
Please try another search
BERLIN (Reuters) - Insolvent Thomas Cook's German unit has withdrawn an application for a state bridging loan for legal reasons, the company's liquidator said on Wednesday, adding that the firm was still talking with investors about a possible rescue.
Insolvency administrators of the law firm Hermann Wienberg said the credit application needed to be amended, adding that the already submitted application would be withdrawn.
It did not say whether Thomas Cook would file a new application.
Thomas Cook, the world's oldest travel firm, collapsed last month, sparking the largest peacetime repatriation effort in British history and a scramble for survival among many of its subsidiaries.
Thomas Cook Germany had filed for insolvency in a move aimed at separating its brands and operations from its failed parent and the German government said it was considering an application for a bridging loan from the company.
By Sam Boughedda Shares of Krispy Kreme Inc (NASDAQ:DNUT) fell 12% at the open Wednesday after the company reported earnings, missing analyst expectations. Krispy Kreme posted...
By Sam Boughedda A Citi analyst downgraded shares of Weber Inc. (NYSE:WEBR) to Sell from Neutral, lowering the price target on the stock to $2.74 from $7 per share. The analyst...
By Bansari Mayur Kamdar and Devik Jain (Reuters) - Wall Street's main indexes fell on Wednesday with growth stocks under renewed pressure as bond yields climbed ahead of minutes...
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.