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Tag: deal

Thomas Cook ‘racing to finalise rescue deal’

Thomas Cook ‘racing to finalise rescue deal’

Business
Thomas Cook has said it is "focused on completing" a rescue deal amid reports that some lenders could vote against the terms of the agreement.The troubled travel firm is understood to be in last minute negotiations with bondholders to approve a takeover by Chinese firm Fosun Tourism.The deal needs the backing of three quarters of bondholders to succeed.Thomas Cook wants to delay a meeting with them to give it more time to negotiate, the Financial Times said."We announced on 28 August that we have reached substantial agreement with Fosun and our creditors regarding key commercial terms of the recapitalisation of Thomas Cook. "We remain focused on completing the transaction," the travel firm said in a statement. The aviation watchdog, the Civil Aviation Aut...
‘Wonder Woman’ director Patty Jenkins inks deal with Netflix

‘Wonder Woman’ director Patty Jenkins inks deal with Netflix

Entertainment
Sept. 6 (UPI) -- Wonder Woman and Monster filmmaker Patty Jenkins has signed a multi-year deal to produce new shows exclusively at Netflix. Jenkins' TV credits include The Killing, Entourage and I Am the Night. Her next movie is Wonder Woman 1984, which is set for release in theaters in 2020. Channing Dungey, the streaming service's vice president of original series, welcomed Jenkins to Netflix in a statement on Thursday. "Her trailblazing work has pushed boundaries and she confidently tells stories that leave an unforgettable mark. We look forward to fostering her many ideas and helping them come to life," Dungey said. "I'm so excited to embark on a great journey of making the new world of television with a company and group of people I admire," added Jenkins. "I look forward to digging...
Agent: Ezekiel Elliott, Dallas Cowboys ‘very close’ to deal

Agent: Ezekiel Elliott, Dallas Cowboys ‘very close’ to deal

Sports
Sept. 3 (UPI) -- Dallas Cowboys star running back Ezekiel Elliott is nearing a deal with the team to end his holdout. Elliott's agent, Rocky Arceneaux, said the tailback is "very close" to reaching a contract extension with the Cowboys. Elliott, who has been training in Cabo San Lucas, Mexico, during his holdout, returned to Dallas on Tuesday in the hopes of finding a long-term agreement. "I think Zeke is showing he's committed by coming back to Dallas. We didn't come here not to do a deal," Arceneaux told reporters at DFW International Airport. "We're talking. They're committed and we're committed. That's why we are here." Arceneaux said Elliott is in playing shape if a deal is reached this week. League sources told NFL Media that Elliott and the Cowboys are in the final stages of a con...
Automaker discounts are bigger heading into the Labor Day weekend sales push. How to snag a deal

Automaker discounts are bigger heading into the Labor Day weekend sales push. How to snag a deal

Finance
If you're in the market for a new car, there's a good chance you'll find some decent deals during the long Labor Day weekend sales push.With vehicles sitting on lots longer and dealerships eager to make room for next year's models, automakers have boosted their discounts ahead of the three-day weekend. The average incentive is $ 4,177 for August, compared with an estimated $ 4,074 in July and $ 3,878 a year ago, according to the latest data from J.D. Power and LMC Automotive. "Consumers should see some pretty good deals," said Kelsey Mays, senior editor at Cars.com. "This is one of the marquee weekends, especially when it wraps in August sales like it will this time."The Key Auto Mall car dealership in Moline, Illinois.Daniel Acker | Bloomberg | Getty ImagesIn fact, if you're prepared to p...
Ashley backs challenge to Debenhams rescue deal

Ashley backs challenge to Debenhams rescue deal

Business
A deal that saved Debenhams from administration will be challenged in the High Court this week, putting the retailer's future back into doubt. A commercial landlord - backed by Mike Ashley's Sports Direct group - is fighting the plan which saw Debenhams agree to shut 50 stores and secure rent cuts on others in May.If successful, it could lead Debenhams to fall back into administration.The retailer said it was "extremely confident" the action would fail. Earlier this year, Debenhams fell into the hands of its lenders as part of an administration process, wiping out Mr Ashley's near-30% stake in the company. Debenhams creditors back turnaround plan Debenhams rejects Ashley rescue plan Shortly afterwards the creditors approved the rescue deal - or company vo...