Here's what we are reading this morning:
Hertz Files for Stock Offering, Applies to Return to Nasdaq - WSJ: The rental-car company said some of its stockholders are selling 37.1 million common shares, as it seeks to start trading again on a major stock exchange.
Amended Order Regarding Court Operations in Response to the COVID-19 Pandemic in the United States Bankruptcy Court, Western District of Texas: "This Amended Order is issued in support of this Court’s efforts to resume normal operations in the Western District of Texas"
Blockbuster is trapped in brand limbo. Will it ever get out? | Retail Dive: Whether as a joke, a nostalgic trip back to the '90s or as shorthand for the love of movies, the dead chain's name still resonates with many. Except perhaps the brand's owner.
Nelson Partners Student Housing Blasted by Tenants, Investors: Nelson Partners Student Housing is facing foreclosures, lawsuits and allegations of health and safety problems at its complexes.
Nelson Partners Student Housing: A Sinking Empire - The New York Times: An ambitious property management company that pitches upscale off-campus apartments across the country has left tenants and investors stewing.
U.S. downtown office-vacancy rate is as high as it's been since 1994 - The Business Journals: Office vacancy is on the rise everywhere, but the rate of increase in downtown office vacancy is outpacing that of suburban office.
October private payrolls rose by 571,000, topping expectations: ADP: Private payrolls grew by 571,000 in October compared to September, ADP said in its closely watched monthly report. Consensus economists were looking for a rise of 400,000 jobs, according to Bloomberg data. The month earlier, private payrolls had risen by a downwardly revised 523,000, from the 568,000 previously reported.