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Stock Market & Financial Investment News

News Breaks
June 26, 2014
16:31 EDTEXPEExpedia announces agreement to acquire Auto Escape Group
Expedia announced it entered into a definitive agreement to acquire Auto Escape Group, one of Europe's leading online car rental reservation companies from private equity fund Montefiore Investment and certain members of the AutoEscape Group's management team. Upon closing, Auto Escape Group will become a part of the CarRentals.com brand and report into Henrik Kjellberg, President of the Hotwire Group. Expedia expects the deal to close during the third quarter pending receipt of regulatory approval. Additional terms were not disclosed.
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August 25, 2014
08:44 EDTEXPEExpedia Q3 trends encouraging, says FBR Capital
FBR Capital believes that Q3 U.S. trends indicate that Expedia (EXPE) continues to generate healthy growth. The firm thinks that the company's room night growth and domestic ticket volume growth have accelerated slightly from June levels. FBR expects Expedia to benefit from a change in TripAdvisor's (TRIP) meta path. It keeps an Outperform rating on Expedia.
August 22, 2014
08:38 EDTEXPETripAdvisor cut metasearch inventory in half, says FBR Capital
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