News > Travel
Hedge funds could reap as much as $250 million from the collapse of British tour operator Thomas Cook
One year ago | By Business Insider
While the bankruptcy of British tour operator Thomas Cook has left hundreds of thousands of travelers stranded , a group of hedge funds are poised to make as much as $250 million from the company's collapse.
Funds including Sona Asset Management and XAIA Investment owned derivative investments called credit default swaps, which pay investors when a company can no longer service its debt, Bloomberg said in a report.
The company entered into compulsory liquidation on Monday after efforts to restructure it's debt with key investors failed, according to a statement .
Visit the Markets Insider...
Read more ...
Travel Company Thomas Cook Goes Bankrupt, Tourists Stranded
One year ago | By NPR
British travel company Thomas Cook has collapsed, leaving 150,000 British vacationers stranded overseas. NPR's Steve Inskeep talks to Financial Times reporter Daniel Thomas.
Read more ...
British travel firm Thomas Cook collapses, leaving hundreds of thousands stranded
One year ago | By Reuters
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. Ciara Lee reports
Read more ...
Hundreds of thousands stranded after British travel firm Thomas Cook collapses
One year ago | By Reuters
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.
Read more ...
Thomas Cook leaves thousands stranded after financial collapse
One year ago | By New York Post
LONDON - British tour company Thomas Cook collapsed early Monday after failing to secure emergency funding, leaving tens of thousands of vacationers stranded abroad. The British government said the return of the 178-year-old firm's 150,000 British customers now in vacation spots across the globe would be the largest repatriation in its peacetime history. The process...
Read more ...
Search by Tags
Travel Market World BusinessNewsPhil Spector, the revolutionary music producer convicted of murdering an...
California state prison officials said Spector died Saturday of natural causes at a hospital. Read more ...
Vice President-elect Harris to resign her Senate seat Monday
Democrat Alex Padilla, now California's secretary of state, will serve the final two years of Harris' term. Read more ...
Alexei Navalny detained on return to Moscow five months after being poisoned
Russia's leading opposition figure and his wife were returning from a five-month stay in Germany, where he recovered after being poisoned with a military-grade nerve agent. Read more ...
WATCH Russian opposition figure Navalny leave plane in Moscow before being...
Alexey Navalny has arrived in Moscow after spending several months recuperating in Berlin. He was detained at the airport for violating probation terms. The plane carrying... Read more ...
Vice President-elect Kamala Harris to be sworn in by Justice Sonia Sotomayor...
Vice President-elect Kamala Harris will be sworn in by Supreme Court Justice Sonia Sotomayor on Wednesday, a history-making event in which the first Black, South Asian and... Read more ...
Man uses stimulus check to donate food to neighbors in need
Manuel Foggie said during this pandemic he's been blessed not to miss a meal but knows many others are struggling to keep up with bills. Read more ...
Guentzel's winner lifts Penguins by Capitals 4-3 in shootout
Jake Guentzel beat Ilya Samsonov in the fourth round of a shootout and the Pittsburgh Penguins picked up their first win of the season with a 4-3 victory over Washington on Sunday. Read more ...
Bills fans donate to Lamar Jackson's favorite charity
Buffalo Bills fans are stepping up after Saturday's Divisional Round game in which Baltimore Ravens quarterback Lamar Jackson suffered a concussion. Read more ...
Buccaneers-Saints: How to watch NFC Divisional Round game, time, weather
Two of the NFL's best arms meet up in the NFC Divisional Round. The Sunday evening game between Tom Brady's Tampa Bay Buccaneers and Drew Brees' New Orleans Saints marks the... Read more ...
Buffalo Bills fans make major contribution to Lamar Jackson's favorite charity
Lamar Jackson's season came to an end last night losing to the Buffalo Bills 17-3, but Bills fans ensured he returned to Baltimore with an off-the-field win. Read more ...