Pursuits
Carnival Falls as Cruise-Ship Disaster May Cost $95 Million
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Carnival Corp. fell the most in more than 11 years in London trading after saying the grounding of the Costa Concordia off Italy’s Tuscan Coast that killed at least six people will cost the company as much as $95 million.
Carnival, the world’s biggest cruise operator with brands including Cunard and Princess Cruises, dropped 16 percent to 1,878 pence, the biggest decline since 2000.