Reports of Orbitz sale send company&#39;s stock up
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Shares of Orbitz, an Internet travel agency, surged 26 percent on reports it may be purchased by Cendant for about $1.2 billion. Shares of Orbitz climbed $5.
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The latest monthly data has carriers' shares lifting higher.
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A look back at the telltale signs of one company's meteoric rise.
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SAN FRANCISCO (CBS.MW) -- Shares of InfoSpace Inc. rose in after-hours trading Monday after the Internet search-services provider reported a better-than-expected jump in quarterly earnings and lifted its expectations for the rest of the year.
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Stocks rose on Tuesday, helped by another round of proposed takeovers and a report showing a stronger-than-expected reading in consumer confidence.
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Shares in Swiss chemical groups Clariant  and Ciba  rose strongly in morning trade after the head of U.S. peer Huntsman Corp  expressed interest in buying the groups.
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Stocks rose after the open on Monday helped by deal news, including a report that global miner BHP Billiton is reviving takeover plans for aluminum producer Alcoa Inc. .
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Orbitz Inc., the Internet travel agency that is being bought by Cendant Corp., Wednesday posted a 30 percent jump in third-quarter profit, aided by a surge in hotel business.
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Travel company Cendant, the owner of Avis and Budget car hire firms, is in advanced talks to buy travel website Orbitz for $1bn. Orbitz was started by five US airlines in 2000 and floated on Nasdaq for $300m in December 2003.
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Travel and real estate heavyweight  Cendant Corp. CD.N is nearing a deal to buy online travel  site Orbitz Inc. ORBZ.O, which is controlled by the top five  U.S. airlines, for about $1.2 billion in cash, a source close  to the talks said on Tuesday.
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Shares in Swiss chemical groups Clariant   and Ciba  rose strongly in morning trade  after the head of U.S. peer Huntsman Corp  expressed  interest in buying the groups.
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Shares surged yesterday, pushing up the Dow Jones industrials by more than 100 points as a report that two companies are independently trying to buy Alcoa fueled hopes for a pickup in takeover activity.
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European stock markets have risen as investors reacted to a series of newspaper reports suggesting possible takeover deals.
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The action continued in after hours trading, where the company gained another US cent. The company saw stocks climb $2.33 during the day, a 4.86 per cent increase.
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NEW YORK : Travel holding company Cendant agreed to buy the Orbitz online travel site for 1.25 billion dollars, boosting the competition against sector leader Expedia in one of the most profitable sectors of Internet commerce.
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Shares of Macy's Inc.  rose on Friday amid speculation that the retailer was ripe for a takeover.
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TradeStation's customers also seem to like its stock.