Aug 11- Online travel agency Priceline Group Inc reported a better-than-expected quarterly profit due to a jump in international bookings for hotels, airlines and rental cars at the start of the summer travel season. A bulk of Priceline's bookings come from Netherlands- based Booking.com, Asia- based Agoda.com and UK- based Rentalcars.com.
Aug 6- Travel website owner Priceline Group Inc will invest $500 million in Chinese online travel company Ctrip.com International Ltd to broaden options for both companies in China. Shares of Ctrip rose about 8.6 percent in after-market trading to $65.65 while that of Priceline's were little changed.
SAN FRANCISCO, July 31- Seattle audio and video technician Todd Mueller showed up last year for what might have been a routine job except for one thing: Amazon.com Inc was taking notes. Amazon's experiment with services goes back to at least mid-2012 in its hometown of Seattle.
July 30- Yelp Inc, the operator of consumer review website Yelp.com, reported its first quarterly profit as a public company, shrugging of analyst forecasts of a loss as small business customers spent more on advertising. Yelp shares fell as much as 3 percent in extended trading, before recovering most of the lost ground.
July 30- Yelp Inc, the operator of consumer review website Yelp.com, reported its first quarterly profit as a public company, shrugging of analyst forecasts of a loss, as it won more small businesses customers. Yelp, which listed almost three years ago, competes with internet search engines from Google Inc, Yahoo Inc and Microsoft Corp's Bing.
In an unfortunate cycle, NYC's restaurants serve to revitalize neighborhoods but then are forced to close when rents start to rise. The NYT reports.
If there's a poster child for the sharing economy—both in popularity and controversy—taxi app Uber, valued at $17 billion, is hard to beat.
"Fast Money" trader Karen Finerman, makes a big bet that someone other than Priceline will make a bid on OpenTable.
Here's why Priceline's purchase of OpenTable is different than other deals we've seen lately, says Michael Yoshikami.
Jim Cramer says Priceline's bid for OpenTable is chock full of subtle messages.
Stocks rose on Friday, with equities on track for weekly losses.
CNBC's Mandy Drury breaks down how OpenTable's business model works and why Priceline made the hefty purchase. The Coppermans and Millers weigh in on the valuation.
*Intel up on outlook, OpenTable soars on Priceline deal. Intel Corp was one of the S&P 500' s biggest gainers and one of Nasdaq's most active name, but overall gains were capped as investors remained cautious about violence in Iraq, which has taken oil prices to their highest since September.
*Priceline's offer of $103/ shr a 46 pct premium. June 13- Travel website owner Priceline Group Inc will buy restaurant reservation website operator OpenTable Inc for $2.6 billion, aiming to broaden its services outside the increasingly competitive online travel industry.
Some of Friday midday movers:
*Intel up on outlook, OpenTable soars on Priceline deal. *Oil remains in focus as Iraq violence continues.
Priceline announces it is buying online reservation site OpenTable for $103 per share, or about $2.6 billion.
*Intel up on outlook, OpenTable soars on Priceline deal. Intel Corp was both the S&P 500' s biggest gainer and the Nasdaq's most active name, jumping 6.2 percent to $29.70 a day after the Dow component raised its full-year revenue outlook, citing stronger-than-expected demand for personal computers used by businesses.
Mark May, Citigroup, explains why he likes Priceline's announced acquisition of OpenTable for $2.6 billion. May says "from a valuation standpoint, it is very reasonable."
Here's one for the Freaky Friday files: Priceline announced it's buying OpenTable as four new IPOs come to market.