Counting the cost: The cruise group is expected to lose millions after the grounding of the Costa Concordia
Shares in the FTSE 100-listed Carnival Corporation – owner of the cruise ship which capsized off the Italian coast – fell as much as 23% today after it said the disaster could cost it at least $135 million (88.2 million).
The capsizing of the Costa Concordia came at the peak time for the cruise industry, with around one third of all bookings taking place between January and March.
Carnival today said it expects to lose between $85 million and $95 million in earnings for the year to November on the basis that the Concordia will be out of action at least that long.
The State of Hawaii and Coast Guard will host a public meeting Tuesday about the security plan for when American Safari Cruises American Safari CruisesLatest from The Business JournalsAmerican Safari Cruises plans to return to MolokaiCruise cancellations worry Molokai Chamber presidentCruise ship to skip Molokai stop for a third time Follow this company resumes port calls for Kaunakakai Harbor on Molokai.
The meeting, from 4:30 p.m. to 6:30 p.m. at Mitchell Pauole Community Center in Kaunakakai, will discuss plans for the cruise liner to resume visits to the port on Jan. 2
Doug and Heather Klof moved to Denver from Los Angeles via Portland in March as part of DaVita’s corporate relocation.
“I came to visit in February and fell in love with Denver,” said Heather Klof. “It was a very easy move for us and a good transition. We are happy here.”
Sam and Isobel Brooks and their 2-year-old son, Alex, came to Boulder County in August from New York, without jobs lined up.
“My primary reason for moving was to give my son a good environment to live in,” Sam Brooks said. “I had my heart set to come here, and nothing was going to deter me. It was going to happen.”
The two couples are among the 31,195 people the U.S. Census Bureau estimates relocated last year to Colorado from other states, after subtracting out those who left.
Rackspace US Inc., a subsidiary of Rackspace Hosting Inc., has entered into an agreement to lease data center space near Dallas.
The San Antonio-based cloud and managed hosting company signed the lease for 58,200 square feet of raised floor space in Richardson, which is north of Dallas, according to a report filed with the Securities and Exchange Commission. The lease was signed on Dec. 29 with Collins Technology Park Partners LLC, an affiliate of Digital Realty Trust Inc.
A 15-year lease for half of the space will begin in August. Another 15-year term for the remaining space will commence on Aug. 1, 2015.
The total estimated obligation for the lease over the 15-year terms is about $134 million, the report filed with the SEC states.
The 47-year-old was in the midst of implementing his strategic vision for the bank last September when he was having trouble sleeping, but it was not until his wife Ana became increasingly worried in November that he sought help.
The Portuguese-born banker, who spent a week in the Priory clinic, admitted he “could not switch off” after he “focused too much on too many details”.
Lloyds saw its shares slump when Mr Horta-Osorio stepped down, amid fears his departure could turn permanent and derail progress made with reviving the taxpayer-backed bank.
Lloyds, which is 40.2% state-owned, previously said it completed a rigorous process, including independent medical advice, before deciding its chief executive was fit to return.
The bank has agreed to an initiative from Mr Horta-Osorio which will reduce his direct reporting lines and strengthen the roles of its senior management team.
Mr Horta-Osorio said he realised something was wrong at the beginning of September when he noticed that he had trouble sleeping.
AMSTERDAM (AP) — Royal Philips Electronics NV has warned that its fourth quarter profits were worse than expected due to a weak European market that made it difficult to charge customers as much as it wanted to for light bulbs.
Philips, the world’s largest lighting maker, is due to report full earnings on Jan. 30.
The company said free cash flow would be euro1 billion ($1.28 billion) compared with euro1.2 billion a year ago. Sales grew by a “mid single digit” amount, but margins slipped, the company said.
Operating profits in the fourth quarter were around euro500 million at a margin of at least 7 percent of sales, Philips said.
Counting the cost: The cruise group is expected to lose millions after the grounding of the Costa Concordia 
after subtracting out those who left.