Evercore ISI Raises Price Target on Expedia (EXPE) Following DOJ Approval for Orbitz (OWW) Merger

Expedia (EXPE) Announces Completion of $1.6B Orbitz (OWW) Acquisition

September 17, 2015 8:59 AM EDT

Expedia (NASDAQ: EXPE) announced that it has completed its acquisition of Orbitz Worldwide, Inc., including all of its brands and assets, for US$12.00 per share in cash, representing an enterprise value of approximately US$1.6 billion. With the completion of the transaction, Orbitz... More

Cantor Fitzgerald Raises Price Target on Expedia (EXPE) Following DOJ's Approval of Orbitz Acquisition

September 17, 2015 7:10 AM EDT

Cantor Fitzgerald reiterated a Buy rating on Expedia (NASDAQ: EXPE), and raised the price target to $140.00 (from $130.00), following DOJ approval for pending acquisition of Orbitz.

Analyst Naved Khan commented, "We're reiterating our BUY rating and raising our estimates and PT on EXPE following... More

After Hours Stocks Movers 09/16: (AERI) (LAKE) (MLHR) Higher; (APOG) (SANW) (ORCL) Lower (more...)

September 16, 2015 5:47 PM EDT

Aerie Pharma (NASDAQ: AERI) 73.9% HIGHER; reported the successful results of its second Phase 3 trial for Rhopressa, a novel once-daily, triple-action eye drop being tested for its ability to lower intraocular pressure (IOP) in patients with glaucoma or ocular hypertension. The trial achieved its primary efficacy endpoint demonstrating non-inferiority of Rhopressa compared to timolol, the most widely used comparator.

Lakeland Industries (NASDAQ: LAKE) 11.8% HIGHER; reported Q2 EPS of $0.50, $0.22 better than the analyst estimate of $0.28. Revenue for the quarter came in at... More

Market Wrap: CPI Falls for First Time in Months on Lower Oil; Big Beer Deal in the Works; FedEx Hit on Lowered Outlook

September 16, 2015 5:29 PM EDT

Market wrap for September 16th

End of the Day: S&P 500 up 17.2 to 1,955.31; Dow Jones up 140.1 to 16,739.95; Nasdaq up 28.7 to 4,889.24

Market Brief: Markets gained once ahead of the FOMC rate decision on Thursday, led by a strong performance from the energy sector. Traders believe the two-day streak came amid lighter market volume.

CPI saw a decline for the first time since last January as oil prices remain depressed.

In beer news, AB InBev said it would move to acquire... More

Justice Department Will Not Challenge Expedia's (EXPE) Acquisition of Orbitz (OWW)

September 16, 2015 4:38 PM EDT

Assistant Attorney General Bill Baer of the Justice Departments Antitrust Division released the following statement today on the divisions decision to close its investigation into Expedias (NASDAQ: EXPE) $1.3 billion acquisition of Orbitz (NYSE: OWW):

We know online travel booking is important to U.S. consumers and to the airlines, car rental companies and hotels that serve those consumers. Over the course of a six-month investigation, lawyers and economists from the Antitrust Division reviewed tens of thousands of... More

Expedia's (EXPE) acquisition of Orbitz (OWW) said to win U.S. antitrust clearance - Bloomberg

September 16, 2015 3:18 PM EDT

Expedias' (NASDAQ: EXPE) acquisition of Orbitz Worldwide (NYSE: OWW) said to win U.S. antitrust clearance, according to Bloomberg.

... More

Airlines try to woo customers back to their own websites

September 16, 2015 9:04 AM EDT

By Victoria Bryan and Jeffrey Dastin

BERLIN/NEW YORK (Reuters) - Airlines are trying to draw passengers away from low-price comparison sites and back to their own home pages, seeking to boost profits by selling them extra services such as additional legroom or access to airport lounges.

Airlines across Europe and the United States are experimenting with strategies to bring travellers back to their own websites. These range from improving the booking process to adding fees for tickets booked using third-party distributors, which themselves charge airlines for their services.

Many airlines see customising travel packages with... More