Business Highlights

___Hundreds of thousands stranded as travel agency collapsesLONDON (AP) — Hundreds of thousands of travellers have been stranded across the world after the British tour company Thomas Cook collapsed in the middle of the night. The move by the 178-year-old company immediately halted almost all of its flights and hotel services and laid off 21,000 employees. The British government was taking charge of getting the firm’s 150,000 U.K.-based customers back home. Sun-drenched airports saw long lines of passengers trying to find a way home.___Can a new space race connect the world to the internet?NEW YORK (AP) — Tech giants and billionaires hope a new, cheaper crop of internet-beaming satellites and balloons can get internet to those who don’t have it. They face technical and financial challenges. Previous efforts to zoom fleets of satellites to space ended in failure. And the internet service that does result may still be too expensive to help the people who can’t get online.___Global postal union meets amid Trump threat to pull US outGENEVA (AP) — The effects of President Donald Trump’s standoff with China could soon be coming to a post office near you, and higher shipping rates for some packages are the likely outcome. The administration is threatening to pull the United States out of the 145-year-old Universal Postal Union, complaining that some postal carriers like China’s aren’t paying enough to have foreign shipments delivered to U.S. recipients. A showdown looms at a special UPU congress that begins Tuesday in Geneva.___Banker who tipped off dad convicted anew of insider tradingNEW YORK (AP) — An investment banker whose insider trading conviction was overturned by an appeals court has been convicted again at a second trial. The Yale-educated Sean Stewart was convicted Monday of charges including securities fraud and wire fraud conspiracy by a Manhattan federal court jury. The new trial was ordered last year by the 2nd U.S. Circuit Court of Appeals. Prosecutors said more than $1 million was earned illegally by individuals including Stewart’s father after the son shared secrets.___GM strike enters 2nd week with no clear end in sightNEW YORK (AP) — The strike against General Motors by 49,000 United Auto Workers entered its second week Monday with progress reported in negotiations but no clear end in sight. Bargainers met all weekend and returned to the table Monday morning as the strike entered its eighth day.___Fund compensating Boeing crash victims starts taking claimsA $50 million fund for compensating victims of the two Boeing Max plane crashes is open for business. The fund administrators say they have begun taking applications, and they set a Dec. 31 deadline for submitting claims. In all, 346 passengers and airline crew members died in the crashes, one off the coast of Indonesia, the other in Ethiopia.___Apple keeps Mac Pro assembly in Texas after tariff reliefSAN FRANCISCO (AP) — Apple will continue manufacturing its Mac Pro computers in Texas after the Trump administration approved its request to waive tariffs on certain parts from China. The commitment announced Monday clears up several months of uncertainty as Apple mulled shifting the Mac Pro’s assembly of from an Austin, Texas, plant the company has been using since 2013. But Apple apparently had a change of heart after getting a break on China tariffs that threatened to drive up the cost of the $6,000 Mac Pro.___Nissan paying $15M, Ghosn $1M to settle US fraud chargesWASHINGTON (AP) — Nissan will pay $15 million and former chairman Carlos Ghosn will pay $1 million to settle allegations by U.S. regulators that they hid more than $140 million of Ghosn’s retirement benefits from investors. The Securities and Exchange Commission announced Monday the settlement of civil fraud charges with the major Japanese automaker and its former chairman, who also will be barred for 10 years from serving as an officer or director of a public company.___Diabetes drug victims demand justice in French trialPARIS (AP) — Victims of a diabetes drug suspected in hundreds of deaths pleaded for justice as a massive trial involving more than 4,000 plaintiffs opened Monday for French pharmaceutical giant Servier Laboratoires and France’s medicines watchdog. The company and the oversight body stand accused of involuntary manslaughter, fraud and other charges. A 2010 study said Mediator was suspected in 1,000-2,000 deaths, with doctors linking it to heart and lung problems.___Late burst of selling leaves US stock indexes little changedNEW YORK (AP) — A listless day on Wall Street ended Monday with major indexes closing little changed as modest gains from earlier in the afternoon faded in the final minutes of trading. The S&P 500 index slipped less than 0.1%, while the Nasdaq inched 0.1% lower. The Dow Jones Industrial Average notched a 0.1% gain. Losses in the health care, communication services and industrial sectors outweighed gains in technology stocks, consumer-centric companies and banks. Bond yields declined.___The S&P 500 inched 0.29 points lower, or less than 0.1%, to 2,991.78. The Dow gained 14.92 points, or 0.1%, to 26,949.99. The Nasdaq fell 5.21 points, or 0.1%, to 8,112.46. The Russell 2000 index of smaller companies lost 1.52 points, or 0.1%, to 1,558.25.The Associated Press read more

Rudyard Kipling plagiarised letters written by Indian soldiers for his 1917 book

Now, more than 120 years after he penned his enduring masterpiece, the Nobel laureate is facing a new charge of plagiarism relating to a later book. New research reveals that he not only had access to actual censored letters of Indian sepoys, but he lifted whole paragraphs verbatim from them. One passage, describing a lady of the house where an Indian sepoy had billeted, is virtually identical to a letter written… Rudyard Kipling once confessed, in a letter of 1895, that “it is extremely possible that I have helped myself promiscuously” from other stories when writing The Jungle Book. In his 1918 war text, The Eyes of Asia, Kipling imagined himself as an Indian sepoy writing back home from France.

Bolt rivalry made me a better person claims Gatlin

(SportsMax)- Reigning World Champion Justin Gatlin has insisted a rivalry with recently retired sprint king Usain Bolt made him not only a better athlete but a better person. It was Gatlin who had the last say when the two met at the London World Championships last summer, but it was a rare victory for the American.  In 12 career finals between the athletes, Bolt has walked away the winner on nine occasions with Gatlin claiming three.  One of those defeats came at the 2005 World Championships when the Jamaican was still a teenager.Despite limited success, Gatlin is one of few to enjoy such a record against the double world record holder.  In fact, he remains the only athlete to have beaten the sprinter at not only one but two major finals.  The list of trophies also stocks up overwhelmingly in the Jamaicans favour.Bolt’s tally stands at 8 Olympic gold medals and 11 World Championship gold medals, while Gatlin has claimed one Olympic gold medal and 3 World Championship gold medals.  However, despite not always coming out on top Gatlin claims the rivalry was an invaluable experience.“Racing against Usain has made me become a better athlete and better human being,” Bolt told businesslive.“I say that because when you are defeated and feel like you were at your best, there are only two ways you can react – either you will feel that you have let yourself down or you take that as a lesson and try to come back stronger,” he added.“He [Bolt] took track and field to another level. When you race against him you come across situations that make you feel like you are the man but you get defeated by a better man.“So‚ the only thing is how can I beat this guy. Along the way I just had to become confident and take my losses throughout my career against him,” he said. Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)RelatedGatlin guns for Bolt one last timeAugust 3, 2017In “latest news”Brilliant Bolt …First man to win three Olympic 100m titlesAugust 15, 2016In “latest news”#London2017: Bolt bids farewell, makes his final bow after placing thirdAugust 7, 2017In “Sports” read more