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Orbitz shareholders approve $1.3B deal to sell to Expedia

NEW YORK- Orbitz's shareholders have approved a takeover by rival Expedia, Orbitz said Wednesday. In February, Expedia said it would buy Orbitz in deal worth about $1.3 billion. In March, the U.S. Department of Justice requested documents from Orbitz and Expedia in order to review the acquisition.
Source: The Associated Press
9 stocks and 1 ETF ready to sizzle this summer

The unofficial start of the summer season is here, setting up a winning trade in certain slices of the U.S. stock market, if history is any guide.
Source: CNBC.com | By: Giovanny Moreano
Early movers: TWC, AAPL, CTRP, CRM, GM & more

These are the stocks posting the largest moves before the bell.
Source: CNBC.com | By: Peter Schacknow
UPDATE 1-Priceline to invest additional $250 mln in China's Ctrip.com

May 26- Travel websites operator Priceline Group Inc will invest an additional $250 million in Chinese online travel company Ctrip.com International Ltd to tap the fast-growing China market. Ctrip will issue convertible bonds to Priceline for the investment, the two companies said in a joint statement on Tuesday. Ctrip's shares rose 4.5 percent to $88.45 in...
Source: Reuters
Deere, Expedia are big market movers

NEW YORK- Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:. Deere& Co., up $3.89 to $93.35. Campbell Soup Co., up 98 cents to $47.91.
Source: The Associated Press
US STOCKS-S&P, Dow dip after inflation rises; Yellen speech awaited

*Ctrip, Expedia hit record highs on stake sale deal. May 22- The S&P 500 and Dow fell in early afternoon trading on Friday, retreating from recent record highs, as investors await Federal Reserve Chair Janet Yellen's economic outlook for clues on the timing of a rate hike after new data showed a rise in inflation. "It will give the Fed greater confidence that inflation...
Source: Reuters | By: Tanya Agrawal
US STOCKS-Wall St lower after CPI data; Yellen speech awaited

*Core inflation at highest since January 2013. May 22- U.S. stocks fell in late morning trading on Friday, retreating from recent record highs, as investors await Federal Reserve Chair Janet Yellen's economic outlook for clues on the timing of a rate hike after new data showed a rise in inflation. "September is the most likely scenario and Yellen has been very keen on...
Source: Reuters | By: Tanya Agrawal
UPDATE 1-Expedia sells eLong stake to Ctrip, others for $671 mln

May 22- Expedia Inc said it sold its entire stake in online travel company eLong Inc to rival Ctrip.com International Ltd and others for about $671 million, after struggling with mounting losses at the Chinese company. Shares of Expedia and Ctrip touched record highs in early trading on Friday. Ctrip's stock gained 13 percent to $81.20, while Expedia's rose 9...
Source: Reuters | By: Ankit Ajmera
Expedia sells stake in Chinese travel service

NEW YORK- Expedia is selling its majority stake in eLong, a Chinese travel service, to a group of businesses based in China for roughly $671 million. Bellevue, Washington- based Expedia said before the U.S. markets opened that it had sold its 62.4 percent share in eLong to a group that includes Ctrip.com International Ltd., Keystone Lodgings Holdings Ltd., Plateno...
Source: The Associated Press
US STOCKS-Wall St mixed as CPI data sparks rate hike timing doubts

*Core inflation at highest since January 2013. May 22- Wall Street was mixed in early trading on Friday as investors digested data that showed rising inflation pressure, casting fresh doubt on when the Federal Reserve would ultimately raise interest rates this year. "September is still the most likely lift-off date, but July is not out of the question,...
Source: Reuters | By: Tanya Agrawal