Some of the names on the move ahead of the open.» Read More
*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.
June 4- Airline ticketing company Travelport Worldwide Ltd, owned by private equity firm Blackstone Group LP, filed with U.S. regulators on Wednesday to raise up to $100 million in an initial public offering of common stock. The Atlanta, Georgia- based company listed Morgan Stanley and UBS Securities as lead underwriters for the offering.
May 8- Travel website owner Priceline Group Inc reported higher-than-expected quarterly profit on Thursday as it booked more hotel stays, car rentals and airline tickets. Priceline is "executing well," said Dan Kurnos, an analyst with Benchmark Co. Its shares rose 1.3 percent.
To save on your summer vacation, you'll need to get creative. Here are six tricks to cut airfares and hotel stays with minimal effort.
Wal-Mart announced a new marketing partnership with AutoInsurance.com, a comparison website for drivers.
Some of Monday midday movers:
Some of the names on the move ahead of the open.
Some of Friday's midday movers:
*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.
Orbitz CEO Barney Harford says mobile is a huge strategic focus for the travel site and weighs in on a "great 2014."
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.
Despite a stellar 5-year advance, Cramer thinks this is the cheapest momentum stock in the market.