View highlights only
Filter
May 22, 2020 at 8:46 pm ET

Hertz Files for Bankruptcy

Hertz Global Holdings Inc. filed for bankruptcy protection Friday, saddled with about $19 billion in debt and nearly 700,000 vehicles that have been largely idled because of the coronavirus.

The company entered chapter 11 proceedings in a bid to survive a drop-off in business amid closures aimed at curbing the spread of the virus, and to avoid a forced liquidation of its vehicle fleet.

28365365体育投注Hertz becomes one of the highest-profile corporate defaults yet stemming from the coronavirus pandemic’s impact on American travellers. The fallout from Covid-19 has hit the rental-car companies doubly hard because their operations are reliant on two industries—automotive and travel—that have been pummeled.

Hertz, based in Estero, Fla., missed a lease payment last month and convinced creditors to wait until Friday evening before declaring a default. Creditors refused to grant another extension, people familiar with the matter said.

May 22, 2020 at 8:30 pm ET

Nevada Aims to Reopen Casinos June 4

Nevada Gov. Steve Sisolak said the state aims to reopen casinos on the Las Vegas Strip and elsewhere on June 4.

28365365体育投注Mr. Sisolak ordered casinos to close March 17 in response to the coronavirus pandemic, effectively shutting down the tourism industry, which is responsible, directly or indirectly, for one in three jobs in the state. The closures led to widespread furloughs and layoffs. On Friday, the Labor Department said Nevada’s unemployment rate is the highest in the country at 28.2%.

28365365体育投注Mr. Sisolak said the June 4 reopening date is contingent on Covid-19 trends and the results of a Nevada Gaming Control Board meeting scheduled for Tuesday. Gambling regulators are holding a public hearing on reopening plans including comments from public-health officials.

28365365体育投注Regulators have already limited casinos to 50% occupancy upon reopening and are requiring operators to implement social-distancing and cleaning measures. Operators will be faced with the challenge of attracting visitors in search of an escape in the midst of a socially distanced casino.

May 22, 2020 at 7:12 pm ET

What Is It Like to Reopen? Fitful, Divisive and Difficult

As U.S. states move to ease restrictions, scenes playing out across the country show that reopening will be fitful, divisive, and in some ways far more difficult28365365体育投注 than closing it down.

28365365体育投注Tensions are intensifying between those celebrating the end of shutdowns and those fearful of the virus’s reemergence, between those driven by economic desperation and those eager to resume a semblance of normalcy.

28365365体育投注At the Horny Toad restaurant in Cave Creek, Ariz., servers wore masks and gloves, tables were set 6 feet apart, and groups were limited to no more than 10. Diner John Vrooman said the extra effort for safety was fine, but in his view unnecessary.

“I don’t believe in masks,” he said. “I just don’t think that little piece of fabric over your mouth is going to do anything.

Patty Waldron's biggest challenge is when customers come into her cafe without masks and stride up to her counter. She doesn’t want to make other customers uncomfortable, so she tells them she can serve them outside. Some have told her that’s a violation of their constitutional rights.

“I’m not making a political statement here,” said Ms. Waldron, who wears a mask at work. “I’m just trying to follow the guidelines set for me. For those who want to be rebellious—I’m not trying to take your rights away.”

28365365体育投注The challenge is "reopening it in the right order, so that you don't make it worse," said Dan Stec, a Republican state assemblyman in northeast New York, which began lifting some restrictions this week.

28365365体育投注“I can’t help but think about ‘Jaws,’ ” said Mr. Stec. Amid public outrage, Amity Island officials opened the town’s beaches after a reported shark attack, with lethal cinematic repercussions. “I always felt for that mayor,” he said.

May 22, 2020 at 6:57 pm ET

Latest U.S. Virus News We're Following

President Trump called on governors to reopen the nation’s places of worship as essential services, after new CDC guidelines issued Friday laid out recommendations for houses of worship around social distancing, cleaning practices and using face covers. Mr. Trump said he would “override” any state leaders who don’t agree, but didn't say how he would do so. States have set their own rules in the crisis.

Coronavirus cases in Montgomery, Ala., are rising rapidly, up 35% in the past week to more than 1,050, and hospitals say they are running low on available intensive-care beds. Alabama on Friday further relaxed restrictions put in place to slow the virus's spread, allowing entertainment venues like arcades, theaters and bowling alleys to reopen. Gov. Kay Ivey said officials were closely watching the situation.

The Trump administration is reversing longstanding policies on the treatment of children and families who come into the U.S. illegally, citing laws and court rulings related to the coronavirus pandemic as reasons for changes it has long sought. The government has in recent weeks returned minors who cross the border alone to their home countries faster than before—sometimes in a matter of hours. It has also begun making parents decide whether their children should be released or held with them indefinitely in immigration detention, where coronavirus outbreaks have been common, according to court records, congressional staffers, immigration lawyers and advocates.

May 22, 2020 at 6:55 pm ET

Hotels Fund More Cleaning by Cutting Amenities

Hotel chains are performing a precarious budget balancing act as they scrap amenities to pay for more cleaning to rebuild consumer confidence shaken by the coronavirus pandemic and reverse steep declines in stays.

28365365体育投注Many—including franchise-run chains—are cutting amenities such as daily housekeeping visits, hot breakfast buffets and even complimentary soaps and lotions. The moves may help defray the costs of sanitizers, protective face masks and antiviral cleaning devices for individual hotel owners.

28365365体育投注“Lysol is the new luxury,” said Chekitan Dev, a professor in the hospitality school at Cornell University.

It is one thing for high-end hotels to start implementing “operating-room level” hygiene practices, but it is an entirely different challenge for large hotel franchises, which essentially operate as a network of small-business owners, to require a new set of brand standards, said Mr. Dev, who also is a hospitality industry consultant.