Shares of cruise operator Carnival Corp. plunged 15 percent on Tuesday after a ship operated by its unit struck a submerged rock and keeled over off the coast of Italy late on Friday.
Stocks were set to open higher on Tuesday as Chinese data fueled the belief the government may move to stimulate growth, overshadowing recent credit downgrades in Europe and a mixed bag of bank earnings.
With 29 people still missing following the wreck of the Costa Concordia, rescuers in Italy have restarted their search for survivors. On Tuesday, navy divers blew a hole in the ship's hull using small explosive charges and made their way into the submerged vessel.
Stock index futures rose on Tuesday as investors looked to corporate profits as earnings season picks up and Chinese data fueled the belief the government may move to stimulate growth.
Stock index futures rose on Tuesday as investors looked to corporate profits as earnings season picks up and Chinese data fueled the belief the government may move to stimulate growth.
The cruising industry is as complicated as it is new. How badly will the sinking of the Costa Concordia in Europe hit Carnival and its competitors?
Rescuers resumed a search of the hulk of a giant cruise liner off the west coast of Italy on Monday after bad weather forced them to halt operations, but hopes were fading of finding more survivors.
The Costa Crociere company has blamed human error for the grounding and subsequent sinking of the Concordia on Friday, claiming that captain Francesco Schettino made an unapproved, unauthorized and ultimately deadly, maneuver.
The cruise ship industry faces an uphill task to restore confidence among customers spooked by spectacular images of the stricken Costa Concordia flipped on its side and could suffer a major hit to sales in a key booking period.
Divers found the bodies of two elderly men inside a capsized cruiseliner on Sunday, raising to five the death toll after the luxury vessel foundered and dramatically keeled over off Italy's coast.
A South Korean honeymoon couple and an injured crew member were plucked from the partially submerged Costa Concordia shipwreck on Sunday, more than a day after the cruise ship met its doom close to Italy's Isola del Giglio, as rescue workers struggled to find any others still trapped on board.
Passengers leapt into the sea and fought over lifejackets in panic when an Italian cruise ship ran aground and keeled over, killing at least three and leaving dozens missing.
Good intentions. They come around every year and are practically synonymous with champagne toasts on December 31.
Wavering already? Not to worry, here are10 destinations to help keep those New Year's resolutions on track.
The annual Diablada -- Dance of the Devils -- was observed by revelers on the streets of the Ecuadorean city of Pillaro, about 83 miles south of the country's capital of Quito, amid great pomp on Friday.
The top after market NYSE gainers on Thursday were: Masco Corp, Mosaic Co, USG Corp, Teradyne and Carnival Corp. The top after market NYSE Losers were: GenOn Energy, Franco Nev Corp, Office Depot, Gol Linhas Aereas Inteligentes and Janus Capital Group.