On Tuesday, Shares of Expedia Inc (NASDAQ:EXPE), gained 4.78% to $130.24.
Expedia, declared it has accomplished its acquisition of Home Away, Inc., counting all of its brands.
“We are thrilled to enter the fast-growing, ~$100 billion alternative accommodations space with Home Away® on our side,” said Dara Khosrowshahi, Chief Executive Officer, Expedia, Inc. “We couldn’t be more excited about the opportunity to create even more robust experiences for our shared global traveler audience and for Home Away’s homeowners and property managers all around the world. We have a ton of hard work ahead of us, but the Home Away team, in line with Expedia’s track record in building first class global transactional platforms, can get us there together faster and more effectively.”
Expedia, Inc., together with its auxiliaries, operates as an online travel company in the United States and internationally. The company operates in two segments, Leisure and Egencia. It provides travel products and services to leisure and corporate travelers, offline retail travel agents, and travel service providers through a portfolio of brands, counting Expedia.com, Hotels.com, Hotwire.com, Classic Vacations, Travelocity, Expedia Local Expert, Egencia, Expedia Cruise Ship Centers, eLong, and Venere.com, in addition to trivago, CarRentals.com, Wotif.com, lastminute.com.au, travel.com.au, Asia Web Direct, LateStays.com, GoDo.com.au, and Arnold Travel Technology.
Shares of Under Armour Inc (NYSE:UA), declined -1.97% to $81.52, during its last trading session.
The National Football League (NFL), Under Armour (UA), GE (NYSE: GE), and the U.S. Department of Commerce’s National Institute of Standards and Technology (NIST), declared the five winners of Head Health Challenge III, an open innovation competition to support the discovery, design and development of advanced materials that better absorb or dissipate impact. The new materials have the potential to improve the performance of protective gear, playing surfaces, and equipment for athletes, members of the military and others.
Each of the winners will receive $250,000 to advance their work in developing state-of-the-art materials. A panel of leading experts in the field of materials science selected these five winners from 125 entries because they met the challenge’s technical criteria to maximize energy absorption and minimize momentum transfer. One overall Head Health Challenge III winner will be selected from the five awardees to receive a $500,000 grand prize.
“The innovations in material science that we’ve seen in this challenge will have noteworthy applications in a range of equipment that will better protect our athletes, soldiers, children and others,” said Jeff Miller, NFL Senior Vice President of Health and Safety Policy.
Under Armour, Inc., together with its auxiliaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America.
Finally, Starz (NASDAQ:STRZA), ended its last trade with 0.67% gain, and closed at $33.16.
Glancy Prongay & Murray LLP, reminds investors of the forthcoming January 8, 2016 deadline to file a lead plaintiff motion in the class action filed on behalf of a class (the “Class”) of investors who purchased Starz (“Starz” or the “Company”) (Nasdaq: STRZA) (Nasdaq: STRZB) between August 1, 2014 and October 29, 2015 inclusive (the “Class Period”). Starz investors with over $150,000 in losses are encouraged to contact Lesley Portnoy, Esquire, to discuss their legal claims in this matter.
On October 29, 2015, Deadline Hollywood revealed that Starz’s former Senior Vice President of Sales and Associate Marketing, Keno Thomas, filed a lawsuit against Starz, CEO Christopher Albrecht, CRO Michael Thornton, and Liberty Media Corp. The complaint alleges that Mr. Thomas was fired after he refused to fabricate subscriber and revenue information at the behest of Starz senior administration. On this news, STRZA shares fell $3.69 per share, or 9% to close at $33.51 on October 30, 2015, thereby injuring investors.
The complaint alleges that: (1) Starz lacked adequate internal controls; (2) according to a former Starz senior executive, Starz’s contract with Comcast Corporation was a result of illicit business practices; and (3) as a result, Starz’s public statements were materially false and misleading at all relevant times.
Starz, through its auxiliaries, operates as a media and entertainment company. It operates through Starz Networks, Starz Distribution, and Starz Animation segments. The Starz Networks segment provides premium subscription video programming to U.S. multichannel video programming distributors (MVPDs), counting cable operators, satellite television providers, and telecommunications companies. Its networks comprise Starz and Encore, which air film content, in addition to original series and specials without advertisements; and MoviePlex that offers various art house, independent films, and classic movie library content.