Italian Shipwreck Ruins Carnival’s Prospects
http://platform.twitter.com/widgets/hub.1326407570.htmlThe ship wreck of the Costa Concordia off Italy has done more than take lives and raised the potential of an oil leak. The company that owns the boat–Carnival Cruises–suffered a 20% drop in its stock. The firm said the…
http://platform.twitter.com/widgets/hub.1326407570.htmlThe ship wreck of the Costa Concordia off Italy has done more than take lives and raised the potential of an oil leak. The company that owns the boat–Carnival Cruises–suffered a 20% drop in its stock. The firm said the cost of the disaster will be $90 million, but that is not the end of it
According to Bloomberg
“The long-term consequences for the cruise industry could be significant. This accident could have a significant impact in terms of trading because we’re in the peak-season for reservations,” said Natixis analyst Geoffrey d’Halluin.
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