Day: June 15, 2020

Hertz Seeks Permission to Sell New Shares Amid Bankruptcy

Hertz World wide has requested a bankruptcy judge to approve a offer to provide up to 246.eight million unissued shares, up to $one billion, to Jefferies even as impending liquidation threatens to wipe out their value.

Hertz shares jumped to as superior as $5.fifty three soon after the filing right before falling to less than $three by Friday afternoon. The stock closed at 56 cents on Might 22.

“The recent market place prices of and the buying and selling volumes in Hertz’s typical stock most likely current a distinctive opportunity for the debtors to increase capital on terms that are

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Lululemon Shares Fall on Steep Sales Drop

Lululemon shares dipped on Friday following the athletic don retailer noted that quarterly income fell seventeen% inspite of a surge in on the internet business.

In accordance to Barron’s, investors’ hopes were being substantial going into the initially-quarter earnings report, with “plenty of analysts … touting the company’s skill to reward from the [coronavirus] pandemic, as consumers emphasis on overall health and wellness (and indulge in donning yoga pants whilst performing remotely).”

“Although at minimum one particular analyst upbeat about the stock warned income could occur in gentle, some have stated it will be a lengthy-phrase retail winner, and could

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Coronavirus Hits Peru Hard Despite Strict Lockdown

LIMA, Peru—This region carried out a single of the Western Hemisphere’s strictest lockdowns to gradual the coronavirus pandemic, but the measures weren’t obvious in April as throngs of women jostled all around Katherine Rivera’s little chicken stall.

They ended up all obtaining food stuff on a single of the number of days authorized immediately after President Martín Vizcarra, in an work to maintain men and women mainly indoors, purchased that women and adult men could leave their houses only on alternating days of the week, with no a single leaving Sundays. The end result was massive crowds of women,…

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France’s Macron Seeks to Turn Page on Coronavirus

PARIS—French President Emmanuel Macron declared an initial victory above the coronavirus as he sought to shift France’s battle with the illness from the country’s hospital wards to the educational facilities, places to eat and other businesses on the front strains of the pandemic’s financial fallout.

In a televised address Sunday, Mr. Macron mentioned he would speed up the timetable for lifting the remaining lockdown constraints in a bid to get France’s economic climate back on its ft. On Monday, the govt will reclassify the Paris location as a so-known as…

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In Germany, a Smorgasbord of Causes Results in One Vast Protest March

BERLIN—Tens of thousands of protesters took to the streets throughout Germany on Sunday, with demands such as greener procedures, immigration legal rights, animal legal rights, racial justice and solidarity with the Black Life Make a difference motion.

The marches were being the hottest in a string of demonstrations that have risen in frequency and measurement considering the fact that the commencing of the coronavirus pandemic—starting prior to the killing of George Floyd sparked a worldwide wave of protest versus racism and police violence.

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