Carnival Cruise Line on Monday announced a partial return to North American cruising for eight of its vessels on Aug. 1. The resumption would be just several days after the Centers for Disease Control's current no sail order is set to expire. The eight vessels would operate out of the home ports of Miami, Port […]...
(Bloomberg) -- Hertz Global Holdings Inc. is preparing to file for bankruptcy Tuesday if the company fails to rework its debt and can’t get lenders to extend a grace period on a missed payment.The rental-car company has been talking with some of its creditors about how to ease its burden without going through bankruptcy, but negotiations have been a struggle and the company is preparing to file for Chapter 11 court protection, according to people with knowledge of the matter.The situation is fluid and a filing isn’t definite, said the people, asking for anonymity to discuss the confidential talks. A representative for Hertz didn’t return an email and calls seeking comment. The company’s shares plunged by as much as 36% to $2.31 before the start of regular trading.A Chapter 11 filing would permit Hertz to stay in business while it works out a plan to pay its creditors and turn the...
