Travelocity Com Inc

Travelocity.com Inc. the leading travel Web site, announced cost cuts that included laying off 320 people, or 10% of its non-customer service work force, instituting a hiring freeze and cutting advertising and other discretionary spending. Citing a sharp reduction in air travel after the Sept.

This remote Appalachian town doesn't get many visitors, but every day it sends thousands of travelers on their way. If you buy an airline ticket off the Travelocity website and need to call with a change or a question, the phone rings here. The Travelocity call center brought 250 jobs to a community wounded by the decline of coal mining, its mainstay for a century. It plugged the town's 1,500 residents into the global high-tech economy, offering the prospect of a secure future.

* Travelocity.com Inc. shares dropped 33% after Northwest Airlines Corp. said it will stop paying commissions on tickets bought on the Internet. Northwest and KLM Royal Dutch Airlines said they will stop paying a 5% commission, capped at $10, for each U.S. and Canadian ticket booked with online travel agents. In response, Travelocity.com said it will add a $10 surcharge on Northwest and KLM tickets, effective immediately. Shares of Fort Worth-based Travelocity.com fell $7.

InterActiveCorp on Tuesday ended an agreement between its Hotels.com unit, which sells discounted rooms on the Internet, and Sabre Holdings Corp.'s Travelocity.com, and is shifting the business to its own Expedia Inc. travel site. InterActiveCorp, which is owned by Barry Diller, stopped offering hotel rooms on Travelocity.com because it said the site breached an agreement that gave Hotels.com the exclusive right to be featured.

Yahoo Inc. and Travelocity.com Inc., the largest online-travel service, staged a one-day sale of discounted airline tickets for American Airlines, possibly paving the way for greater use of the Web for such sales. American also offered the discount through its Web site. It's the first time a major airline has conducted a one-day ticket sale online, said Henry Harteveldt, an analyst at Forrester Research Inc.

InterActiveCorp on Tuesday ended an agreement between its Hotels.com unit, which sells discounted rooms on the Internet, and Sabre Holdings Corp.'s Travelocity.com, and is shifting the business to its own Expedia Inc. travel site. InterActiveCorp, which is owned by Barry Diller, stopped offering hotel rooms on Travelocity.com because it said the site breached an agreement that gave Hotels.com the exclusive right to be featured.

This remote Appalachian town doesn't get many visitors, but every day it sends thousands of travelers on their way. If you buy an airline ticket off the Travelocity website and need to call with a change or a question, the phone rings here. The Travelocity call center brought 250 jobs to a community wounded by the decline of coal mining, its mainstay for a century. It plugged the town's 1,500 residents into the global high-tech economy, offering the prospect of a secure future.

Travelers are finding that, in some instances, the less they know about the cost of a specific hotel or flight, the bigger the discount. That's because new services being offered by the large online travel companies reward consumers for bundling typically separate hotel and air bookings rather than purchasing the components of a trip a la carte. Travelocity.com, the nation's second-largest online travel company, will launch such a service today, joining market leader Expedia Inc.

* Travelocity.com Inc., the No. 2 Internet travel agency, agreed to acquire closely held Site59.com Inc. for $43 million in cash. * Coca-Cola Co. predicted its volume would grow between 4% and 5% in the first quarter, in line with expectations. But the company said unit case volume growth in North America would surpass expectations.

AOL Time Warner Inc., the biggest Internet and media company, said its America Online Internet service now has more than 29 million customers worldwide. That indicates the New York-based company gained 1 million subscribers in about six weeks. AOL said March 8 that the service had more than 28 million customers, and Co-Chief Operating Officer Robert Pittman said the company's businesses, from magazines such as People to Moviefone.com, were "doing great."

Travelers are finding that, in some instances, the less they know about the cost of a specific hotel or flight, the bigger the discount. That's because new services being offered by the large online travel companies reward consumers for bundling typically separate hotel and air bookings rather than purchasing the components of a trip a la carte. Travelocity.com, the nation's second-largest online travel company, will launch such a service today, joining market leader Expedia Inc.

Travelocity.com Inc. the leading travel Web site, announced cost cuts that included laying off 320 people, or 10% of its non-customer service work force, instituting a hiring freeze and cutting advertising and other discretionary spending. Citing a sharp reduction in air travel after the Sept.

Yahoo Inc. and Travelocity.com Inc., the largest online-travel service, staged a one-day sale of discounted airline tickets for American Airlines, possibly paving the way for greater use of the Web for such sales. American also offered the discount through its Web site. It's the first time a major airline has conducted a one-day ticket sale online, said Henry Harteveldt, an analyst at Forrester Research Inc.

* Travelocity.com Inc. shares dropped 33% after Northwest Airlines Corp. said it will stop paying commissions on tickets bought on the Internet. Northwest and KLM Royal Dutch Airlines said they will stop paying a 5% commission, capped at $10, for each U.S. and Canadian ticket booked with online travel agents. In response, Travelocity.com said it will add a $10 surcharge on Northwest and KLM tickets, effective immediately. Shares of Fort Worth-based Travelocity.com fell $7.

Online ticket seller Travelocity.com Inc. urged shareholders to accept a $420-million takeover bid from Sabre Holdings Corp. after the reservations giant sweetened its offer by 22%. Should shareholders follow Travelocity's recommendation and accept the $28-per-share bid, the merger would create one of the world's most far-reaching travel companies, offering reservation services to everyone from travel agents and corporate clients to Web-savvy bargain hunters.

Sabre Holdings Corp. on Tuesday began a $345-million hostile offer for the 30% of Travelocity .com Inc. it doesn't own after the second-biggest U.S. online travel agent rejected the bid. Travelocity.com said Sabre's tender offer of $23 a share for 15 million shares is "inadequate." The online company was spun off by Sabre two years ago and combined with Preview Travel Inc., whose shareholders got 30% of the new company. The stock has traded as high as $51.88, double the offer price.