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Carnival Cruise Lines Initial Public Offering News

Carnival Drops as CEO Oversees Shipwreck Response From Miami

Carnival Corp. dropped the most since September 2001 after the cruise company’s worst accident, as Chief Executive Officer Micky Arison oversees the response from Miami, 5,000 miles (8,000 kilometers) from the Italian site.

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Carnival CEO Oversees Response to Italy Disaster From Miami

Carnival Corp.’s Micky Arison, who built the cruise company to almost $16 billion in annual revenue, is overseeing the response to its worst accident from Miami, more than 5,000 miles (8,000 kilometers) from the site.

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Carnival’s CEO Faces Fallout From Worst Accident in 40 Years

Carnival Corp.’s Micky Arison, who built his company to almost $16 billion in annual revenue as he helped popularize cruise-ship vacations, must now deal with the fallout from the worst accident in the company’s history.

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Business briefs

Cruise bookings fall after Concordia wreck

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Costa offers US$14,460 per person for ruined cruise

Costa Crociere SpA is offering uninjured passengers US$14,460 apiece to compensate them for lost baggage and psychological trauma after its cruise ship ran aground and capsized off Tuscany when the captain deviated from his route.

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