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Royal Caribbean cutting 400 jobs as fuel prices bite

Cruise operator Royal Caribbean Cruises Limited reported sharply lower second-quarter earnings Monday, blaming higher fuel prices, and said it would cut 400 jobs. Royal Caribbean earned US$84.7 million, or 40 cents a share, in line with Wall Street expectations...

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Rough Waters Ahead For Cruising? Royal Caribbean Cuts 400 Jobs

Hard times for the world of cruising? Royal Caribbean Cruises announced today that they have cut 400 jobs and are making other cost-cutting measures to reduce annual expenses by $125 million. Chairman and CEO Richard Fain has named soaring fuel prices and the economic downturn as a factor in the moves. The announcement followed lower-than-expected second quarter earnings. So far though, bookings have...

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Fuel costs hit Royal Caribbean; Cutting 400 jobs

Cruise operator Royal Caribbean Cruises Ltd. reported sharply lower second-quarter earnings Monday, blaming higher fuel prices, and said it would cut 400 jobs.

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Royal Caribbean Cruises profit narrows in Q2

Cruise operator hurt by doubling of fuel costs. 22 Jul 2008 8:31 AM

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Royal Caribbean cuts 400 jobs

By MARTHA BRANNIGAN mbrannigan@MiamiHerald.com Royal Caribbean Cruises, hammered by soaring fuel prices, unveiled plans Monday to eliminate 400 positions and slash operating expenses by $125 million, or 3.5 percent.

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Royal Caribbean Q2 net income falls amid record oil prices

SAN FRANCISCO (MarketWatch) -- Royal Caribbean Cruises late Monday reported its second-quarter net income fell to $84.7 million, or 40 cents a share, from $128.7 million, or 60 cents a share, a year earlier. Revenue increased to $1.58 billion from $1.48 billion in the same quarter last year. Analysts had forecast earnings of 40 cents a share on revenue of $2.05 billion. The company expects earnings...

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Jim Cramer’s Mad Money Stock Picks for Wednesday July 16 2008

Jim Cramer’s Mad Money Stock Picks for Wednesday July 16 2008. These are all of Jim Cramer’s stock picks that are a Buy! I bold my picks. Buy: American Superconductor (AMSC) Carnival Corp (CCL) Chesapeake Energy (CHK) CSX Corp (CSX) Gen Probe (GPRO) MDU Resources Group (MDU) Suncor Energy (SU) VF Corp (VFC) Western Gas Partners (WES) Yum! Brands (YUM) Sell: Ambac Financial Group (ABK) Domino’s Pizza...

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Cruise line says it broke wastewater discharge law

Royal Caribbean Cruises says it mistakenly broke state law in discharging about 20,000 gallons of wastewater into Chatham Strait in Southeast Alaska.

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Cruise line says it broke law discharging wastewater

Royal Caribbean Cruises says it mistakenly broke state law in discharging about 20,000 gallons of wastewater into Chatham Strait in Southeast Alaska.

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Zacks Analyst Blog Highlights: Carnival Corp., Royal Caribbean Cruises, ValueClick, Google and eBay

CHICAGO--(BUSINESS WIRE)--Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting

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Carnival: Higher Fuel Prices Cut Into Profits

Much like the seas during the summer months, cruise ship operator Carnival Corp. reports their earnings growth in the second quarter was flat.

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Carnival posts flat Q2, lowers 2008 estimate

Carnival Corp. said its second quarter earnings were nearly flat from last year, as fuel costs offset revenue growth of 17 percent. (CCL) (CUK)

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Carnival posts flat 2Q earnings on fuel cost

Cruise operator Carnival Corp. said Thursday its second-quarter earnings were nearly the same as a year ago as soaring fuel costs offset strong revenue growth. The company also lowered its guidance for the year.

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Carnival cuts '08 profit forecast on fuel costs

NEW YORK (Reuters) - Carnival Corp & Plc , the world's largest cruise operator, on Thursday lowered its forecast for full-year 2008 profit as high fuel prices hurt the cruise industry.