Carnival Corp. said it has been granted approval to begin travel to Cuba by both the U.S. Department of Treasury and the U.S. Department of Commerce. The cruise ship operator plans to start taking travelers to Cuba in May 2016. "We are excited about receiving U.S. approval as the very important first step to ultimately take travelers to Cuba under the existing 12 criteria for authorized travel," said Chief Executive Arnold Donald. "We know there is strong demand from travelers who want to immerse themselves in Cuban culture, so this is a historic opportunity for us to enable more people to experience Cuban society." The stock, which was unchanged in premarket trade, has climbed 8.9% year to date, while the S&P 500 has gained 0.5%.
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