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Stock Market & Financial Investment News

News Breaks
November 5, 2012
08:49 EDTEXPE, WDAYWorkday Financial Management deployed by TripAdvisor
Workday (WDAY) announced that Expedia's (EXPE) TripAdvisor deployed Workday Financial Management. TripAdvisor has leveraged the unified financial management applications to allow for more visibility into operations, greater agility to respond to rapid growth, and better insights and analysis to deliver more value back to the business.
News For WDAY;EXPE From The Last 14 Days
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July 26, 2015
14:44 EDTWDAYAmazon cloud sales signal risk for traditional data storage, Barron's says
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July 14, 2015
11:16 EDTEXPEAnalyst says sell Orbitz as risks to Expedia deal mount
The shares of online travel agency Orbitz Worldwide (OWW) are falling after UBS downgraded the stock to Sell from Neutral, citing increased risk that regulators will block the company's proposed takeover by Expedia (EXPE). WHAT'S NEW: Based on recent press reports and his own conversations with players in the online travel sector, UBS analyst Eric Sheridan believes that antitrust concerns surrounding the proposed takeover of Orbitz are mounting. Specifically, travel suppliers are voicing more concern about the deal to regulators, Sheridan stated. Additionally, regulators have vetoed a number of proposed takeovers recently, including Time Warner Cable's (TWC) proposed acquisition by Comcast (CMCSA) and Electroloux's (ELUXY) proposed acquisition of GE's (GE) home appliances unit, Sheridan noted. As a result of these developments, the risk/reward ratio of Orbitz's stock is now "skewed negative," according to the analyst, who cut his price target on the stock to $10 from $12. PRICE ACTION: In morning trading, Orbitz fell 2.4% to $11.12. On February 12, Expedia announced it had agreed to acquire Orbitz for $12 per share in cash.
10:01 EDTWDAYOn The Fly: Analyst Upgrade Summary
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06:39 EDTWDAYWorkday upgraded to Buy from Hold at Evercore ISI
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06:20 EDTWDAYWorkday upgraded to Buy from Hold at Evercore ISI
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06:06 EDTEXPEOrbitz downgraded to Sell from Neutral at UBS
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