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Carnival Eliminates Dividend to Preserve Cash

Steven Hansen submits: Carnival Corporation (CCL) and Carnival plc (CUK) on 31 Oct 2008 announced suspension of payment of their annual dividend beginning in the next quarter. According to Micky Arison, Carnival Corporation & plc chairman and CEO: The company's cash flow remains strong. However, in light of the unusually high cost of raising new capital, continuing concerns about financial institution...

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Can Carnival Adapt to the Changing Economy?

Steven Hansen submits: Carnival PLC (CUK) / Carnival Corporation (CCL) is the world's largest cruise ship operator and part of the S&P 500. Current analysts forecast earnings per share dropping 10% to $2.79 for this 2008 calendar year. But the game changed in September and October. Trillions of dollars disappeared from the economy and the world markets crashed. The fundamentals upon which analysts...

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Zacks Analyst Blog Highlights: Kellogg Co., Hewitt Associates, Inc., Carnival Corp., Carnival Plc. and Royal Caribbean Cruises Ltd.

CHICAGO--(BUSINESS WIRE)--Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting

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Zacks Analyst Blog Highlights: UAL Corp., Carnival Corp., Carnival Plc, Royal Caribbean Cruises Ltd. and Quicksilver Resources, Inc.

CHICAGO--(BUSINESS WIRE)--Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting

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Carnival cut at SocGen, weakening consumer confidence cited

LONDON (MarketWatch) -- Societe Generale downgraded British cruise operator Carnival Plc to sell from buy, citing the deterioration in U.S. consumer confidence and the recent spike in fuel prices. The broker told clients that, given the long booking lead times in the industry, the strong pricing power in 2008 is not an accurate reflection of current underlying demand. It said that a better bellwether...

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Carnival to refund $40M in fuel fees

Carnival Corp. and Carnival PLC and its five subsidiary cruise lines are voluntarily refunding $40 million in fuel supplement fees to customers who booked before Nov. 7. (CCL) (CUK)

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Zacks Analyst Blog Highlights: Medtronic, Kyphon, Carnival Plc and Royal Caribbean

CHICAGO--(BUSINESS WIRE)--Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting