Hertz selects Chapter 11 exit plan backed by Centerbridge, Warburg, Dundon

© Reuters. The desk of car rental company Hertz is seen at Nice International airport (Reuters) – Hertz Global Holdings (OTC:) Inc said on Saturday it has selected an enhanced proposal from Centerbridge Partners, Warburg Pincus, and Dundon Capital Partners to provide the equity capital required to fund the car rental company’s exit from Chapter […]

Continue Reading

Trump Edges Toward Exit, Yellen Picked, API Data – What’s up in Markets

© Reuters. By Geoffrey Smith  Investing.com — Donald Trump effectively acknowledged defeat in the presidential election, although he continues to tweet defiance. Janet Yellen will be Joe Biden’s Treasury Secretary. and Chinese equities experience a speculative surge, while stocks are set to gain on confidence in the outlook for 2021. U.S. oil industry data on inventories […]

Continue Reading

Delta may avoid furloughs thanks to demand for early exit deal

© Reuters. FILE PHOTO: Delta Air Lines passenger planes parked in Birmingham By David Shepardson and Tracy Rucinski WASHINGTON/CHICAGO (Reuters) – Delta Air Lines (N:) may be able to avoid involuntary furloughs in the fall after receiving interest from more than 15,000 employees for early exit deals, one person with knowledge of the matter said. […]

Continue Reading

ECB stimulus appropriate, legitimate to think of exit: Weidmann

© Reuters. FILE PHOTO: German Bundesbank President Jens Weidmann arrives for the G7 Financial ministers meeting in the southern Italian city of Bari FRANKFURT (Reuters) – The European Central Bank's utra-loose monetary policy is “still appropriate in principle” but it is legitimate to discuss the timing of an exit as inflation recovers, Jens Weidmann, Germany's […]

Continue Reading