US online travel operator Expedia announced plans Thursday to buy rival Orbitz Worldwide for about $1.6 billion, in a move that further consolidates the sector. Expedia will pay $12 in cash for each Orbitz share, in the takeover approved by the companies' boards of directors. Dara Khosrowshahi, Expedia’s chief executive, said the deal is part of a strategy “to own and power the very best travel ...
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NEW YORK (TheStreet) -- Home Depot's second-quarter earnings report was solid as the home-improvement retailer benefited from resurgent demand and price appreciation in the existing home market. But another factor alsoapropelled the company's results -- buying from mobile devices. The world's largest home improvement retailer, which my firm Belus Capital Advisors rates a buy, reported second ...
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