International Business News - RCL 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 Carnival Corp., the world's largest cruise operator, reports its fiscal third-quarter results on Thursday. The following is a summary of key developments and analyst opinion related to the period. http://www.ibtimes.com/articles/20080917/earnings-preview-cruise-operator-carnival-corp.htm Wed, 17 Sep 2008 12:41:03 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 When the 1,020-foot Explorer of the Seas cruises through North Atlantic waters next year, it'll spend more time off the coast of New England and less time near Canadian shores, and it's not because of better vistas. http://www.ibtimes.com/articles/20080907/cruise-lines-change-course-to-cut-fuel.htm Sun, 07 Sep 2008 15:18:21 EDT Friday's report that unemployment surged to a five-year high in August helped underscore that businesses facing cutbacks and layoffs are not alone. The Labor Department reported that jobless claims rose to 6.1 percent in August as employers cut 84,000 jobs. Job losses are at 605,000 for the first eight months of the year, with the housing, credit and financial crises continuing to pummel the economy. http://www.ibtimes.com/articles/20080905/news-industry-shedding-jobs-leisure-healthier.htm Fri, 05 Sep 2008 16:19:52 EDT The Travel Industry Association of America, whose members include airlines, hotels and tourism agencies, spent $297,500 lobbying on visa requirements, State Department funding and other issues during the second quarter, according to a recent disclosure form. http://www.ibtimes.com/articles/20080826/travel-industry-spent-297-500-lobbying-in-2q.htm Tue, 26 Aug 2008 13:16:30 EDT Carnival Cruise Lines will move the Carnival Triumph to New Orleans when the smaller Carnival Fantasy moves to Mobile, Ala., in 2009, officials announced Tuesday. http://www.ibtimes.com/articles/20080819/carnival-putting-bigger-ship-in-new-orleans.htm Tue, 19 Aug 2008 13:15:40 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 Major business events and economic events scheduled for Tuesday: NEW YORK--Treasury Secretary Paulson speaks on markets and the economy. http://www.ibtimes.com/articles/20080721/calendar-of-major-business-events-for-tuesday.htm Mon, 21 Jul 2008 15:22:28 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 Major business events and economic events scheduled for the coming week (some dates are tentative): MONDAY, July 21 http://www.ibtimes.com/articles/20080718/business-economic-events-for-the-coming-week.htm Fri, 18 Jul 2008 17:45:02 EDT Cruise ship companies have until Aug. 18 to apply to the National Park Service for the right to bring ships into Glacier Bay. The companies compete every 10 years for the highly desired contracts that allow limited entry into the bay from June through August. http://www.ibtimes.com/articles/20080627/alaska-ships-can-apply-for-glacier-bay-entries.htm Fri, 27 Jun 2008 12:10:47 EDT Among the stock activity stories for Thursday, June 26, from AP Financial News: NEW YORK (AP)--Shares of Palm Inc. fell Thursday in the hours before it was slated to release its fiscal fourth-quarter results, which analysts expect will include a report of a quarterly loss. http://www.ibtimes.com/articles/20080626/movers-roundup-palm-mtr-gaming.htm Thu, 26 Jun 2008 14:38:44 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 The Caribbean remains a top destination among cruisers, and more are bringing their children along for the journey, according to a new survey by the Cruise Lines International Association. http://www.ibtimes.com/articles/20080626/survey-caribbean-remains-top-cruise-destination.htm Thu, 26 Jun 2008 11:56:44 EDT Shares of cruise ship operators fell Friday after cruise operator Carnival Corp. posted flat earnings due to higher fuel costs. Carnival reported its second-quarter earnings on Thursday, saying fuel costs offset strong revenue growth. The company nevertheless beat Wall Street analysts' estimates for profit by about 8 cents per share and reported a 17 percent rise in sales. http://www.ibtimes.com/articles/20080620/sector-snap-cruise-ship-operators-drop.htm Fri, 20 Jun 2008 13:17:22 EDT Among the premarket stories for Friday, June 20, from AP Financial News: NEW YORK (AP)--Bond insurer MBIA Inc. said late Thursday it was "baffled" by Moody's Investors Service decision to cut several of its ratings on the company. http://www.ibtimes.com/articles/20080620/premarket-roundup-mbia-royal-caribbean-cruises.htm Fri, 20 Jun 2008 10:00:52 EDT