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Trader's Blog
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Today's News
Cruise industry announces passenger bill of rights
11 hours ago
The cruise industry said Wednesday that it's adopting a passenger bill of rights that guarantees the "safety, comfort and care" of guests. The announcement by the Cruise Lines International Association, which represents 25 major companies including Carnival, Royal Caribbean, Norwegian, Holland America and Cunard, comes in the aftermath of the Carnival Triumph debacle. The ship drifted for several days earlier this year without power as passengers endured filthy conditions.
AP Top Extended Financial Headlines At 6:22 p.m. EDT
11 hours ago
CEO compensation from stock keeps growing as companies respond to shareholder activists JC Penney secures $2.25B loan, $500M more anticipated, as it seeks to stem sales decline
AP Top Financial News At 6:22 p.m. EDT
11 hours ago
Median CEO pay rises to $9.7 million in 2012 HP's slumps deepens in 2Q as earnings fall 32 pct Penney secures $2.25B loan as it seeks turnaround
Tesla uses stock, note sale to repay government
11 hours ago
Tesla Motors, which makes a highly acclaimed $70,000 electric car, has paid off a startup loan from the U.S. government nine years early. Tesla used money from a $968 million stock and note sale that closed Wednesday to repay the debt. The repayment is good for Tesla's image because the company no longer owes taxpayers money. And the government quickly touted the payment as an example of a success from an Energy Department loan program used to start clean-energy companies. The $34 billion loan portfolio has seen several high-profile defaults, including solar panel maker Solyndra, plus a potential default by electric car maker Fisker Automotive.
