Wellness

Hertz could file for bankruptcy as early as this weekend as the coronavirus pandemic crushes the car-rental industry

2 days ago   |   By Business Insider

George Rose/Getty Images
Hertz is preparing to file for bankruptcy this weekend after failing to reach an agreement with lenders, The Wall Street Journal reported Friday.
Hertz has around $19 billion in debt, including $4.3 billion in corporate bonds and loans as well as $14.4 billion of debt backed by their vehicles, according to The Journal.
The car-rental business has been decimated as the pandemic has ground travel to a halt, forcing Hertz's CEO to resign as the company missed lease payments and laid off 10,000 workers last month.
Hertz's stock plunged in after-hours trading following...
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The rise and fall of movie theaters - and how the coronavirus pandemic might change them

The rise and fall of movie theaters - and how the coronavirus pandemic might change them

2 days ago   |   By Business Insider

Noam Galai/Getty Images
Movie theaters as we know them have been around for more than a century.
However, the coronavirus pandemic has forced movie theaters nationwide to close or drastically change their policies in order to adhere to social distancing and public health and safety measures.
Hope still remains for Hollywood, though, as many of the summer's biggest blockbusters have yet to be postponed and drive-ins are seeing a surprising resurgence in popularity .
Visit Business Insider's homepage for more stories .
The movie theater industry has been around for over 100 years, but...
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