Expedia takes a break from dot-com gloom

NEWS The firm's losses were down on Wall Street forecasts, totalling $2.6m compared with a loss of $10.3m a year earlier. Turnover was also up 81 per cent for the same year-on-year period to $80m from $44m. In a statement, Richard Barton, president and CEO of Expedia, said: "The strong progress we've made this quarter is the result of our continued focus on delivering the most powerful shopping tools to our customers." Last Monday Expedia unveiled new searching and pricing technology designed to give consumers more choices when planning holidays and booking hotels and flights.