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Thomas Cook trustees plot to salvage pension payouts

Thomas Cook trustees plot to salvage pension payouts

Business
Thomas Cook’s pension funds have kicked off talks with specialist insurers about a deal to salvage the collapsed travel group’s retirement scheme benefits.Sky News has learnt that Steve Southern, chair of the trustees, is holding talks with several parties about a buyout deal that would avoid most of Thomas Cook's 14,000 pension scheme members facing a steep cut to their payments. Any deal with an insurer would be likely to involve a more modest cut to payouts than the 10% triggered by a pension scheme's transfer into the Pension Protection Fund (PPF) lifeboat.The discussions are at a very preliminary stage and - even if successful - will not result in a deal until after the Thomas Cook schemes have been through an assessment by the PPF. ...
San Francisco Giants batter Minnesota Twins to salvage series finale

San Francisco Giants batter Minnesota Twins to salvage series finale

Sports
SAN FRANCISCO -- The slumping San Francisco Giants tried a new look Sunday. It produced a new result. Despite holding three regulars out of the starting lineup, the Giants rode a season-best 17-hit attack to a 13-8 win over the Minnesota Twins, allowing them to salvage one win in the three-game interleague series.Buster Posey and Austin Slater drove in four runs apiece, igniting an offense that had produced a total of two runs and 10 hits in two series-opening losses. "Anytime you sit regulars like that and get a win, a come-from-behind win, that's nice," said Giants manager Bruce Bochy, whose team's run total also was a season high. "For the guys to step up and play a real nice ballgame, that's just what we needed." Replacing shortstop Brandon Crawford, first baseman Brandon Belt and cent...