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TheStreet Open House

Business Highlights

By The Associated Press

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Carnival cancels 12 more cruises on troubled ship

HOUSTON (AP) â¿¿ Carnival Cruise Lines has canceled a dozen more planned voyages aboard the Triumph and acknowledged that the crippled ship had been plagued by other mechanical problems in the weeks before an engine-room fire left it powerless in the Gulf of Mexico.

The company's announcement on Wednesday came as the Triumph was being towed to a port in Mobile, Ala., with more than 4,000 people on board, some of whom have complained to relatives that conditions on the ship are dismal and that they have limited access to food and bathrooms.

The ship will be idle through April.

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Feds roll out cyber plan as Hill vows legislation

WASHINGTON (AP) â¿¿ Declaring that America is losing an aggressive cyber-espionage campaign waged from China, administration officials and lawmakers on Wednesday agreed to push legislation that would make it easier for the government and industry to share information about who is getting hacked and what to do about it.

They say this new partnership, codified by law and buoyed by President Barack Obama's new executive order, is critical to keeping countries like China, Russia and even Iran from rummaging in American computer networks and targeting proprietary data they can use to wreak havoc or compete against U.S. businesses.

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EU, US to push for trans-Atlantic trade deal

BRUSSELS (AP) â¿¿ The European Union and the United States announced Wednesday that they have agreed to pursue talks aimed at achieving an overarching trans-Atlantic free trade deal.

The 27-country EU said such an agreement, first announced in Tuesday's State of the Union address by President Barack Obama, would be the biggest bilateral trade deal ever negotiated. Any agreement could boost the EU's economic output by 0.5 percent and the U.S.'s by 0.7 percent, according to some estimates. That would be a highly desirable outcome when the EU and the U.S. are both struggling with slow growth, high unemployment and high levels of debt.

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