Beleagured cruise ship company Carnival to raise $6 billion in stock and debt, shares jump


Carnival Cruise Line’s Fascination ship.

Getty Images

Carnival is issuing $6 billion in stock and debt as the beleaguered cruise ship company tries to shore up its finances after suspending operations following COVID-19 outbreaks on at least three of its ships. 

The company said Tuesday it plans to issue $1.25 billion in stock, $3 billion in secured notes and $1.75 billion in convertible notes all due 2023. Carnival’s stock dropped by about 15% in premarket trading after the announcement, but recovered after the markets opened and was up more than 9% at midday.

“We cannot predict when any of our

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Coronavirus expected to cripple US auto sales; automakers push 0% financing


An employee passes in front of vehicles on display for sale at a Nissan Motor Co. car dealership in Patchogue, New York, U.S., on Friday, April 27, 2018.

Johnny Milano | Bloomberg | Getty Images

Automakers are offering 0% financing, deferred payments and online tools in an attempt to salvage sales as the coronavirus pandemic cripples the auto industry.

As a result of skyrocketing jobless claims, weakening consumer confidence and state orders for residents to stay at home and nonessential businesses such as dealer showrooms to close, automakers this week are expected to report their worst sales declines in years.

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California Health Corps site scored 25,000 sign-ups in its first day


California Gov. Gavin Newsom updates the state’s response to the coronavirus at the Governor’s Office of Emergency Services in Rancho Cordova, Calif., Monday, March 23, 2020.

Rich Pedroncelli | AP

California Governor Gavin Newsom on Tuesday said 25,000 people signed up for the state’s new Health Corps site, in one day. The state is now vetting the licenses, specialties and looking to place eligible healthcare workers in roles at facilities where they are most needed throughout California.

Health Corps is seeking help from licensed doctors, nurses, respiratory specialists, dentists, paramedics and EMTs, pharmacists and others

Newsom also thanked Facebook

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JetBlue to cut flights in and out of hometown New York by as much as 80%


FILE PHOTO: JetBlue Airways aircrafts are pictured at departure gates at John F. Kennedy International Airport in New York June 15, 2013. REUTERS/Fred Prouser/File Photo – S1BETUZUQMAA/File Photo

CHICAGO (Reuters) – JetBlue Airways Corp (JBLU.O) plans to reduce daily flights in and out of the four New York City-area airports where it operates by as much as 80% in April as part of wider schedule cuts due to the coronavirus outbreak, a spokesman said.

Airlines worldwide are drastically scaling back their flying schedules as the coronavirus outbreak and government restrictions on movement in response to it drives down

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