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Stock Market & Financial Investment News

News Breaks
August 7, 2014
08:12 EDTCTRP, PCLNCtrip.com deal will enhance leadership position, says Oppenheimer
After Ctrip.com (CTRP) received a $500M investment from Priceline (PCLN) and the two companies strengthened their existing partnership, Oppenheimer thinks the deal will further enhance Ctrip.com's leadership position in China. The firm keeps an Outperform rating on Ctrip.com.
News For CTRP;PCLN From The Last 14 Days
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September 29, 2014
17:08 EDTCTRP, PCLNPriceline reports 5.84% stake in Ctrip.com
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September 28, 2014
19:38 EDTCTRPCtrip.com to purchase certain premises in Sky SOHO
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September 25, 2014
15:05 EDTCTRPData suggest Ctrip.com may beat Q3 revenue guidance, says Piper Jaffray
Piper Jaffray said its analysis of China hotel and air travel data in the first two months of Q3 suggests Ctrip.com should at least hit the high end of its 30%-35% revenue growth forecast and may beat it, but by a lower amount than the company has previously beat in prior quarters. The firm maintains its Neutral rating on Ctrip, citing the volatility in China travel fundamentals.
September 23, 2014
10:17 EDTCTRPCTA president sees Chinese spending $155B overseas this year, China Daily says
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September 22, 2014
12:11 EDTPCLNTripAdvisor sinks after data breach at just acquired unit
Shares of TripAdvisor (TRIP) are falling after the company's Viator unit reported today that it had experienced a data breach. TripAdvisor operates websites with information about travel destinations and flights. Viator, whose acquisition by TripAdvisor closed in August, features more than 20,000 bookable tours and attractions and more than 600,000 reviews, photos, and videos submitted by travelers, TripAdvisor has stated. WHAT'S NEW: Viator stated that it was informed on September 2 that unauthorized charges had been made on a number of its customers' credit cards. The data breach that the unit experienced could affect payment card data that was used to make bookings through the unit's websites, according to Viator. Moreover, customers' email addresses and their passwords and user names for Viator may have also been compromised. About 880,000 customers may have had their payment card information compromised, while about 560,000 customers' Viator account information and e-mail addresses may have been affected, the unit reported. WHAT'S NOTABLE: The breach at Viator comes in the wake of large data breaches at a number of bellwether companies in recent months, including JPMorgan (JPM) and Home Depot (HD). Late last year tens of thousands of payment card data was stolen from Target (TGT). PRICE ACTION: In late morning trading, TripAdvisor sank 5.5% to $93. Others names in the online travel space are falling, with Priceline.com down 3% and Expedia down 2%. :the

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