International Business News - Caribbean http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif A Stifel Nicolaus & Co. analyst maintained his "Buy" rating on shares of Royal Caribbean Cruises Ltd. early Thursday, saying the stock's sell-off is overdone, despite increasing pressures on consumer discretionary spending. http://www.ibtimes.com/articles/20081009/analyst-says-royal-caribbean-selloff-is-overdone.htm Thu, 09 Oct 2008 14:38:55 EDT Royal Caribbean Cruises Ltd. said Monday it had agreed to sell its 50 percent interest in Island Cruises to its joint venture partner, First Choice Holidays Ltd., a unit of British-based tour operator TUI Travel PLC. http://www.ibtimes.com/articles/20081006/royal-caribbean-sells-stake-in-joint-venture.htm Mon, 06 Oct 2008 18:04:03 EDT A lawsuit filed by Antigua's ousted police commissioner shows it's not always a tropical idyll when a veteran officer from Britain or Canada chooses to spend the twilight of his career working in the Caribbean. http://www.ibtimes.com/articles/20081003/police-work-in-caribbean-not-always-fun-in-the-sun.htm Fri, 03 Oct 2008 18:05:50 EDT The commander of the U.S. Navy's Fourth Fleet said Thursday his forces were keeping an eye on Russian Blackjack bombers that have landed in Venezuela for training exercises--but he dismissed the deployment as a major challenge to the United States. http://www.ibtimes.com/articles/20080911/navy-cmdr-dismisses-russia-bombers-as-threat-to-us.htm Thu, 11 Sep 2008 19:41:02 EDT Cruise ship operator Royal Caribbean Cruises Ltd. said Thursday it named Morten Arntzen to its board, replacing Arvid Grudekjoen, who is retiring. Arntzen is president and chief executive of Overseas Shipholding Group Inc., which transports crude oil, petroleum products, gas and dry bulk commodities. http://www.ibtimes.com/articles/20080911/royal-caribbean-names-arntzen-to-its-board.htm Thu, 11 Sep 2008 16:14:17 EDT The Turks and Caicos Islands will receive payments from a regional insurance pool for destruction caused by Hurricane Ike, but Haiti will not because it was only hit by the storm's outer reaches, an official said Tuesday. http://www.ibtimes.com/articles/20080909/ike-triggers-insurance-pool-for-turks-and-caicos.htm Tue, 09 Sep 2008 19:44:09 EDT Leaders of four nations are seeking support for a proposal to create a single Caribbean economic union by 2011 and a political union two years later. A delegation from Grenada and Trinidad is touring the region this week to push the plan, as officials say they are tired of waiting for the 15-nation trade bloc Caricom to act on a similar proposal from almost 20 years ago. http://www.ibtimes.com/articles/20080827/caribbean-nations-push-new-economic-union-plan.htm Wed, 27 Aug 2008 17:35:37 EDT The Dutch Navy and a squad of U.S. Coast Guard raiders seized 4.6 tons (4,200 kilograms) of cocaine from a Panamanian-flagged freighter that had set sail from Venezuela, Dutch and U.S. officials said Friday. http://www.ibtimes.com/data/articleimgs/114138-caribbean-cocaine.jpg http://www.ibtimes.com/articles/20080822/dutch-us-forces-seize-cocaine-in-caribbean.htm http://www.ibtimes.com/articles/20080822/dutch-us-forces-seize-cocaine-in-caribbean.htm Fri, 22 Aug 2008 14:00:28 EDT Two babies were killed when a river surging with rain from Tropical Storm Fay toppled their overcrowded bus, a U.N. official said Monday, raising the storm's Caribbean death toll to at least 14. http://www.ibtimes.com/articles/20080818/trop-storm-fay-blows-past-havana-aimed-at-florida.htm Mon, 18 Aug 2008 17:34:28 EDT Tropical Storm Fay lashed southeastern Cuba with downpours and heavy winds Sunday and was expected to churn over the center of the island before heading toward Florida. http://www.ibtimes.com/data/articleimgs/110997-noaa-caribbean.jpg http://www.ibtimes.com/articles/20080817/tropical-storm-approaches-cuba-leaves-4-dead.htm http://www.ibtimes.com/articles/20080817/tropical-storm-approaches-cuba-leaves-4-dead.htm Sun, 17 Aug 2008 20:20:55 EDT Flooding from Tropical Storm Fay killed four people in Haiti and the Dominican Republic, and authorities warned Saturday that the storm could reach hurricane strength as it barreled toward Cuba. http://www.ibtimes.com/data/articleimgs/110229-tropical-weather.jpg http://www.ibtimes.com/articles/20080816/tropical-storm-fay-leaves-4-dead-in-haiti-dr.htm http://www.ibtimes.com/articles/20080816/tropical-storm-fay-leaves-4-dead-in-haiti-dr.htm Sat, 16 Aug 2008 17:12:13 EDT John Paul DeJoria, co-founder of Patron tequila, said Tuesday he will become principal owner of the parent company of Patron Spirits Co. in a move to invest in the brand's growth. http://www.ibtimes.com/articles/20080729/patron-founder-to-become-main-owner-of-company.htm Tue, 29 Jul 2008 12:46:49 EDT Royal Caribbean Cruises' shares surged Tuesday after the cruise operator appeased investors with its announcement that it is slashing jobs and taking other steps to reduce annual expenses by $125 million. http://www.ibtimes.com/articles/20080722/royal-caribbean-bounces-back-on-cost-cutting.htm Tue, 22 Jul 2008 16:59:11 EDT Royal Caribbean Cruises' shares surged Tuesday after the cruise operator appeased investors with its announcement that it is slashing jobs and taking other steps to reduce annual expenses by $125 million. http://www.ibtimes.com/articles/20080722/royal-caribbean-bounces-back-on-cost-cutting.htm Tue, 22 Jul 2008 18:37:10 EDT Cruise operator Royal Caribbean Cruises Ltd. reported sharply lower second-quarter earnings Monday, blaming higher fuel prices, and said it would cut 400 jobs. http://www.ibtimes.com/articles/20080721/fuel-costs-hit-royal-caribbean-cutting-400-jobs.htm Mon, 21 Jul 2008 18:09:27 EDT Cruise operator Royal Caribbean Cruises Ltd. reports earnings for the second quarter on Tuesday. The following is a summary of key developments and analyst opinion related to the period. http://www.ibtimes.com/articles/20080721/earnings-preview-royal-caribbean-cruises.htm Mon, 21 Jul 2008 10:15:21 EDT An analyst lowered his estimates on Royal Caribbean Cruises Ltd. Thursday to reflect new assumptions for far higher fuel costs. Steven Wieczynski of Stifel Nicolaus & Co. wrote in a note he now expects Royal Caribbean to earn 40 cents per share in the second quarter, down from 43 cents. His estimate is now in line with the average analyst estimate, based on a Thomson Financial survey of 13 analysts. http://www.ibtimes.com/articles/20080626/royal-caribbean-cruises-declines-on-analyst-note.htm Thu, 26 Jun 2008 12:04:04 EDT An analyst lowered his price target on shares of Royal Caribbean Cruises Ltd. after high fuel costs caused rival cruise operator Carnival Corp. to post flat second-quarter earnings. http://www.ibtimes.com/articles/20080620/ahead-of-the-bell-royal-caribbean.htm Fri, 20 Jun 2008 06:17:23 EDT Expensive jet fuel and a soft American economy are threatening to sink Caribbean tourism as airline ticket prices soar and flights are sharply reduced, choking the flow of the vacationers that many tiny islands depend upon. http://www.ibtimes.com/articles/20080619/flight-cuts-may-hurt-caribbean-tourism.htm Thu, 19 Jun 2008 19:00:29 EDT A go-fast boat reportedly carrying a crew of four capsized on a Caribbean route used by drug traffickers and one survivor was found clinging to the boat's bow, which was jutting out of the water, U.S. authorities said Monday. http://www.ibtimes.com/data/articleimgs/73144-caribbean-go-fast-capsizes.jpg http://www.ibtimes.com/articles/20080616/go-fast-boat-capsizes-in-caribbean.htm http://www.ibtimes.com/articles/20080616/go-fast-boat-capsizes-in-caribbean.htm Mon, 16 Jun 2008 19:10:56 EDT