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☆ 5 major cruise liners say Elon Musk's Starlink internet will roll out on their ships this year for guest WiFi
▼ + stars: | 2023-03-03 | by ( Kate Duffy | ) www.businessinsider.com time to read: 1 min

Carnival Corporation in January announced it had agreed to install Starlink across its global fleet. Carnival cruise ship. Chiyacat/ShutterstockCarnival said in a statement it began rolling out Starlink on Carnival Cruise Line and AIDA Cruises ships in December last year. The company wants to expand Starlink to its other brands, including Princess Cruises, Holland America Line, P&O Cruises, and Seabourn, it added. The company said Starlink would provide faster and more reliable internet on its ships.

☆ Carnival Corp posts smaller loss as it tightens control on costs
▼ + stars: | 2022-12-21 | by ( ) www.reuters.com time to read: +1 min

Dec 21 (Reuters) - Carnival Corp (CCL.N), (CCL.L) on Wednesday posted a smaller-than-expected quarterly loss as the cruise operator kept a tight lid on operating costs, sending its shares up about 7% in morning trade. Cruise operators including Carnival have been wrestling with rising fuel prices, a stronger U.S. dollar and higher interest rates, which have been further exacerbated due to the ongoing Russia-Ukraine conflict. The cruise operator's revenue rose to $3.84 billion in the fourth quarter ending Nov. 30 from $1.29 billion a year earlier, but missed analysts' average estimate of $3.91 billion, according to IBES data from Refinitiv. The company posted a smaller adjusted net loss of 85 cents per share compared with analysts' expectation of 87 cents. Reporting by Granth Vanaik in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

☆ Stocks making the biggest moves midday: Rite Aid, Nike, Six Flags and more
▼ + stars: | 2022-12-21 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Rite Aid — Shares of Rite Aid dropped nearly 14% in midday trading after the pharmacy operator reported a quarterly loss, though a smaller-than-expected one, and lowered its full-year financial guidance citing seasonal markdowns among other issues. Nike — Nike shares jumped more than 13% after the company easily topped earnings and revenue estimates for its most recent quarter. The company also beat earnings expectations, but profits fell from the same period last year. Revenue beat estimates but the performance of its cyber business fell short of StreetAccount estimates, coming in at $106 million versus estimates of $111.8 million. Carnival — Shares jumped more than 4% after Carnival posted a smaller-than-expected loss in its latest quarter, though revenue was worse than expected.

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