Orbitz Profits Grow, Cendant Deal Moves Ahead
Orbitz, which will be acquired by Cendant Corp. in the coming weeks, reported a 30% jump in third-quarter profits to $5.1 million thanks to strong growth in hotel bookings. Revenue in the quarter grew 20% to $77.5 million. The profit includes $1.4 million of non-cash compensation charges relating to...
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