10 Stories

Uber Gains a 'Scared' CEO

Dara Khosrowshahi is leaving Expedia to lead ride-sharing company

(Newser) - Uber's board has indeed made its "truce choice" for a new CEO. Per Recode , Dara Khosrowshahi, who's helmed Expedia since 2005, has officially been designated the new head of Uber after former CEO Travis Kalanick's drama-filled June resignation . Khosrowshahi penned a memo to his Expedia staff... More »

Uber Finds 'Truce Choice' for New CEO

Job will be offered to Expedia's Dara Khosrowshahi

(Newser) - After weeks of rumors that ousted Uber CEO Travis Kalanick's successor would be Meg Whitman, GE's Jeffery Immelt, or even Kalanick himself , the company's board has finally made a decision. Sources tell the Wall Street Journal and the BBC that after Immelt ruled himself out over the... More »

Expedia Worker Snooped on Execs' Emails, Made $330K

Jonathan Ly, 28, pleaded guilty Monday to securities fraud

(Newser) - A former IT worker at Expedia pleaded guilty Monday to securities fraud after authorities said he used his access to the computers of top executives to rummage through their email, then made lucrative, illegal stock trades based on the inside information he discovered. Prosecutors said Jonathan Ly, 28, made more... More »

Expedia Employee Cancels Mom's Flights After Complaint

She got cussed out, too

(Newser) - A Los Angeles-area teacher booked a New Year's vacation via Expedia, then responded to an online survey the website sent her about her booking experience. "I was honest," Cara Viramontes tells CBS LA . "I said, 'You know what, the lady wasn’t helpful. I asked... More »

Google Flight Search Shakes Up Travel Market

Online agencies accuse search firm of abusing its power

(Newser) - Online travel agents like Expedia and Orbitz complain that Google's new flight search tool is unfairly squeezing them out of business. Searches like "NY to LA" now produce a Google chart of airfares, with links directly to airlines, that appear above the results for middlemen. The travel sites... More »

Rivals Eager for Google Antitrust Hearing

Yelp, Nextag, Expedia say company has been anti-competitive

(Newser) - Google’s Senate antitrust hearing is today, and rivals Yelp, Nextag, and Expedia are ready to do some complaining. The three companies intend to tell lawmakers that Google is exploiting its search dominance by promoting its own services at the expense of theirs in its results, they tell the Wall ... More »

Flu Spooks Street; Dow Off 51

Firms likely to be hurt by reaction to disease see shares drop

(Newser) - Swine flu worried investors but wasn’t enough to spark a full-scale sell-off today, the Financial Times reports. AMR, parent of American Airlines, Marriott, and Expedia fell as investors bet against firms that may be specifically hurt. Shares of Gilead Sciences, developer of Tamiflu, were up nearly 4%, however. The... More »

Expedia Moves to Capture European Market

Travel giant hopes half of revenue will come from abroad within 5-6 years

(Newser) - Citing saturation in US travel, Expedia will move aggressively to seize European market share, reports the Financial Times, with hopes that half its revenue will be international within 5 or 6 years. The travel giant hopes to move in while European competitors Thomas Cook and Tui Travel are distracted with... More »

Diller's IAC to Split Into Five Companies

HSN, Ticketmaster, Interval International, LendingTree spin off

(Newser) - Barry Diller's InterActiveCorp will split into five separately traded companies, their board announced today.  Former IAC components Home Shopping Network, Ticketmaster, vacation site Interval International, and online real estate site LendingTree will all become separate firms under those names. CNN Money reports that the remaining pieces of IAC will... More »

Media Moguls' 'Marriage' On the Rocks

Longtime partners Diller, Malone may be severing ties

(Newser) - The long and lucrative partnership between media giants John Malone and Barry Diller may be nearing its end, the Wall Street Journal reports. "We've been frustrated with each other at times," says Diller, whose IAC empire, backed by Malone's Liberty Media, includes the Home Shopping Network, Ticketmaster and... More »

10 Stories