Expedia has acquired online travel agency Travelocity for $280 million in cash, the companies said in a statement on Friday.» Read More
Jeffery Boyd, CEO, Priceline.com, discusses the details of the cash and stock deal, and the growing competition among online travel sites.
Kayak has agreed to be acquired by Priceline, Kayak said on Thursday when it released its third quarter earnings report.
U.S. stock funds attracted $1.06 billion in inflows in the week ended Oct. 31, the first batch of new money for the funds since raking in $7.51 billion in the week following the Federal Reserve's announcement that it would buy $40 billion in mortgage-backed securities per month until the job market improves, the fund-tracking firm said.
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.
In the last big piece of economic news before Tuesday's presidential election, the Labor Department said employers added 171,000 jobs last month, while the unemployment rate ticked up to 7.9 percent. Stocks in Europe and the U.S. rose after the report was released at 8:30 a.m. Eastern time, then gave back much of those gains.
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.
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..
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.
Here are Citigroup's top three Internet large-cap names for the second-quarter earnings season.
Although both Expedia and Priceline.com shares have surged this year, Europe presents a big question mark for travel stock analysts.
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For investors concerned about the European crisis, CNBC compiled a list of multinationals with the most overseas exposure.
If you like the comfort of booking your stay on a hotel-owned website and dealing directly with the property, consider a new option, RoomKey.com, which is designed to compete with online travel agencies.
Are investors selling Apple to raise cash to buy Facebook? It seems so, say several brokers who have been watching Apple's stock price fall.
As the busy summer car-rental season begins, prices are forecast to spike, The New York Times reports. Here are some tips for keeping costs down.