Wells Fargo Securities said that 'only valuation' keeps it 'patiently constructive' in relation to Carnival Corp. stock as the brokerage continued its 'outperform' (buy) rating despite the company's reduced earnings forecast.
Carlos Hernandez joined The Ritz-Carlton Yacht Collection as EVP finance, while Timo Yrjövuori signed on as senior project director, supporting the newbuilding site teams.
Virgin Trains, formerly Brightline, broke ground Monday to expand passenger rail service to Orlando in a $4bn effort, the nation’s largest privately funded infrastructure project.
In cutting its 2019 earnings guidance, Carnival Corp. & plc said its Continental Europe brands have been facing heightened geopolitical and macroeconomic headwinds that are impacting this year's performance.
Galveston-based Carnival Vista has been experiencing an issue affecting its maximum cruising speed. As a result, the June 22 and June 29 sailings are being revised, and the July 6, July 13 and July 20 cruises have been canceled. The ship will be out of service 17 days.
Carnival Corp. & plc shares tumbled 8% in pre-market trading Thursday as the company cut its full-year outlook on lower yields in Continental Europe and Asia, offsetting the strength in North America. This overshadowed a higher than expected second quarter profit.
The Panama Canal Authority's board of directors approved a proposal to modify the Panama Canal tolls system and the regulation for the measurement of vessels, to be effective Jan. 1, 2020. Most market segments are affected.
Norwegian Cruise Line Holdings shareholders voted four directors to continue serving until 2022 at the company's annual meeting on Friday in Miami.