An American Heart Association study is likely to dent shares of Monster Beverage. It found that energy drinks can increase blood pressure, which can disturb hearth rhythm.
From another cruise ship mishap to big banks finally free to pay dividends again, here are last week's smartest moves and biggest blunders in the business world.
It's been an interesting week in the world of business, from a smartphone pioneer losing another major client, to travel troubles on land and sea that have cost two companies some serious goodwill. Here's a rundown of this week's biggest wins and losses.
The Carnival Triumph is being towed to a port in Mexico after an engine room fire knocked out the ship's power. Carnival could have to refund money to lots of disappointed customers. The company is also under investigation for possible violations, and could face a huge fine.
Investor uncertainty, the fiscal cliff debate, and the misadventures of some high-profile initial public offerings last year have led to a lack of new issues recently. But that's about to change.
Market leader Carnival issued disappointing guidance during last week's quarterly report. Rival Royal Caribbean is running into obstacles in financing its next mega-ship. Norwegian Cruise Line wasn't in the news, but NCL hasn't been able to complete its IPO since calling it off last year.
In what's believed to be the first protest of its kind in the Cayman Islands, social justice group Code Pink demonstrated against the British territory's use as a tax haven. Their rallying cry: $150 billion a year could be recovered from these havens to end the U.S. budget deficit and avoid the "fiscal cliff."
Shares of Royal Caribbean coasted higher on Thursday after the cruise line posted an encouraging quarterly report -- and market leader Carnival followed in its wake. But it's when you dive deeper into the numbers that you can see how things will be getting even sunnier in days ahead.
All the smartphone hype now is about the iPhone 5 and the latest Androids. But once, it was the BlackBerry people couldn't live without. Well, Research In Motion is still making them, and folks are still buying them. How many will become clearer this week when RIM reports its quarterly results.
Maybe it's time for Carnival to beach its Costa brand. The cruise line suffered another ugly mishap this week when a fire aboard the Costa Allegra left the ship powerless on the Indian Ocean, stranding passengers for three days with no hot food, air conditioning or running water.
Last weekend's Costa Concordia accident, when the Carnival luxury liner tipped over after running aground on a rock off the Tuscan coast, was a thankfully rare tragedy. But even one such event is enough to scare some people away from floating vacations. If you're not one of the skittish, that temporary slowdown in bookings is just one reason this is a great time to schedule a cruise.
Wall Street can be fickle, leaving investors scratching their heads in bewilderment. Some of last week's biggest surprises, blunders, and flat-out boneheaded moves included Netflix's misguided pricing hike, ill-timed IPO announcements by Norwegian Cruise Lines and Zillow, and Trex going the way of Lumber Liquidators.