Month: September 2019

The collapse of travel operator Thomas Cook is set to result in a bumper pay day for a clutch of hedge funds who bet the company’s share price would fall.

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The price of We Company’s 7.875% May 2025 junk bond fell 1.1% on Monday morning, MarketAxess data showed, following reports from sources that investor SoftBank Group is exploring ways to replace Adam Neumann as chief executive of the WeWork parent.

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Holidaymakers hit by the collapse of Thomas Cook , the world’s oldest tourist firm, desperately scrambled for information on Monday on how to get home, as Britain mounted its largest repatriation effort since World War Two.

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Oil stabilized near $64 a barrel on Monday, after gaining nearly 7% last week, due to prospects of a faster-than-expected full restoration of Saudi oil output and pressured by fresh signs of European economic weakness.

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Shares in Brazilian planemaker Embraer fell more than 1% at the open on Monday, following a Reuters report that Boeing is set to face a European Union antitrust investigation into its bid for a controlling stake in Embraer’s commercial aircraft arm.

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Online banks, such as Ally Financial Inc and Capital One Financial Corp , are expected to take a bigger chunk of the overall U.S. deposit market, after racking up $95 billion in customer deposits this year with enticing yields on most savings accounts.

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U.S. stock indexes were set to open slightly lower on Monday as investors were cautious about progress in Sino-U.S. trade talks and waited for a slew of economic reports to gauge the health of the domestic economy.

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U.S.-Israeli media magnate Haim Saban on Monday said he would give up control in Israeli mobile phone operator Partner Communications after failing to secure better terms on a loan he used to pay for the stake.

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The world’s oldest travel firm Thomas Cook collapsed on Monday, stranding more than half a million holidaymakers around the globe and sparking the largest peacetime repatriation effort in British history.

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Thomas Cook will be sold as a whole or in parts after its collapse, the company’s second-largest shareholder said on Monday, adding he would see what is offered before deciding whether to buy more assets.

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Hundreds of thousands of holidaymakers were stranded on Monday by the collapse of the world’s oldest travel firm Thomas Cook , sparking the largest peacetime repatriation effort in British history.

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Thomas Cook operator Blue Sky Group said on Monday that 25,000 reservations in Egypt booked up to April 2020 had been canceled.

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Boeing is set to face a EU antitrust investigation of up to five months into its bid for a controlling stake in the commercial aircraft arm of Brazil’s Embraer, people familiar with the matter said on Monday.

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Global shares sank on Monday as weaker-than-expected economic data added to investor worries over the unresolved U.S.-China trade dispute’s effects on the world economy.

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Saudi Arabia has restored more than 75% of crude output lost after attacks on its facilities and will return to full volumes by early next week, a source briefed on the latest developments told Reuters on Monday.

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