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....
...Avis Budget shares have surged to a record high amid frenzied trading on Tuesday after the vehicle rental company said it would move to electrify its fleet....
...As of Wednesday, the fund was allowed to sell down its position in the car rental group, should it wish, after a blackout period for insiders was lifted....
...Knighthead recently made a roaring gain from the car rental firm Hertz’s escape from bankruptcy so they seem an appropriate patron for C&K in its hour of need....
...Fortunately, the upper echelons of society have discovered a way to enjoy the delights of a car boot sale — rebrand it as a French “brocante”....
...) HSBC top brass forced to hot desk as HQ scraps executive floor (FT) Robinhood traders might have had a point on Hertz (FT Opinion) EG Group buys restaurant chain Leon for £100m (FT)...
...The day ahead Hertz courtroom auction A bidding war for the bankrupt car rental group will reach its end-game when rival private equity bidders square off for an auction in federal bankruptcy court today...
...The obvious one is that ecommerce offers a storybook ending, while brick-and-mortar is a recipe for tragedy. But discount operations Primark, Aldi, B&M and others impinge on that generalisation....
...or buy a car....
...some defaults, including car rental company Hertz....
...S&P on Tuesday placed both Hertz (rated B+) and Avis (rated BB) on credit watch negative....
...Bonds from US car-rental company Hertz have been smashed, with yields on its longer-dated bonds hitting 10 per cent....
...— but that estimate assumed we’d first take the car to a mechanic for a pre-sale facelift....
...on the rental car canary in the coal mine — FT AlphavilleUber, the urban planner — FT Alphaville...
...Rental car companies have struggled to right their businesses as rental care rates have slipped amid the rise of ride-hailing apps like Uber and Lyft, which also let their customers pool their rides....
...We thought we'd turn our attention to a corner of that expanse, $23bn worth of investment properties....
...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...
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