UK travel giant Thomas Cook collapses, Goa set to feel pinch

More than 600,000 vacationers who booked through tour operator Thomas Cook were on edge Sunday. (AP Photo) Tourist footfalls from the United Kingdom to Goa are expected to take a severe hit after British travel group Thomas CookNSE -2.65 % declared bankruptcy on Monday, an umbrella body of tour and travel operators said here. The 178-year-old operator had been desperately seeking 200 million pounds ($250 million, 227 million euros) from private investors to save it from collapse, but a last-ditch rescue deal failed, triggering the UK’s biggest repatriation since World…

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Travel giant Thomas Cook fails to find private funds to avert collapse: Source

Iconic British travel firm Thomas Cook has failed to find further private investment to stave off collapse and is now relying on an unlikely government bailout, a source close the matter told AFP on September 21. The operator had said on September 20 that it needed 200 million pounds ($ 250 million) — in addition to the 900-million pound rescue deal secured last month — or else face administration, which could potentially trigger Britain’s largest repatriation since World War II. A source close to the negotiations told AFP that the company had failed to…

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Apple CEO Tim Cook Poised to Reap $120 Million of Stock After Rally

HIGHLIGHTS Tim Cook stands to receive 280,000 shares on Friday Cook has donated 23,215 of his current Apple shares Apple has became the first US-based company to reach $1 trillion Apple’s Tim Cook is set to collect stock worth about $120 million (roughly Rs. 840 crores) this week thanks to a run-up in shares of the iPhone maker. On Friday, Cook stands to receive 280,000 shares tied to his continued service as chief executive officer. He’ll get as many as 280,000 additional shares if Apple’s stock-market return over the preceding three…

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