While data shows the quality of airline service is deteriorating, a new report suggests customer satisfaction is improving, Today reports.» Read More
NEW YORK-- The young Citigroup analyst was researching Facebook before it went public. Friday, Massachusetts' top securities regulator dragged the incident into the spotlight, slapping Citigroup with a consent order and charging the bank $2 million for failing to oversee its employee.
NEW YORK-- A boom in hotel bookings drove Expedia's third-quarter results past Wall Street's expectations, lifting shares Friday. THE SPARK: Expedia Inc.' s third-quarter net income fell 18 percent, the online travel agency said late Thursday, but its results excluding one-time costs and 17 percent revenue growth impressed investors.
Check out which companies are making headlines after the bell Thursday.
BELLEVUE, Wash.-- Online travel agency Expedia Inc.' s third-quarter net income fell 18 percent, but its adjusted profit beat expectations. Expedia's core business is selling hotel stays through sites including Expedia and Hotels.com.
NEW YORK-- Best Buy said Wednesday two executives, including its U.S. president, are leaving the company as it eliminates the most senior level of its U.S. operations, the latest move by CEO Hubert Joly to turn around the struggling electronics chain. Shares of Best Buy fell 7.5 percent in after-hours trading.
Staving off a disruptive competitor is difficult. Just because a company’s disruptive nature gives it an advantage doesn’t mean its reign will last forever.
Shares of online travel companies fell Friday after Travelzoo Inc. warned investors that its third-quarter profit would likely shrink 40 percent from the prior year. Online travel companies such as Travelzoo, Expedia Inc. and Priceline.com Inc. are in intense competition for customers, who remain somewhat cautious about their spending.
NEW YORK-- Travelzoo's stock dropped to the lowest level in more than two years on Friday as the online travel company predicted that its third-quarter profit would shrink about 40 percent from a year ago. Travelzoo faces tough competition from other online travel companies such as Expedia Inc. and Priceline.com Inc..
NEW YORK-- The departure of Best Buy's chief financial officer could signal the beginning of a broader executive shake-up and Janney Capital Markets said Wednesday that new leadership will bring change an innovation to the struggling electronics retailer. We already are seeing changes happen quickly at Best Buy, and we believe more changes are the way. "
MINNEAPOLIS-- Best Buy said Tuesday that its chief financial officer is leaving, the latest executive departure for the struggling electronics chain. The news comes as Best Buy's founder and former chairman Richard Schulze mulls an offer for the company, which is attempting to improve results amid tough competition.
Oct 4- Fitch Ratings has affirmed the Issuer Default Rating for Expedia, Inc.. Expedia's ratings reflect a mix of credit strengths and concerns coupled with a reasonably conservative balance sheet.
NEW YORK-- Best Buy on Wednesday named an Expedia executive as head of its e-commerce operations. Scott Durchslag, 46, will be senior vice president of Best Buy and president online and global e-commerce, effective Monday. He will be responsible for all of Best Buy's global e-commerce channels, including BestBuy.com and mobile commerce.
Frontier Airlines caused a stir when it announced travelers who don't book directly with the airline will pay higher fees. But do the best deals always come from travel agencies? The New York Times investigates.
NEW YORK, Oct 2- Inspired by travel sites like Expedia, start-up Wiresurfer.com is promising to condense three days work into fifteen minutes for small companies shopping for telecommunications services.
It takes 17 Nasdaq 100 stocks to match Apple’s point impact on the index this year.
Although Priceline's outlook disappointed Wall Street on Tuesday, one analyst still has an “overweight” rating on the stock and said it is in a “good spot long-term” despite weakness in Europe.
Stocks closed out a volatile week with sharp gains Friday, with the Dow crossing above 13,000 for the first time since May, amid optimism that the Federal Reserve and the ECB may provide further stimulus to prop up the global economy.
Check out which companies are making headlines after the bell Thursday:
In the spirit of the Olympics, the Fast pros are competing against one another in an informal trading competition. Which of these plays will be gold medal worthy?
Although both Expedia and Priceline.com shares have surged this year, Europe presents a big question mark for travel stock analysts.