Sunday, March 29, 2009

"CARNIVAL" /"ROYAL CARIBBEAN"— credit rating downgrades and negative outlooks for 2009 and 2010.

Friday, March 27, 2009, 12:18pm EDT Modified: Friday, March 27, 2009, 12:38pm
Tampa Bay Business Journal - by Ed Duggan South Florida Business Journal

"The negative rating outlook reflects S&P’s continuing concerns that the weakened state of the economy and the pullback in consumer spending will challenge Royal Caribbean’s ability to fill its ships at profitable rates."
"...Carnival and Royal Caribbean have cruise ship departures from Tampa.
Carnival shares were down 48 cents to $22.66 in late morning trading. The 52-week high was $43.54 on April 2. The 52-week low was $14.85 on Nov. 21.
Royal Caribbean shares were down 38 cents to $8.93 in late morning trading. The 52-week high was $35.98 on April 1. The 52-week low was $5.40 on March 3."

Hundreds of Walt Disney World employees were handed pink slips and escorted off the property March 26, Orlando Business Journal broadcast partner Central Florida News 13 is reporting.
Sources told the station that the layoffs involve from 400 to 800 people, but Disney officials would not confirm the number. Disney said layoffs are part of the restructuring announced last month.
Disney officials told the station the layoffs fall under three categories:
Restructuring back office operations in all parks and resorts.
Improving operational efficiencies.
A need for fewer positions because of falling demand at the parks and resorts.
The station reported the restructuring is not affecting union workers.
"Our members' contract provides guarantee on hours, job security and wage increases, so none of our members are affected by these changes," Unite Here Local 362 President Eric Clinton told the station.(THE SAME SOURCE)

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