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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

Hershey's chocolate is about to get more expensive.The candy company is planning to raise the prices of a fifth of its products by about 2.5%, Hershey reiterated on Thursday. The changes will go into effect next year.One of many companies getting squeezed by rising commodity and shipping costs, Hershey hopes higher prices will offset those costs without scaring away customers.Hershey (HSY) first said that it would raise prices over the summer, citing rising operational costs. "Our new pricing approach is much more precise," said CEO Michele Buck at the time.Chief Financial Officer Patricia Little said on Thursday that Hershey started feeling the impact of higher freight and logistics last year."I don't expect that to change going forward into next year," she said.The company is doing more than just increase prices to drive growth.Hershey is investing in digital to keep impulse shopping alive online. It's also introduced new products like Hershey's Gold, a "caramelized creme" bar with pretzels and peanuts baked inside, and Reese's Outrageous, a peanut butter chocolate bar with Reese's candy inside.Next year, the company will introduce Reese's Thins, a 40% thinner Reese's peanut butter cup.Plus, the company has been scooping up healthier brands, including Pirate Brands, which makes Pirate's Booty, Smart Puffs and Original Tings.Last year, Hershey's bought Amplify Snack Brands, which makes SkinnyPop popcorn and Oatmega whey-protein bars, for .6 billion. Pirate Brands will operate within Amplify's hub in Austin, Texas.The acquisitions boosted sales in the third quarter. Sales increased by 2.9% in the three months that ended in September compared to the same period last year.The-CNN-Wire 1721

GREELEY, Colorado — Authorities released Monday the autopsy reports of Shanann Watts, 34; Bella Watts, 4; and Celeste Watts, 3. The reports concluded that all three victims died of asphyxiation — Shanann was strangled while the two girls were smothered, according to the reports. The reports had been sealed until the outcome of the trial. However, Chris Watts — Shanann’s husband and father of Bella and Celeste — pleaded guilty to their murders earlier this month and was sentenced Monday to life in prison without the possibility of parole.All three victims were pronounced deceased on Aug. 16. The girls' bodies were found submerged in an oil tank on property owned by the company Watts worked for. His wife's body was found in a shallow grave nearby.The autopsy reports state that Shanann Watts was found in a purple T-shirt and underwear. She had patterned abrasions on her neck and the left side of her face when her body was found. Weld County District Attorney Michael Rourke said during sentencing Monday that the lack of significant injuries to Shanann Watts suggested that her death came slowly.The coroner noted in the report that Shanann had been in the second trimester of pregnancy at the time of her murder. Family members had called the unborn child “Nico.” Chris Watts was convicted of unlawful termination of a pregnancy. Bella’s report indicates she had a pink pajama-type top with images of hearts and butterflies and underwear on when her body was found. The coroner found blunt force trauma on Bella’s jaw and lacerations and contusions in her mouth. Her left shoulder was discolored, and teeth impressions and superficial bite marks were found on the surface of Bella’s tongue — signs, Rourke said, Bella "fought for her life." Celeste was found in a pink and black T-shirt. The 3-year-old was wearing a diaper and underwear. Celeste had no visible injuries.Prosecutors said Chris Watts was having an affair and making plans for a new life. Rourke said Watts talked with a real estate agent about selling the family's home, looked up secluded vacation spots and didn't seem interested in the self-help books his wife provided.A friend asked police to check on Shanann Watts on Aug. 13 after not being able to reach her and grew concerned that the expectant mother had missed a doctor's appointment. Watts spoke to Denver7 from the front porch of the family's home in Frederick, pleading for his family’s safe return. Within days he was in custody, charged with killing his family.The Associated Press contributed to this report.  2612

GEORGIA — A tour bus carrying 18 passengers headed to watch golf at the Masters Tournament overturned Thursday morning, and the driver has been charged.The crash near Augusta happened just before 9 a.m. Eastern. The Georgia State Patrol said the driver has been charged with driving under the influence.The bus went off the right side of the road, GSP said in a release. The driver overcorrected and the vehicle overturned in a median on Interstate 20."Several of the passengers were transported to Doctors Hospital in Augusta with non-life threatening injuries," the report said.The driver of the bus was Steven F. Hoppenbrouwer, 61, of Gwinnett County, Georgia. He was charged with DUI and Failure to Maintain Lane.The bus is owned by Jet Executive Limousine, Inc. 789

Happy Father’s Day!On the left, The Duke of Cambridge with Prince of Wales at Sandringham in December 2019, and on the right, Michael Middleton with his daughter CatherinePhoto on the left taken by The Duchess of Cambridge pic.twitter.com/VN461CZzmi— The Duke and Duchess of Cambridge (@KensingtonRoyal) June 21, 2020 325