Thomas Cook, the British tour operator, has collapsed, press reports said. Thomas Cook is entering in “compulsory liquidation with immediate effect” after talks for a financial rescue failed, CNN reported. All Thomas Cook bookings have been canceled, CNN said.
First Read kicks off the week with news that Walmart will stop selling all e-cigarettes, Germany has unveiled a $60 billion plan to fight the climate crisis, and Game of Thrones wins the Emmy for outstanding drama series.
Robert Smith, chairman and CEO of Vista Equity Partners, donated $34 million to Morehouse College. The $34 million gift will pay off the loans for the Morehouse class of 2019, as well as the loans of the parents. More than 400 students, parents, and guardians of the Class of 2019 will receive the gift under the Morehouse Student Success Program. Morehouse alumni who graduated in May or who finished their degree requirements during the summer school 2019 are eligible to receive the gift. Parents and guardians are also eligible.
Private equity's on-cycle recruiting mayhem, In record market, buyers love single-asset processes
First Read closes out the week with news that Bob Iger thinks Apple and Disney might have combined if Steve Jobs were still alive, Airbnb plans to go public in 2020 and judge dismisses sex abuse case against ex-Sequoia executive.
Warburg proves a force to be reckoned with in specialty EHR
Vector seeks buyer for Saba Software; Warburg snaps up Qualifacts; Blackstone to exit NCR
David Rubenstein, co-founder and co-executive chairman of the Carlyle Group, spent more than $10 million renovating the Washington Monument, the Washington Post is reporting. After years of repair, the 555-foot marble and granite landmark reopens to the public Thursday, the story said.
First Read kicks off the day with news that Italian yacht-maker Sanlorenzo is expected to launch an IPO in October, the Federal Reserve cuts rates by a quarter point, and U.S. Navy confirms that leaked videos do capture UFO sightings.
Carl Stanton, Invesco's head of WL Ross business, leaves; Blackstone in $2.5B buy of Promontory; PE firms face congressional scrutiny over surprise billing