Travel company Thomas Cook collapses, stranding hundreds of thousands

After a year of financial turbulence, the Thomas Cook Group became insolvent late Sunday night as talks between the British travel firm and its creditors broke down, sending the company into a long-feared bankruptcy and stranding hundreds of thousands of travelers around the world.“We have worked exhaustively in the past few days to resolve the outstanding issues on an agreement to secure Thomas Cook’s future,” Thomas Cook CEO Peter Fankhauser said in a statement, noting that a