Hertz Global Holdings Inc. reported a loss in 2016 as it booked more than $254 million in charges amid continued weakness in its car-rental business, which has weighed on revenue for the past two years. The Florida-based company—under investor pressure—has been cutting costs aggressively and last year spun off its equipment-rental business, which gave it a much-needed cash infusion, and brought on the third chief executive in as...

Source: Wall Street Journal February 27, 2017 22:41 UTC