Fracking pioneer Chesapeake Energy is filing for Chapter 11 bankruptcy

Fracking pioneer Chesapeake Energy is filing for Chapter 11 bankruptcy

Chesapeake was once the nation’s No. 2 natural gas producer, thanks to early bets on fracking. Aubrey McClendon, Chesapeake’s late founder and CEO, was considered one of the leaders of the shale boom that transformed the United States into the world’s largest oil and natural gas producer. But more recently, bankruptcy rumors had swirled around […]

Hertz, Car Rental Pioneer, Files for Bankruptcy Protection

Hertz, Car Rental Pioneer, Files for Bankruptcy Protection

Hertz, which started with a fleet of a dozen Ford Model T’s a century ago and became one of the world’s largest car rental companies, filed for bankruptcy protection on Friday after falling victim to its mountain of debt.The coronavirus pandemic has devastated Hertz...