• Carnival, Smart Global rise; Genworth, Lamb Weston fall

    3 days ago - By Chron

    NEW YORK - Stocks that traded heavily or had substantial price changes Wednesday:
    Genworth Financial Inc., down 13 cents to $3.38.
    The insurer pulled the plug on its long-delayed $2.7 billion sale to China Oceanwide Holdings Group.
    News Corp, down 14 cents $26.42.
    The owner of The Wall Street Journal and HarperCollins is offering $750 million in senior notes.
    Accenture Plc., up 94 cents to $282.57.
    The consulting company bought cloud analytics company Core Compete.
    Lamb Weston Holdings Inc., down $2.93 to $77.99.
    The frozen french fry maker reported weak fiscal third-quarter profits.
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  • Carnival says it lost $2 billion in 1Q but bookings are up

    4 days ago - By Chron

    Cruise giant Carnival Corp. said Wednesday that it lost $2 billion in the first quarter as its corner of the travel industry remained closed down in most of the world by the pandemic.
    Carnival said, however, that bookings have begun to pick up recently, and 2022 could be a strong year for cruises.
    Shares of the Miami-based company gained nearly 3% in midday trading, indicating that investors are much more concerned with where the company is going than where it has been.
    Carnival has either resumed service of plans to sail by this summer with nine ships in six of its nine brands. Costa...
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