- A + A (Jan 22): The Crystal Symphony , a luxury cruise ship operated by financially-strapped Genting Hong Kong Ltd, will be seized to repay US$1.2 million (about RM5.02 million) in unpaid fuel bills if it docks in Miami on Saturday (Jan 22) amid reports the vessel is being diverted to the Bahamas after a US court issued an arrest warrant. A US marshall and a court-appointed custodian are ready to arrest the ship if it comes into the port as scheduled on Saturday morning in the Florida port city, according to J Stephen Simms, the lead attorney representing Peninsula Petroleum Far East Pte Ltd who said he had been told of the plan. Peninsula Petroleum filed a lawsuit in the US district court seeking to recoup US$4.6 million in total unpaid fees for bunker fuel it had delivered to three of Genting’s ships since 2017. A US federal district judge in Miami issued the arrest warrant for the Crystal Symphony on Thursday, according to Simms and trade publication … [Read more...] about US ready to seize Genting Hong Kong cruise ship on unpaid fuel bills
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Entertainment conglomerate Walt Disney ( NYSE:DIS ) receives a lot of attention these days for its thriving Disney+ streaming service, but it's important not to forget the cruise lines, theme parks, and other aspects that contribute to the bottom line. That diversification has helped the iconic company to be a winning stock in the long-term. However, it may leave shareholders wanting more this year. Investors should consider these three potential red flags heading into 2022. 1. Resorts and cruise lines are still struggling Disney's fantastic intellectual property drives most investor attention to its streaming service Disney+, but other significant parts of the business are still struggling through the pandemic. Disney's parks and experiences segment houses its resorts and cruise lines -- tourism-driven businesses -- and the drop in travel from COVID-19 has significantly impacted revenue and profits. Image source: Getty Images. Let's look at the numbers. In 2019, parks … [Read more...] about Will Walt Disney Stock Underwhelm in 2022?
Share to Twitter Share to Linkedin Twelve hours before Verizon, AT&T and other telecoms began broadcasting 5G signals, airports in the East, Midwest and West more or less shrugged at the possibility of flight delays and cancellations resulting from 5G-related FAA flight restrictions, revealing nothing in the way of contingency or mitigation planning. If you’re reading this in an airport terminal this morning or afternoon, your experience may be routine or scrambled depending on weather at your departure or destination points. The CEOs of major U.S. airlines, including American Airlines AAL , Delta Air Lines DAL , JetBlue Airways JBLU and United Airlines, warned in a Monday letter to the FAA of potential “catastrophic disruption” to air travel and shipping with 5G deployment near airports. On Tuesday afternoon, major airports left the prospect of disruption unaddressed even as several international carriers including Emirates, Japan Airlines and … [Read more...] about Major Airports Across the Country Are Not Exactly Bracing For 5G Fallout
It's natural and ultimately healthy to see analysts chime in with opposing views of a particular investment. We saw that on Friday with dissenting views on Walt Disney ( NYSE:DIS ) . Guggenheim is downgrading the stock on the final trading day of the week. J.P. Morgan is also chiming in with an update, continuing to tap Disney as its top pick in the media industry. Who is right? One trait of successful investing is being able to see both sides of an investing story. Let's take a closer look at the two diverging updates from leading Wall Street pros. Image source: Disney. Down with the mouse Michael Morris at Guggenheim is downgrading Disney stock from buy to neutral. He's also lowering his price target on the shares from $205 to $165, translating into just 6% of projected near-term upside in the shares. Morris is concerned about near-term challenges to the bottom line. The slowdown in growth for the Disney+ streaming service is well known, and it's a key factor in … [Read more...] about Wall Street War: A Tale of 2 Disney Stock Analysts
Image source: The Motley Fool. Prologis ( NYSE:PLD ) Jan 19, 2022 , 12:00 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Ladies and gentlemen, thank you for standing by. My name is Brent, and I will be your conference operator today. At this time, I would like to welcome everyone to the Prologis Q4 2021 earnings conference call. [Operator instructions] It is now my pleasure to turn today's call over to Jill Sawyer, vice president of investor relations. Please go ahead. Jill Sawyer -- Vice President of Investor Relations Thanks, Brent, and good morning, everyone. I'm standing in for Tracy today. Welcome to our fourth quarter 2021 earnings conference call. The supplemental document is available on our website at prologis.com under investor relations. I'd like to state that this conference call will contain forward-looking statements under federal securities laws. These statements are … [Read more...] about Prologis (PLD) Q4 2021 Earnings Call Transcript