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Carnival loses $2.8 billion but sees solid 2022 bookings

Carnival Corp. lost $2.8 billion in the third quarter, but shares rose Friday after the cruise line operator said bookings for the second half of next year are running ahead of 2019 levels. ...

Feds say tougher rules needed to protect Texas power plants

DALLAS (AP) — Federal officials made more than two dozen recommendations Thursday aimed at further safeguarding power plants and natural gas supplies to prevent a repeat of the February blackouts that...

GM says production starts on replacement batteries for Bolts

General Motors said Monday that production has resumed for battery modules used in recalled Chevrolet Bolt electric vehicles, and customers could start getting replacement parts by mid-October. ...

Carnival CEO discusses cruise lines, the pandemic, politics

Carnival Corp., once a $21 billion company, saw revenue plunge to zero overnight last year when the pandemic shut down the cruise industry. It's CEO Arnold Donald's job to navigate u...

Norwegian Cruise Line threatens to skip Florida ports

Norwegian Cruise Lines is threatening to steer clear of Florida after the governor signed an order banning businesses from requiring that customers show proof of vaccination against COVID-19. ...

Source: Swiss billionaire drops bid for Tribune Publishing

A Maryland hotel executive is trying to assemble new financing for a $680 million offer to buy Tribune Publishing after his partner, a Swiss billionaire, pulled out of the bidding for the newspaper ch...

Norwegian Cruise Line to resume trips in Greece, Caribbean

Norwegian Cruise Line is putting three of its ships back in the water after a one-year pandemic hiatus, with plans to resume sailings in the Greek islands and the Caribbean in late July and August. ...

Hit by pandemic, oil giants Exxon, BP post huge 2020 losses

DALLAS (AP) — Oil giants Exxon and BP reported staggering losses for 2020 on Tuesday as the pandemic crushed energy demand and undercut oil prices. Exxon Mobil Corp. reported the lar...

Demand for deliveries pushes FedEx 2Q profit to $1.2 billion

FedEx Corp. more than doubled its profit in the latest quarter, as holiday packages were being stuffed into delivery trucks alongside everyday goods that people buy online to avoid visiting stores dur...

FedEx reports a loss, but revenue tops Street expectations

FedEx Corp. flipped to a $334 million loss in its fiscal fourth quarter, but its revenue and adjusted profit beat Wall Street expectations as the virus pandemic continues to fuel a boom in online shop...

3M fires back at Trump over order to produce more face masks

Manufacturing giant 3M pushed back Friday against criticism from President Donald Trump over production of face masks that are badly needed by American health care workers. 3M said t...

Gas is cheap, but for many motorists there's nowhere to go

DALLAS (AP) — U.S. gasoline prices have dropped to their lowest levels in four years, and they are almost sure to go lower as oil prices plunge. Price-tracking services put the natio...

Cruise stocks sink after missing out on economic-relief bill

Shares of cruise lines have taken on more water after the industry's major players were shut out from government assistance as part of the major economic-recovery bill signed by President Donald Trum...

Demand for fast, online delivery drives UPS 3Q

DALLAS (AP) — UPS is doing booming business in next-day deliveries in the United States while keeping costs under control, but the weakening global economy is contributing to disappointing revenue gro...

UPS gets government approval to become a drone airline

DALLAS (AP) — UPS says it has won government approval to run a drone airline, a first for a U.S. company, and it plans to expand deliveries on hospital campuses and eventually other industries. ...