Carnival battered in wake of fatal shipwreck
Shares of Carnival Corp. fell sharply Tuesday, losing as much as 14% in the wake of the wreck of its cruise ship Costa Concordia off the Italian coast.
Reuters
The cruise ship Costa Concordia lists after running aground off the west coast of Italy at Giglio island on January 14, 2012.
The accident, which happened late Friday, killed at least 11 and several dozen more people remain missing. The captain of the ship has been put under arrest for abandoning the stricken vessel and its 4,000-plus passengers and crew to their fate, creating a public relations nightmare for the line.
Shares of Carnival CCL ?were last down $4.75 at $29.53. Rival Royal Caribbean RCL ? slipped 3.5% to $27.73.
The Costa Concordia is owned and operated by Carnival
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