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Priceline Com Inc

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BUSINESS
September 8, 2000
Priceline.com Inc., the Internet bidding service for items such as airline tickets and hotel rooms, said it will add a wireless-telephone service and term life insurance to build sales. The products will become available in the next three to six months.
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BUSINESS
February 13, 2007 | From Bloomberg News
Online travel agency Priceline.com Inc. said fourth-quarter profit rose to $13.2 million, or 33 cents a share, from $3.79 million, or 9 cents, a year earlier. Excluding certain expenses, profit was 58 cents, ahead of the 39-cent average analyst estimate. Sales rose 28% to $260.1 million. Bookings more than doubled in Europe. The company's July 2005 purchase of Amsterdam-based Bookings gave it access to 18,000 locations and helped lure customers away from rivals. Norwalk, Conn.
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BUSINESS
May 16, 2000 | Bloomberg News
Priceline.com Inc. said Daniel H. Schulman will become its chief executive effective June 15. Schulman, 42, president and chief operating officer, has been with the company since June, after 18 years at AT&T Corp., where he was president of its consumer markets division. He will succeed Richard S. Braddock, 58, who will become chairman. Shares of the Norwalk, Conn.-based company closed up 75 cents at $50.44 on Nasdaq.
BUSINESS
November 3, 2004 | From Associated Press
Martha Stewart Living Omnimedia Inc. has filed amended statements with the Securities and Exchange Commission to reflect a restatement of its loss for the first half of the year. Martha Stewart Living said its net loss was $37.3 million, or 75 cents a share, for the six months ended June 30, compared with the loss of $39.6 million, or 80 cents, initially reported.
BUSINESS
November 6, 2002 | From Bloomberg News
Priceline.com Inc., a seller of discounted travel on the Internet, said its third-quarter loss widened as sales fell 21% because of a slump in air travel. The company said it will cut jobs. The net loss swelled to $24.3 million, or 11 cents a share, from $3.59 million, or 2 cents, a year earlier. Revenue fell to $240 million. Shares of Norwalk, Conn.-based Priceline.com rose 21 cents to $2.31 on Nasdaq, before earnings were announced.
BUSINESS
December 8, 2000 | Bloomberg News
Priceline.com Inc. said it will indefinitely postpone expansion into new businesses and fire about 11% of its work force, or 48 people, as it focuses on sales of airline tickets and other services. Priceline.com won't enter the business-to-business, term life insurance and cellular-telephone markets, the company said in a statement. It also ended discussions with Softbank Corp. about starting a Japanese version of its Web business. Shares of Norwalk, Conn.-based Priceline.
BUSINESS
June 22, 2000 | Bloomberg News
Priceline.com Inc., which lets customers bid on the Internet for plane tickets and other items, said Albertson's Inc.'s Jewel-Osco division will join its WebHouse online service in Chicago and Milwaukee. Shoppers will be able to use Priceline WebHouse Club Inc.'s name-your-own price system to buy groceries and pick them up at 191 Jewel-Osco stores, starting today. Priceline WebHouse said it plans to offer purchases through 10,000 grocery stores by August, up from 5,000 now.
BUSINESS
March 24, 2000 | Reuters
Priceline.com Inc., the "name-your-own-price" Internet commerce firm, said it has retooled and expanded its home mortgage service, which is expected to generate $1 billion in loans this year. The Norwalk, Conn.-based company said its PricelineMortgage service, which guarantees rate points and closing costs, is being launched across the United States. It had been test-marketed in Florida and New York City since late last year. Priceline shares gained $1 to close at $88 on Nasdaq.
BUSINESS
April 3, 2001 | Bloomberg News
Priceline.com Inc. said its first-quarter loss will be about 5 cents a share as the Internet seller of airline tickets and hotel reservations cut costs and took less time to respond to customers. Its shares rose 21%. The loss, excluding restructuring charges, supplier warrants and stock-based compensation, will be "at the favorable end" of its February estimate of 5 cents to 7 cents. Priceline has fired 34% of its staff and postponed expansion plans. Shares of Norwalk, Conn.-based Priceline.
BUSINESS
October 3, 2001 | Reuters
Priceline.com Inc. said that it expects third-quarter revenue at the high end of its range of $280 million to $300 million, and that demand for its online travel services is recovering faster than expected in the wake of the Sept. 11 attacks on the United States. Analysts had forecast revenue of $287 million at Priceline.com, compared with $341 million a year ago.
TRAVEL
October 10, 2004 | James Gilden, Special to The Times
In folksy TV commercials, William Shatner trades on his "Star Trek" fame to sell Earth-bound travelers on the 21st century concept of bidding for travel on Priceline. What Capt. Kirk doesn't mention is that Priceline, an "opaque" site on which travelers make offers for hotel rooms, rental cars and airline tickets, among other products, isn't for everyone.
BUSINESS
November 5, 2003 | From Bloomberg News
Priceline.com Inc., an Internet seller of discount travel services, reported third-quarter net income of $8.5 million as hotel and rental-car bookings helped sales increase for the first time in seven quarters. However, Priceline's stock fell after the company predicted fourth-quarter earnings of 2 cents to 8 cents a share, trailing analysts' average estimate of 11 cents a share as reported by Thomson First Call.
BUSINESS
March 19, 2003
* Discount online travel company Priceline.com said it was paying $8.5 million in cash for a stake in Travelweb, the online lodging company owned by a consortium of major hotels, including Beverly Hills-based Hilton Hotels Corp. Travelweb will replace Hotels.com as the supplier of U.S. and Canadian lodging on Priceline's Lowestfare.com Web site. * Andrx Corp.
BUSINESS
November 6, 2002 | From Bloomberg News
Priceline.com Inc., a seller of discounted travel on the Internet, said its third-quarter loss widened as sales fell 21% because of a slump in air travel. The company said it will cut jobs. The net loss swelled to $24.3 million, or 11 cents a share, from $3.59 million, or 2 cents, a year earlier. Revenue fell to $240 million. Shares of Norwalk, Conn.-based Priceline.com rose 21 cents to $2.31 on Nasdaq, before earnings were announced.
BUSINESS
August 1, 2002 | Bloomberg News
Priceline.com Inc., a seller of discounted travel services on the Internet, said second-quarter earnings more than doubled as cost cutting made up for lower airline ticket sales. Net income rose to $6.31 million, or 3 cents a share, from $2.82 million, or 1 cent, a year earlier, the company said. Revenue fell 16% to $304.5 million. Excluding stock-based pay, preferred stock dividends and other costs, profit would have been $6.32 million, or 3 cents a share, Priceline.com said.
BUSINESS
November 2, 2001 | Bloomberg News
Priceline.com Inc. on Thursday reported better-than-expected operating profit for the third quarter and raised its forecast for the fourth quarter, sending its shares up in after-hours trading. The Internet travel agency earned $6.29 million, or 3 cents a share, in the third quarter, compared with a loss of $2.22 million, or 1 cent, a year ago, excluding one-time items in both periods. The company said it benefited from cost-cutting amid a decline in bookings. Sales fell 12% to $302 million.
BUSINESS
May 8, 2001 | Bloomberg News
Priceline.com Inc. said it named Chairman Richard Braddock to replace Daniel Schulman as chief executive, effective immediately. The company also said that Chief Operating Officer Jeffery Boyd was appointed president. Schulman led Priceline.com as it tried to recover from breakdowns in its customer service, the failure of an affiliated business and the departure of Chief Financial Officer Heidi Miller. Schulman joined the company in June 1999 from AT&T Corp.
BUSINESS
October 3, 2001 | Reuters
Priceline.com Inc. said that it expects third-quarter revenue at the high end of its range of $280 million to $300 million, and that demand for its online travel services is recovering faster than expected in the wake of the Sept. 11 attacks on the United States. Analysts had forecast revenue of $287 million at Priceline.com, compared with $341 million a year ago.
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