Cruise giant Carnival has signed on to stay in the River City. Local TV station WTEV-47 has learned Carnival signed another one year contract with Jacksonville Port Authority for the Dames Point Terminal. That contract includes an option to extend to 2014 and other options.

Chile's LAN Airlines said Friday it has completed its takeover of Brazilian airline TAM, creating Latin America's biggest airline, LATAM Airlines Group. The deal began in May and concluded following a share exchange.

Travel group Thomas Cook is to shed hundreds of jobs at its administration office in Bradford in the north of England. The company announced that the centre is to close with the loss of 537 jobs. A company spokesman said that 468 jobs were at risk of redundancy while 609 jobs will be transferred to an office in Birkenshaw.