Hertz files for a new IPO
CNN
Hertz is going public again. The rental car company, which filed for bankruptcy early in the pandemic and emerged on June 30, has filed paperwork with the Securities and Exchange Commission for an initial public offering.
The rental car company, which filed for bankruptcy early in the pandemic and emerged on June 30, has filed paperwork with the Securities and Exchange Commission for an initial public offering.
The company signaled its plans for the IPO in August when it reported second quarter financial results, including revenue that was nearly back to pre-pandemic levels and an operating profit stronger than before the pandemic. It also had a net loss of $168 million brought about by $633 million of reorganization expenses.
Pete Buttigieg is expected to forgo a run for Michigan’s open US Senate seat in 2026, according to two people familiar with the former transportation secretary’s plans, setting up a potential presidential bid in 2028.
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An explosion on the Texas Tech University campus in Lubbock set off fires and power outages Wednesday, leading school officials to issue evacuation orders for several buildings and cancel classes for the rest of the week.
Tim Walz is headed back out on the road – this time, for a tour of House districts represented by Republicans, some of whom have stopped holding town halls amid the raucous receptions their colleagues have gotten across the country.
Ecuadorian President Daniel Noboa has announced a “strategic alliance” to fight organized crime with Erik Prince, the founder of the controversial private defense contractor formerly known as Blackwater.
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Indian authorities have arrested a Lithuanian man wanted by the US for allegedly running a $96 billion cryptocurrency exchange that allowed terrorist organizations, drug traffickers and cybercriminals to launder money.
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