Dara Khosrowshahi, President & CEO, Expedia, discusses its recent acquisition of Orbitz and its brands.» Read More
As ancient doomsday predictions draw near, hotels and restaurants are launching tongue-in-cheek promotions to profit from the fiery apocalypse forecasts surrounding Dec. 21, one Mayan Calendar's end date.
Some of the names on the move ahead of the open.
A quick market recap of what happened on Friday.
Competitive pricing helped the top-ranked travel websites shine, according to a new online satisfaction survey released Friday by J.D. Power and Associates.
NEW YORK-- Shares of online travel companies soared Friday after both Priceline.com and TripAdvisor reported better-than-expected quarterly results. Priceline.com Inc.' s profit jumped 27 percent as customers made more travel bookings on its website.
With power still out and phone service sketchy after Hurricane Sandy, travelers are turning to the web in hopes of booking a New York room.
Shares of TripAdvisor and Priceline.com jumped before the opening bell Friday after both surprised investors Thursday with better-than-expected third-quarter profit. Priceline.com Inc.' s profit grew 27 percent as customers made more travel bookings on its website.
Expedia Chief Executive Dara Khosrowshahi said Hurricane Sandy will hurt its results, though he couldn't estimate the total cost.
NEW YORK-- Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:. Arch Coal Inc., up 78 cents at $8.09. Goodyear Tire& Rubber Co., down $1.28 at $11.02.
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.