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Expedia and Marriott extend promotional deal
By The Associated Press | 31 Oct 2008 | 10:32 AM ET
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BELLEVUE, Wash. - Online travel company Expedia Inc., and Marriott International Inc. said Friday they have reached a new multiyear deal that extends Marriott's access to Expedia's promotional and merchandising offerings.

Financial details were not disclosed.

Expedia shares dropped 61 cents, or 6 percent, to $9.54 in morning trading, after touching an all-time low of $9.38 earlier in the session. The stock has traded between $9.66 and $34.66 during the past 52 weeks.

Marriott shares fell 3 cents to $20.25.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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