Cendant to pay $1.25 billion for Orbitz
691146
HACKENSACK, NJ - With one deal, Cendant Corp. is moving from an also-ran to one of the top players in the booming online travel business.
567638
Travel and hospitality company Cendant will acquire online travel supplier Orbitz for around $1.25bn (Â£690m). Cendant said it had reached a definitive agreement to buy all Orbitz shares.
320419
Deal to buy UK travel company expected to close next April, funded with Wright IPO proceeds. NEW YORK  - Travel and real estate company Cendant Corp.
471500
Cendant Corp  on Friday said it  has agreed to sell its travel services division to an affiliate  of the Blackstone Group for about &#36;4.3 billion in cash.
503151
With one deal, Cendant Corp. is moving from an also-ran to one of the top players in the booming online travel business. The company is already one of the world&#39;s biggest travel and real
531773
Cendant Corp. said Thursday it has agreed to acquire Gullivers Travel Associates and Octopus Travel Group Ltd. of Britain for about &#36;1.1 billion in cash.
563671
Lenovo Group Ltd., China&#39;s biggest personal computer maker, agreed to pay $1.25 billion for International Business Machines Corp.
703440
Alcatel-Lucent has agreed to pay $2.5 million in fines to resolve allegations that it provided Chinese government officials with free trips to Disneyland and other tourist attractions.The company has to pay $1 million to resolve U.S. Department of Justice charges that it violated the Foreign Corrupt Practices Act (FCPA) when providing travel and other perks to Chinese government officials, the DOJ said Friday. The company also agreed to pay a $1.5 million civil fine to the U.S. Securities and Exchange Commission.The agreement with the DOJ wraps up a multiyear investigation into whether Lucent, before its November 2006 merger with Alcatel, provided things of value to the Chinese officials and improperly accounted for the expenses.The company cooperated fully with the DOJ and SEC investigations, an Alcatel-Lucent spokeswoman said. The company is &quot;glad to put the matter behind us&quot; and looks forward to successful business dealings in China in the future, she said.From about 2000 to 2003, Lucent spent millions of dollars on more than 300 trips for Chinese government officials that included sightseeing, entertainment and leisure, the DOJ said. The trips were approved by senior Lucent Chinese officials, with the support of Lucent employees in the U.S.Lucent improperly recorded expenses for these trips and failed to implement internal controls to monitor the provision of travel and other things of value to Chinese officials, the DOJ said in a press release.In 2002 and 2003, there were 24 Lucent-sponsored trips for Chinese government customers, and at least 12 trips were primarily for sightseeing, the DOJ said. The people participating in these trips were senior government officials, including the heads of state-owned telecommunications companies in Beijing and the leaders of provincial telecommunications subsidiaries.Between 2000 and 2003, Lucent provided Chinese government officials with trips to the U.S., Europe, Australia and elsewhere that were often characterized as &quot;factory inspections&quot; or &quot;training,&quot; the DOJ said. By 2001, Lucent had outsourced most of its manufacturing and no longer owned factories for its customers to tour. These trips were primarily sightseeing tours to locations such as Disneyland, Universal Studios and the Grand Canyon, and typically lasted 14 days and cost between $25,000 and $55,000 per trip, the DOJ said.Lucent admits to all of this conduct in the agreement announced on Friday. The agreement also requires Lucent to adopt new or modify existing internal controls, policies and procedures. Those internal controls must ensure that Lucent keeps fair and accurate books, the DOJ said. The agency has agreed not to prosecute Lucent if it complies with all of the requirements in the agreement over a two-year term.
500085
Cendant Corp., the world&#39;s largest hotel franchiser, agreed to buy Internet travel agency Orbitz Inc. for $1.25 billion to sell more travel packages online.
626720
Technology markets rallied Wednesday. They were boosted by soaring Internet stocks on news that Cendant plans to buy Orbitz and by investors looking for general bargains in the recently battered sector.
205118
Hotel franchisor Cendant Corp. agreed to buy online travel company Orbitz Inc. for about $1.25 billion. The $27.50 a share cash offer, which has been approved by boards of both companies but still needs regulatory
83172
Shares of Orbitz rocketed 27 percent in after-hours action yesterday on word the online travel site was in talks to be purchased by Cendant for $26 to $28 per share, or more than $1 billion in cash.
203734
GlaxoSmithKline Plc  has signed a  drug discovery deal with U.S. biotech firm ChemoCentryx  potentially worth up to $1.5 billion in milestone payments and  research funding to the privately owned group.
72346
Travel and real estate heavyweight Cendant said Wednesday it will buy travel Web site Orbitz for about $1.25 billion, making it the No.
334552
Cendant is going for growth in online travel.
610749
New York-based Cendant Corp. Wednesday said it will buy online travel company Orbitz Inc. for $1.25 billion in cash. The real estate and travel services firm will pay $27.
731407
NEW YORK -- Cendant has a deal to buy the Orbitz online travel company for about $1.25 billion. The offer, valuing Orbitz shares at $27.