Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), the world's largest leisure travel company, today announced that Carnival Corporation (the "Corporation") has closed its private offering of $4.00 billion aggregate principal amount of 11.500% First-Priority Senior Secured Notes due 2023 (the "Secured Notes"). The Corporation also announced today that the initial purchasers of the Corporation's previously announced private offering of 5.75% Convertible Senior Notes due 2023 (the "Convertible Notes") fully exercised the remainder of their option to ...
DOW UPDATE The Dow Jones Industrial Average is soaring Wednesday morning with shares of Boeing and Raytheon Technologies Corp. leading the way for the index. Shares of Boeing (BA) and Raytheon Technologies Corp.
With the U.S. economy set to contract severely this quarter amid the COVID-19 lockdown, bank stocks as a group have fallen much more than the broader market. On April 7, David Konrad, a managing director and analyst at D.A. Davidson, and Ian Lapey, a portfolio manager at Gabelli, discussed in interviews seven bank stocks that may turn out to be good investments. Buffett said that during an interview in October 2008, and went on to make a lot of money from his timely investments in Goldman Sachs (GS) in September 2008 and Bank of America (BAC) in September 2011.
Delta is adding more elbow room for its next phase of temporary guidelines aimed at helping passengers more easily abide by "social distancing" standards. Delta Air Lines Inc. (NYSE: DAL) said that from April 13 through May 31, it will block the middle seats in Main Cabin, Delta Comfort+ and Delta Premium Select across all flights. Delta said customers who prefer to be seated directly next to travel companions and family members should contact Reservations ahead of travel or talk to a Delta agent at the gate.
Wall Street rose on Wednesday on hopes the coronavirus outbreak in the United States was close to its peak and expectations that Congress will inject hundreds of billions more in the battered economy. President Donald Trump said late on Tuesday the United States might be getting to the top of the "curve" in relation to the outbreak, even as New York and several other states posted their highest number of daily virus-related fatalities.
Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of iQIYI, Inc. (NASDAQ: IQ) resulting from allegations that iQIYI may have issued materially misleading business information to the investing public.
French car maker Renault's board will meet on Thursday to decide on possibly dropping the dividend payment this year in light of the coronavirus crisis, three sources familiar with the situation have told Reuters. A Renault spokesperson was not immediately available for comment. While several automotive companies such as Michelin and Ford have already decided to reduce or suspend dividends on 2019 earnings in order to preserve cash, Renault so far has not said whether it may do the same.
While most Americans are concerned about the coronavirus, a group of investors is placing bold bets on the leading sector in the stock market, technology stocks. Please click here for a chart showing segmented money flows in 11 popular tech stocks. It is easy to discern from the first chart that even after the recent drop in the stock market, the market is still very high from a long-term perspective.
DOW UPDATE Buoyed by positive gains for shares of Boeing and Goldman Sachs, the Dow Jones Industrial Average is up Wednesday morning. The Dow (DJIA) was most recently trading 205 points (0.9%) higher, as shares of Boeing (BA) and Goldman Sachs (GS) have contributed about one third of the index's intraday rally.
Boeing shares were climbing 4% to $147.30 Wednesday after the aerospace giant said it would make two new software updates to the 737 MAX's flight control computer as the company looks to get the troubled aircraft back in the air following two fatal crashes. The company said that one issue involves hypothetical faults in the flight control computer microprocessor, which could potentially lead to a loss of control known as a runaway stabilizer, according to Reuters. A safety system on the MAX caused the jet to dive automatically in both accidents, but the problems aren't related, Boeing ...
The United States on Wednesday awarded automaker General Motors Co a contract worth $489.4 million to make ventilators needed to treat severely sick coronavirus patients. The Department of Health and Human Services contract is the first for ventilator production under the Defense Production Act, invoked by President Donald Trump to get companies to produce essential gear needed to fight the pandemic. GM will work with ventilator firm Ventec Life Systems to deliver 30,000 ventilators under the contract to the U.S. government by the end of August, with deliveries of the first 6,132 ...