Monday 23 September 2019

Daily Investor Update: Hundreds of thousands stranded after travel firm Thomas Cook collapses

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Hundreds of thousands stranded after travel firm Thomas Cook collapses

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.

'Absolutely gutted': demise of Thomas Cook wrecks travelers' plans

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.

Thomas Cook's Nordic unit to carry on after parent company's collapse

Thomas Cook's Nordic business, the Ving group, will continue operations as normal from Tuesday despite the collapse of the parent company on Monday, it said.

GM-UAW contract talks focus on temp workers

The use of temporary workers is a key bargaining issue in negotiations between General Motors Co and the striking United Auto Workers union over a new four-year contract.

Wall Street edges higher with Apple, though economic data mixed

U.S. stocks were higher in late afternoon trading on Monday, helped by gains in shares of Apple Inc, though mixed economic cues in the face of a prolonged U.S.-China trade war limited the advance.

Vivendi steps up legal fight after keeping Mediaset stake

Vivendi is taking legal action against Mediaset's plans to reshape its future after deciding to hold on to its stake in the Italian broadcaster after a deadline to sell expired.

Honda to cease diesel vehicle sales in Europe by 2021

Honda Motor Co Ltd said on Monday it would phase out all diesel cars by 2021 in favor of models with electric propulsion systems, as the Japanese automaker moves to electrify all of its European cars by 2025.

Fed's Bullard: U.S. policy now 'considerably' looser, but markets may demand more

The Federal Reserve's policy shift since last year has made monetary policy "considerably more accommodative" than a year ago, but world markets are likely expecting more to come, St. Louis Federal Reserve bank president James Bullard said on Monday.

Fed's Bullard says prefers standing repo facility to ensure smooth markets in the future

St. Louis Federal Reserve bank president James Bullard said on Monday he would support the creation of a standing repo facility at the Fed in the "medium term" to avoid the sort of problems that developed last week in important short-term funding markets.

Exclusive: We Company CEO Neumann starts talks on his role at WeWork parent - sources

WeWork co-founder Adam Neumann has started talks with board directors and investors to discuss his future role at the U.S. office-sharing start-up, including the possibility of giving up his title as chief executive, people familiar with the matter said on Monday.

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