Justices to Study Patents on Business Methods

Microsoft Corp., Bank of America Corp. and L.L. Bean Inc. are just some of the companies that have flooded the Supreme Court with advice as it prepares for Monday’s arguments over one of the biggest questions involving intellectual property: When can a business method be patented?

What Recession? Priceline Posts Blowout Q2 Profits

Well, apparently Americans are still going on vacation. Priceline this morning posted Q2 revenue of $603.7 million, well ahead of the Street consensus of $575.1 million, with pro forma profits of $2.02 a share.

Priceline Posts Beat-And-Raise Q1; Shares Sag Anyway

Priceline this morning posted better-than-expected Q1 results, and provided stronger-than-expected guidance for the second quarter.

Priceline: S&P Advises Taking Profits After Big Run

Standard & Poor’s analyst Scott Kessler late Thursday cut his rating on Priceline.com to Hold from Buy on a valuation basis. Kessler notes that the stock has rallied 38 percent off an early February low, and is closing in on his $100 price target.