Carnival

Midday Market Minute: Another Mishap for the Cruise Industry

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.

IPO Activity Heats Up Again

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.

Cruise Industry Hits a Patch of Rough Water

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.