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Stock Market & Financial Investment News

News Breaks
January 31, 2013
09:32 EDTCCL, CUKCarnival announces repurchase program, Carnival plc share sale
Carnival (CCL) announces that it and Carnival Investments Limited, a wholly owned subsidiary, intend to sell existing Carnival plc (CUK) ordinary shares that they hold in the UK market. The ordinary shares will be sold from time to time in the UK in "at the market" transactions at times when the Carnival common stock is trading at a discount to Carnival plc shares. Carnival intends to use the net proceeds of the sales to repurchase Carnival common stock on at least an equivalent basis in the U.S. market, and to use the remaining net proceeds, if any, for general corporate purposes. Carnival only intends to trade where it will derive an economic benefit from the Carnival plc Share Sales and Carnival Corporation Stock Swap Repurchase program.
News For CCL;CUK From The Last 14 Days
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October 19, 2014
13:39 EDTCCL, CUKCarnival cruise passenger tests negative for Ebola, Reuters says
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October 17, 2014
08:24 EDTCCL, CUKCarnival ship asked to return to U.S. over Ebola concern
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October 16, 2014
13:25 EDTCCLCarnival Cruise Lines volatility elevated after sharp sell off
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October 15, 2014
10:49 EDTCCLHigh option volume stocks
High option volume stocks: SNV FCG TXT MDSO PPHM NTRS CCL RGP LLTC SOCL
05:21 EDTCCLCarnival, CSSC sign MOU
Carnival announced it has signed a memorandum of understanding, or MOU, with the China State Shipbuilding Corporation, or CSSC, to explore the possibility of a joint venture aimed at accelerating the development and growth of the Chinese cruise industry, expected to be one of the largest cruise markets in the world with 4.5M passengers by 2020, according to the Chinese Ministry of Transport, or MOT. Becoming official at a signing ceremony today at the Ninth China Cruise Shipping and International Cruise Expo in Tianjin, the MOU outlines the framework for exploration of a partnership between Carnival Corporation and the CSSC that includes the possibility of forming a shipbuilding joint venture that could become a three-way arrangement involving Fincantieri of Italy, the world's largest cruise ship building company, in support of the Chinese government's plans to grow the cruising industry in China and meet escalating demand for cruises from Chinese travelers. As part of the possible shipbuilding joint venture, Carnival Corporation would work closely with CSSC and Fincantieri to help define the first-ever, world-class cruise ship built in China. Carnival Corporation, the world's leading cruise operator, has been involved in building modern cruise ships that exceed guest expectations more than any entity in the world. Under the joint venture concept, Carnival Corporation would provide its ship design and shipbuilding expertise to create the vision, definition and overall specifications for the China-built cruise ship.

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