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Cendant Mulling Sale of Travel Unit

Citing strong interest from multiple potential buyers, Cendant said Monday it is now considering selling its travel services division, which includes the Orbitz and CheapTickets Web sites. The sale of the unit is being mulled along with a previously announced plan to spin off several of its business...

EBay Scores Victory in Patent Case

EBay has moved closer to scoring a major victory in a long-running legal case after the U.S. Patent and Trademark Office issued a finding that patents the auction giant has been found guilty of violating should be revoked. The Patent Office issued a preliminary finding suggesting that patents previo...

AOL Books Reservation for Spot in Online Travel

Hoping to grab a piece of a business that combines two of the hottest Web sectors -- travel and search -- America Online has purchased a stake in a startup software company already backed by the founders of Expedia, Travelocity and Orbitz. AOL made an undisclosed investment in Kayak Software as part...

Amazon Embroiled in Another Patent Suit

Amazon.com, the owner of the "1-Click Shopping" patent, is no stranger to either side of patent infringement battles. Now it finds itself in yet another dispute, this one against Cendant Publishing. Cendant filed suit in U.S. District Court in Wilmington, Del., Oct. 29 against the e-commerce giant c...

GDP, Oil, Merger News Fire Up Markets

The stock markets got a boost today from a dip in oil prices, a better-than-expected reading on overall economic growth and a blockbuster acquisition in the Internet space that helped tech stocks outperform the overall market. The Nasdaq turned in the best performance of the major stock averages, ri...

Cendant To Acquire Ramada International

Cendant Corporation's Hotel Group and Marriott International today announced the signing of a letter of intent for Cendant to purchase Ramada International Hotels & Resorts, primarily a franchised brand of 204 hotels representing 27,728 rooms in 26 countries and territories. Pending approval by ...

Shareholders To Reap $1B in Dot-Com IPO Settlement

Scores of technology companies that staged successful initial public offerings between 1998 and 2000 have agreed to settle a rash of lawsuits filed by shareholders. The businesses have agreed to pay at least $1 billion and to aid the shareholders as they set their sights on underwriters of the contr...

Lucent To Pay $600M To Settle Shareholder Suits

Lucent Technologies has agreed to settle a series of class-action shareholder lawsuits, almost all relating to whether Lucent misled investors by providing incomplete financial reports. Lucent said the settlement will cost about $420 million. But attorneys in one of the main cases to be settled said...

Probe of AOL Dot-Com Deals Reportedly Widens

Federal investigators reportedly have widened their probe into AOL's accounting practices during the dot-com boom years, focusing on whether AOL aided and abetted the artificial inflation of revenue reports at partner companies, including embattled Homestore.com. The Washington Post reported the pro...

Report: Few Advertisers Use Pop-Ups

Though they seem to be everywhere on the Internet, pop-up advertisements are used by less than 10 percent of all companies that advertise online, according to a report from Nielsen//NetRatings. Between January and July of 2002, companies bought 11.3 billion pop-up ad impressions, but that figure ...

Priceline, Expedia Shift Strategies

Leading travel sites have unveiled a slew of promotions in recent days aimed at boosting their hotel sales, in apparent recognition that long-slumping airline ticket sales might not soon recover. Both Priceline and Expedia unveiled hotel service upgrades targeted at consumers, and Expedia also be...

Hotel Sales Help Priceline Eke Out Profit

Name-your-price travel company Priceline.com turned a $3.9 million profit in the first quarter as hotel and car rental deals helped offset continued weakness in airline ticket sales. Revenue dropped 3 percent to $262 million in the quarter compared with the first three months of 2001. "Lower airl...

Trip.com Banks on $40M Ad Blitz

In an effort to vault into the top tier of the crowded online travel field, Cendant has announced it will invest $40 million in a marketing campaign to promote its Trip.com Web site. Real estate and travel giant Cendant said it plans to offer round-the-clock telephone support and unpublished disc...

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