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Hertz has been in business for over 100 years.In May, the car-rental company filed for reorganization under Chapter 11 in bankruptcy court in Delaware.On Monday, Hertz announced in a press release that revenues were down 70% as it reported its second-quarter financial results."In the second quarter, like so many companies whose revenues have sharply declined due to the pandemic's significant impact on global travel, we had to make difficult but necessary decisions to strengthen and position the company for growth for many years to come," said Paul Stone, President and Chief Executive Officer of Hertz Global in the news release. "The toughest decisions have been those that impact the livelihood of our dedicated workforce and our voluntarily reorganizing under Chapter 11 in North America. We are moving through our reorganization process and remain focused on emerging an even stronger global rental car leader better positioned to serve our customers around the world."The parent company, Hertz Global Holdings, recorded revenue of 2 million, but with a net loss of 7 million.And with air travel impacted by COVID-19, the company said airport car rentals were down 82%.In the news release, the company said they saw a strong rebound in its used-car market in May and June, and they were able to "sell cars aggressively as we right-size the fleet to align with market realities.""We continue to make disciplined adjustments to our cost structure based on revenue fluctuations and expect to generate about .5 billion in annualized savings," said Stone in the release. "Our priority is fleet management. The continued strong used-car market allows us to continue to sell cars aggressively as we right-size the fleet to align with market realities. Across the business, our team is laser-focused on capturing revenue, driving efficiency, and advancing critical technology. In the U.S., we continue to capitalize on rental opportunities off-airport, while ensuring customer service levels remain best-in-class. Internationally, our fleet is trending toward demand levels. And our Donlen leasing business remains stable. Finally, continuing to keep our teams and our customers safe in this unpredictable environment is of utmost importance to everyone at Hertz." 2282

He's a "Voice" coach and a superstar. Now he's officially a heartthrob. Blake Shelton has been named the 2017 "Sexiest Man Alive" by People magazine.Shelton had a humble response to the news."Y'all must be running out of people," he told the publication. "Like, wow, we're down to somebody who is somewhat symmetrical." 327

Happy Bobby Bonilla Day, New York Mets fans.The former major league baseball player gets a check for nearly .2 million Mets every July 1.Not a bad retirement plan.Under his contract, he gets the check every year until 2035, when he'll be 72.The Mets wanted to part ways with Bonilla in 1999, but he still had million left on his contract.Mets owner Fred Wilpon negotiated a deal to defer payments until 2011, followed by the annual payments, plus, an 8% annual interest rate.Why the deferment?So the Mets could invest the money with now-disgraced financier Bernie Madoff for a big return.But it turned out Madoff was running the most notorious Ponzi scheme in history, and the Mets ended up among the victims.In total, Bonilla will end up with .8 million because of Wilpon's huge bad call.And in 2012, Wilpon paid 2 million to Madoff victims' fund after auditors found he actually profited from the Ponzi scheme. 931

GENEVA (AP) — The World Health Organization has an unwelcome but potentially life-saving message for the holiday season: Don’t hug. To stop the spread of the coronavirus, WHO’s emergencies chief, Dr. Michael Ryan, said Monday that the “shocking” rate of COVID-19 cases and deaths, particularly in the U.S., mean that people shouldn’t get too close to their loved ones this year. That means with or without a mask on. “The epidemic in the U.S. is punishing. It’s widespread," said Dr. Michael Ryan. "It’s quite frankly, shocking, to see one to two persons a minute die in the U.S. — a country with a wonderful, strong health system (and) amazing technological capacities,” he said.Dr. Ryan called the pandemic “brutal” in the U.S., which accounts for about a third of all COVID-19 cases globally. As of Tuesday morning, there were more than 67 million confirmed cases of coronavirus around the world since the pandemic started, and almost 15 million of those cases are in the U.S. There are just over 1.5 million deaths from COVID-19 around the world, and almost 285,000 of them are in the U.S. Maria Van Kerkhove, WHO’s technical lead on COVID-19, said most transmission happens among people who tend to spend a lot of time together sharing meals and indoor spaces, in workplaces or homes — but it’s sometimes hard to “disentangle” how exactly the virus was spread.Added Ryan: “It’s a horrible thing to think that we would be here as the World Health Organization saying to people, ‘Don’t hug each other.’ It’s terrible.” 1529

Here's what's happening in the world of politics Saturday, March 3, 2018.WaPo: Stormy Daniels almost called off hush-money payment-- Porn actress Stormy Daniels reportedly threatened to call off a non-disclosure agreement with President Donald Trump's lawyer weeks before the 2016 election, the Washington Post reported.Trump's legal counsel, Michael Cohen, agreed to pay the woman, whose real name is Stephanie Clifford, reportedly in exchange for silence over an alleged affair with Trump.The Post reported an email obtained from Clifford's lawyer, Keith Davidson, on Oct. 17, 2016, threatened to call off the agreement saying, "please be advised that my client deems her settlement agreement canceled and void."Read more.Trump concerns with Kushner entanglements, sources say-- The FBI's investigation by special counsel Robert Mueller into senior White House advisor Jared Kushner is becoming a source of concern for President Trump, sources tell ABC News.Advisors in the West Wing told ABC News privately the president has raised questions about Kushner's role and potential business ties and the impact it could have legally and on his presidency.In public, President Trump has remained vocal about his support for Kushner.Read more.Scaramucci say's he's banned from the White House-- Former White House communications director Anthony Scaramucci says he's been placed on the "banned" list for the White House.Scaramucci says he's now on the "administrative exclusion list," which prevents certain former staffers from entering without special permission, CNN reported.The White House reportedly first denied Scaramucci had been banned, but later confirmed the report.Read more. 1712