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Johnson Controls : Activist investor Elliott has built a more than $1 billion stake in the HVAC control firm, Bloomberg News reported. "The stock is up 22% [year to date], but it has lagged Trane . "It was just a mistake [to have an underweight rating on the stock]," Cramer said, adding later: "From 1995 on, you have to understand the moment inventories are lean, you've got to buy. Steel stocks: Analysts at Jefferies initiated coverage of steel stocks, beginning with a buy rating on Cleveland-Cliffs and U.S. Steel and hold ratings on Nucor and Steel Dynamics . JPMorgan Chase : The banking giant slightly raised its full-year net interest income outlook to $91 billion from $90 billion.
Persons: Jim Cramer's, Elliott, Jim Cramer, Morgan Stanley, Cramer, you've, I've, Frank Del Rio, Harry Sommer, He'll Organizations: CNBC, Club, Johnson, Bloomberg News, Micron Technology, Jefferies, Cliffs, . Steel, Steel Dynamics, JPMorgan Chase, Cruise Locations: Cleveland
The former CEO of Norwegian Cruise Line Holdings is selling his oceanfront home for $15.9 million. Frank Del Rio, who retired in June, wants to go on more cruises, the WSJ reported. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementNorwegian Cruise Line Holdings' former president and CEO has listed his roughly 6,000-square-foot Vero Beach, Florida, mansion for $15.9 million. In June, Frank Del Rio retired from his eight-year run as the head of Norwegian Cruise Line Holdings, which oversees Oceania , Regent Seven Seas, and Norwegian itself.
Persons: Frank Del Rio, Organizations: Norwegian Cruise Line Holdings, Service, Cruise Line Holdings, Wall Street, Regent Seven Locations: Vero Beach , Florida, Oceania, Norwegian
Be the first to know about the biggest and best luxury home sales and listings by signing up for our Mansion Deals email alert. Former Norwegian Cruise Line CEO Frank Del Rio is listing his Florida vacation home for $15.9 million, he said, because now that he’s retired, he’ll be too busy cruising to spend time there.
Persons: Frank Del Rio, he’s, he’ll Organizations: Norwegian Cruise Locations: Norwegian, Florida
OCEANIA CRUISES PRESIDENT TAKES PRIDE IN HIS HISPANIC HERITAGE
  + stars: | 2023-10-11 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOCEANIA CRUISES PRESIDENT TAKES PRIDE IN HIS HISPANIC HERITAGEOceania Cruises President Frank Del Rio Jr. discusses keeping his Cuban culture alive while living in Miami.
Persons: Frank Del Rio Organizations: OCEANIA, PRIDE, HERITAGE Oceania Cruises, Frank Del Rio Jr Locations: Miami
This Cruise Line Can’t Turn You Down
  + stars: | 2023-03-09 | by ( Laura Forman | ) www.wsj.com   time to read: 1 min
Norwegian Cruise Line says it can trim marketing spending while maintaining the momentum it has gained. The “Great Cruise Comeback” is complete, Norwegian Cruise Line Holdings Chief Executive Frank Del Rio declared last week. Yet, his business still hasn’t arrived at the destination that matters most to investors: a positive bottom line. In December, Norwegian said in a filing it would be undergoing a broad and continuing effort to improve operating efficiencies to attain sustained profitable growth. That initiative started with big-ticket items like a 9% head-count reduction in current and planned shoreside roles.
The parent company of Norwegian Cruise Line says passengers are still splurging on luxury trips. There's no indication that consumers are "shying away from taking cruise vacations," its CEO said. "We simply haven't seen any indication that the consumer is shying away from taking cruise vacations," Frank del Rio, the CEO of Norwegian Cruise Line Holdings, said at its earnings call Tuesday. The Miami-based company owns Norwegian Cruise Line, Regent Seven Seas, and Oceania, which currently have 29 ships between them. Del Rio said that Norwegian Cruise Line reported record sales in November, in part because of Black Friday and Cyber Monday sales.
Norwegian Cruise Line shares fell more than 10% on Tuesday after the company posted wider losses than expected and offered soft guidance for the year, despite persistent travel demand. The cruise company reported fourth quarter losses of $1.04 per share, more than analysts' estimates of 85 cents. Norwegian is projecting losses of 45 cents per share in the first quarter, 10 cents higher than Wall Street had anticipated. "We've seen very, very strong record – near record booking levels dating back to November," said Del Rio. Royal Caribbean saw its stock jump after posting narrower than expected fourth quarter losses and bookings earlier in February.
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