CHICAGO— Orbitz Worldwide Inc. has named Scott Forbes as its non-executive chairman, the online travel company said on Monday. Forbes has been on the board of Orbitz since June 2013 and he's served as chairman of U.K. real estate website Rightmove PLC, since 2005.. In morning trading, Orbitz shares added 13 cents to $7.49.
*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.
As a heavy snowfall smothered activity around Wall St., traders worried a negative retail sales report contains bigger warnings about the economy.
*RevPAR from Asia, excluding China, falls 3 pct. An austerity drive by China's government and slow economic activity in the rest of Asia are weighing on U.S. hoteliers' results.
Some of Thursday's midday movers:
Feb 13- Orbitz Worldwide Inc, an online travel agency, reported a higher-than-expected quarterly profit on Thursday as it booked more hotel stays and vacation packages. Earnings were $5.3 million, or 5 cents a share, in the fourth quarter, compared with a loss of $314.6 million, or $2.96 a share, a year earlier.
Earnings were $5.3 million, or 5 cents a share, in the fourth quarter, compared with a loss of $314.6 million, or $2.96 a share, a year earlier.
*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.
*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.
Geostellar, a startup backed by power producer NRG Energy Inc, is seeking to become the Expedia or Orbitz of the solar industry-- a one-stop shop where consumers can not only compare the benefits of leasing solar panels versus buying them outright, but ultimately sign up to install a system.
Despite a stellar 5-year advance, Cramer thinks this is the cheapest momentum stock in the market.
Take a look at Tuesday's midday movers:
Nov 5- Online travel agency Orbitz Worldwide Inc posted quarterly earnings that trailed forecasts as costs rose and said it expects revenue from its airline ticketing business to decline in the fourth-quarter. Orbitz shares, which have tripled this year, fell as much as 23 percent in morning trading on Tuesday.
After posting a lower Q3 profit, Barney Harford, Orbitz Worldwide CEO, tells CNBC's Simon Hobbs the travel site announced a strong Q3. For now, he's focused on the launch of Orbitz Rewards.
*Quarterly profit of 11 cents/ share vs estimate 13 cents. Nov 5- Online travel agency Orbitz Worldwide Inc posted quarterly earnings that trailed forecasts on Tuesday as costs rose. Net income was nearly $13 million, or 11 cents a share, in the third quarter, down 12 percent from $14.8 million, or 14 cents a share, a year earlier.
Nov 5- Orbitz Worldwide Inc, the online travel agency, posted a lower quarterly profit on Tuesday, as costs rose. Net income was nearly $13 million, or 11 cents a share, in the third quarter, compared with $14.8 million, or 14 cents a share, a year earlier. Revenue was up 11 percent to $220.9 million.
Days after the launch of government-run health insurance marketplaces, high traffic continues to thwart enrollment on the Obamacare exchanges.
Stocks snapped a three-day losing streak Thursday, with the S&P 500 finishing just below the 1,700 mark, buoyed by stronger-than-expected Chinese trade data and following a favorable jobless claims report.