NEW YORK-- Travelzoo's third-quarter net income fell 42 percent due to declining sales on its airline search site.
Bank stocks rose broadly after Citigroup delivered a strong earnings report. Companies that rely on consumer spending, like Lowe's, TJX Cos. and Yum Brands, rose after the government reported that retail sales rose 1.1 percent in the U.S. last month.
NEW YORK-- Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:. Wells Fargo& Co., down 93 cents at $34.25. STMicroelectronics NV, up 36 cents at $6.
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, Oct 12- Travelzoo Inc:.
*Benchmark raises Travelzoo Inc price target to $24 from $22; rating. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
Priceline continues to hold a commanding lead over Apple and Google, with Mark Mahaney, Citigroup U.S. internet analyst.
Take a look at some of Wednesday’s morning movers:
The “Mad Money” host explains why he thinks Priceline is “best of breed.”
Mad Money's Jim Cramer pits online travel companies against each other to teach investors how to figure out which one is the best buy.
The recent job recovery has helped some hotels, reports CNBC's Brian Shactman.
Cramer makes the call on viewers' favorite stocks.
Federal agency rules against Taiwan HTC Corp stating some HTC smart phones using Google Inc.'s Android software infringe on an Apple patent, with Dan Ernst, Hudson Square Research principal.
Priceline is set to report Q3 earnings after the bell. The online discount travel firm has beaten estimates in the last four quarters. Can they do it again? The Fast Money crew discusses.
The tech giant is getting in the travel business, so what does this mean for the competition? Rocky Agrawal, Techcrunch contributor, and CNBC's Brian Sullivan & Herb Greenberg weighs in.
CNBC's Herb Greenberg has the details on Travelzoo's CEO stating there's been no contact with a company claiming to have made a tender offer for the company.
Discussing the state of the travel industry in the midst of the Hurricane Irene recovery, high unemployment and expensive gas prices, with Barney Harford, Orbitz Worldwide president/CEO.
The “Mad Money” host talks to CEO Christopher Loughlin to see if Travelzoo is now a bargain.
Chirs Louglin, TravelZoo CEO, shares insight on TravelZoo's business model and whether the world traveler is alive and well, with Mad Money host Jim Cramer.