Tuesday, January 17, 2012

Carnival Gets Slammed on Wall Street

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tdp2664 InvestorPlace What a difference a disaster makes. The wreck of the Costa Concordia is exacting a severe price. First and most tragically important are the lives that have been lost. The count is up to 11 as of Tuesday morning, with many more still missing. Now also at risk is the pristine shoreline along the Italian island of Giglio, as the stricken and gashed-open ship threatens to spill highly toxic fuel into water. The area is part of a national park and is home to many land and seagoing animals, some of which are already endangered . Carnival (NYSE: CCL ), which is the parent of the Costa Concordia's owner Costa Cruises, has hired a salvage firm to attempt to unload the fuel with the least amount of damage possible. Third are the damages that Carnival — and its shareholders



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