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Stock Market & Financial Investment News

News Breaks
May 6, 2014
07:55 EDTLINTA, LVNTA, TRIPLiberty TripAdvisor files prospectus for spin-off from Liberty Interactive
Liberty TripAdvisor is currently a subsidiary of Liberty Interactive (LINTA) and its businesses, assets and liabilities consist of Liberty's 22% ownership interest and 57% voting interest in TripAdvisor (TRIP), Liberty's 100% ownership interest in BuySeasons, which currently forms a part of Liberty's wholly owned subsidiary, Celebrate Interactive, anticipated corporate level cash and cash equivalents of $50M and $400M in indebtedness. Liberty has determined to spin off Liberty TripAdvisor by distributing to the holders of its Liberty Ventures (LVNTA) common stock, as a dividend, all of Liberty TripAdvisor's stock. Concurrently with Liberty's plan to effect the spin-off, Liberty is also pursuing a plan to reclassify its Liberty Interactive common stock into a new QVC Group common stock and a new Liberty Digital Commerce common stock. If the Proposed Reclassification occurs prior to the spin-ff, no shares of Liberty TripAdvisor's common stock would be distributed to holders of Liberty's Series A QVC Group common stock, Series B QVC Group common stock, Series A Liberty Digital Commerce common stock or Series B Liberty Digital Commerce common stock. At present, Liberty's interest in TripAdvisor is attributed to its Ventures Group and BuySeasons, as a part of Celebrate, is attributed to its Interactive Group. In the event that the spin-off occurs prior to the proposed reclassification, BuySeasons would be reattributed from Liberty's Interactive Group to its Ventures Group prior to the spin-off. In the event that the spin-off does not occur prior to the proposed reclassification, BuySeasons will be attributed to the QVC Group in connection with the reclassification and then later reattributed to the Ventures Group prior to the spin-off. The company's interest in TripAdvisor will remain attributed to the Ventures Group should the proposed reclassification occur prior to the spin-off. If all conditions to the spin-off are satisfied or waived by the board of directors of Liberty, for each whole share of Liberty's Series A Liberty Ventures common stock held, shareholders will receive one share of Liberty TripAdvisor's Series A common stock, and for each whole share of Liberty's Series B Liberty Ventures common stock (LVNTB) held, shareholders will receive one share of Liberty TripAdvisor's Series B common stock. No shares of Liberty TripAdvisor's common stock are being distributed to holders of Liberty's Series A Liberty Interactive common stock or Series B Liberty Interactive common stock (LINTB).
News For LINTA;LVNTA;TRIP From The Last 14 Days
Check below for free stories on LINTA;LVNTA;TRIP the last two weeks.
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September 22, 2014
12:13 EDTTRIPTripAdvisor volatility increases on wide price movement
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12:11 EDTTRIPTripAdvisor 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
10:31 EDTTRIPTripAdvisor slips after unit announces data breach
Shares of TripAdvisor (TRIP) are lower in early trading after one of its units, Viator, announced Friday that it experienced a data breach. WHAT'S NOTABLE: Viator announced on September 19 that is in the process of notifying approximately 1.4M Viator customers about a data compromise that could potentially affect payment card data used to make bookings through Viator's websites and mobile offerings. "Protecting the security of our customer information is paramount, and we are taking immediate steps to investigate and determine the full scope of the compromise," the company stated, adding that it recommends all affected customers monitor their card activity and report any fraudulent charges to their credit card company. PRICE ACTION: Shares of TripAdvisor are down 2.7% to $95.70 in early trading following the circulation of the notice from Viator. Reference Link
10:26 EDTTRIPTripAdvisor drops 3% after Viator unit discloses data breach
10:25 EDTTRIPTripAdvisor Viator unit experienced data breach, BrightWire reports
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September 11, 2014
13:05 EDTLINTALiberty Media CEO says eyeing more deals, sees cable consolidation 'inevitable'
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September 9, 2014
11:53 EDTTRIPStocks with call strike movement; YHOO TRIP
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