• Venezuela Supreme Court orders DirecTV to restore service

    Venezuela Supreme Court orders DirecTV to restore serviceVenezuela’s Supreme Court on Friday ordered pay television service DirecTV to restore services in the South American country, after owner AT&T Inc said earlier this week it was shutting access due to U.S. sanctions. DirecTV was the country’s most popular television service, providing a range of foreign channels as alternatives to the country’s beleaguered local television industry that has been battered by a hyperinflationary economic crisis. U.S. sanctions meant to force President Nicolas Maduro from office prohibit companies from contracting with state agencies, but local Venezuelan laws require subscription services to carry channels run by the government.

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  • Hertz preparing to file for bankruptcy as soon as Friday night: WSJ

    Hertz preparing to file for bankruptcy as soon as Friday night: WSJThe company, which operates the Hertz, Dollar and Thrifty car-rental brands, had been holding talks with creditors after missing significant car-lease payments in April. Forbearance and waiver agreements on the missed payments were set to expire on Friday. Hertz did not immediately respond to a request for comment.

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  • Market Recap: Friday, May 22

    Market Recap: Friday, May 22Stocks ended little changed Friday, as ongoing signs of the economic damage from the coronavirus pandemic compounded with fears of rising U.S.-China tensions. Still, the three major U.S. equity indices posted weekly advances of about 3%, with investors largely factoring in the fallout from the COVID-19 crisis into asset prices.

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