Hertz Global Holdings is preparing to file for bankruptcy as soon as Friday night after failing to reach a standstill agreement with its top lenders, the Wall Street Journal reported, citing people familiar with the matter.
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.
A group of U.S. agencies on Friday asked the Federal Communications Commission (FCC) to reconsider its unanimous April 22 decision to allow Ligado Networks to deploy a low-power nationwide mobile broadband network, saying it could pose a threat to global positioning systems (GPS).
A group representing some of the largest U.S. employers has asked Congress for a year-long ban on mergers and acquisitions among hospitals and doctors groups that received government money to cope with the effects of the COVID-19 pandemic.
The U.S. Transportation Department said late Friday it had granted tentative approval to 15 airlines to temporarily halt service to 75 U.S. airports because of the coronavirus pandemic.
Prime Minister Boris Johnson is planning to reduce Chinese telecoms equipment maker Huawei Technologies Co Ltd's involvement in Britain's 5G network in the wake of the coronavirus crisis, the Daily Telegraph newspaper reported.
Organizers said Friday they were cancelling the 2020 New York auto show that had previously been pushed back until August, citing the ongoing coronavirus pandemic and the venue's use as a field hospital.
A group representing many major automakers on Friday said it was intervening in a lawsuit that says the Trump administration did not go far enough in weakening - but not freezing - Obama administration standards to revise fuel economy standards.
The U.S. Transportation Department said late Friday it had granted tentative approval to 15 airlines to temporarily halt service to 75 U.S. airports because of the coronavirus pandemic.
Hedge funds concentrated their portfolios even further into growth stocks including Amazon.com and Microsoft in the first quarter of 2020 as the COVID-19 pandemic pummeled U.S. markets, Goldman Sachs analysts said in a report.
