by Troy S. Mason | May 24, 2020 | Business News
Hertz filed for bankruptcy protection Friday, unable to withstand the coronavirus pandemic that has crippled global travel and with it, the heavily indebted 102-year-old car rental company’s business. The Estero, Florida-based company’s lenders were unwilling to grant it another extension on its auto lease debt payments past a Friday deadline, triggering the filing in U.S. […]
by Troy S. Mason | May 20, 2020 | Business News
Home goods retailer Pier 1 Imports said Tuesday it is seeking bankruptcy court approval to wind down its business entirely after it was not able to find a buyer due to the coronavirus pandemic. The company said in a press release that it plans to sell its inventory...
by Troy S. Mason | May 15, 2020 | Business News
WASHINGTON — At the direction of the White House, the Department of Homeland Security has sent recommendations for further restricting legal immigration during the COVID-19 pandemic, according to one former and two current administration officials. Among the...
by Troy S. Mason | May 13, 2020 | Business News
The airline industry is having an “apocalyptic” moment that could force a major U.S. carrier out of business, said David Calhoun, president and CEO of Boeing, in an interview with Savannah Guthrie on NBC’s “TODAY” show that aired on...
by Troy S. Mason | May 2, 2020 | Business News
Many states began reopening their economies Friday, allowing more people to get back to work and giving them more opportunities to get out of their homes as governors eased coronavirus restrictions. Business owners cautiously welcomed the relaxation of rules amid an...
