News Byte

O.co Partners With Priceline to Relaunch Shuttered Travel Site

O.co, the Salt Lake City-based company also known as Overstock.com, has partnered with Priceline.com’s partner network to provide deals on hotels, flights and car rentals. The retailer’s foray into travel is its second. In March, it launched a vacations tab, but put it on hold a few months later after a third-party relationship did not work out. The new site, called O.co Travel, will offer Priceline’s “Name Your Own Price” feature.

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Priceline: Susquehanna Cuts Rating After Recent Rally

Priceline shares are under pressure this morning after Susquehanna Investment Group analyst Marianne Wolk cut her rating on the stock to Neutral from Positive. She says the shares have rallied significantly “and now discount more of the positive in the story,” including a resilient Name Your Own Price business, a highly variable cost structure, a declining share count and a more favorable currency environment.