Early numbers show travelers are looking to book bigger and better vacations as soon as the weather warms up.» Read More
NEW YORK— As the air gets warmer and spring blossoms, the season of music festivals is upon us. From Bonnaroo Music& Arts Festival in Tennessee in June to Lollapalooza in Chicago in August, music lovers across the country will soon begin to flocking to festivals, which can draw hundreds of thousands of fans.
DALLAS— Shares of Sabre Corp. ended higher Thursday, but the provider of technology services to the travel industry raised less money than it had projected in its initial public offering. Private-equity owners TPG and Silver Lake will keep about 80 percent of the company, which the IPO valued at around $4 billion.
*Adjusted profit of $8.85 compares with analyst estimate of $8.29. Feb 20- Priceline.com, the online travel agency known for its name-your-own-price auctions, posted a higher-than-expected quarterly profit on Thursday, boosting shares in extended trading.
District Judge Jane Boyle in Dallas found that the lawsuit, brought by consumers who claimed they paid inflated prices for their rooms, failed to adequately show that such a conspiracy existed.
Feb 13- Orbitz Worldwide Inc reported a higher-than-expected quarterly profit on Thursday and said it was making investments to improve its airline-ticket business, sending its heavily shorted shares up 28 percent for their biggest gain since August.
Dara Khosrowshahi, Expedia president & CEO, discusses Expedia's strong growth and travel trends. Khosrowshahi also explains the effects of the harsh winter weather on the travel industry.
Feb 11- Online travel planning company TripAdvisor Inc said it had dismissed Ernst& Young as its auditor and appointed KPMG, effective immediately, but gave no reason for the change. Shares of TripAdvisor, which also reported stronger-than-expected fourth-quarter revenue, were down about 1 percent in extended trading on Tuesday.
*Apple leads market higher on buyback boost. *Online travel agencies' shares fly after Expedia results. NEW YORK, Feb 7- U.S. stocks jumped on Friday, giving the S&P 500 its first weekly gain in four as the impact of a weak reading on the labor market was dulled by harsh weather conditions and traders focused on expectations of further economic strength.
U.S. stocks rose on Friday after the unemployment rate fell and payrolls climbed less than predicted.
*Apple leads market higher on buyback boost. *Online travel agencies' shares jump after Expedia results. NEW YORK, Feb 7- U.S. stocks climbed on Friday, setting the S&P 500 on track for its first weekly gain in four as a weak reading on the labor market was partly blamed on the weather and traders focused on expectations of further economic strength.
Some of Friday's midday movers:
*January payrolls disappoint, December revised up slightly. NEW YORK, Feb 7- U.S. stocks edged up on Friday as a weak reading on the labor market was partly blamed on the weather and initial disappointment was replaced with expectations of further economic strength.
*EU puts pressure on Switzerland to change rules. Inc is shifting its main European tax base to Ireland from Switzerland, a Reuters examination of company statements and accounts shows, as pressure mounts on the Alpine nation to abolish some corporate tax incentives.
Some of the names on the move ahead of the open.
Companies making headlines after the bell Thursday.
Expedia reported a higher quarterly profit as revenue topped expectations, aided by growth in hotel room nights. Its shares rose in extended trading.
Markets are in wait-and-see mode ahead of Friday's jobs report, but there are a few events Thursday that could sway the market's direction.
As some hotel chains are going smoke free, smokers can search 250,000 smoking-allowed rooms on a new booking website.
Traders await Friday's jobs report and watch emerging markets to see if the selloff can be contained.
*Google would escape possible fine of up to $5 bln. BRUSSELS, Jan 29- Google is close to settling a three-year European antitrust probe with "much better" concessions to allay concerns over blocking rivals such as Microsoft from internet search results, two sources said on Wednesday.