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Name-your-price pioneer Priceline.com announced Monday that it cut its second-quarter loss to a bare penny per share, excluding special items, as revenues topped $352 million (US$). The Norwalk, Connecticut-based retailer of airline tickets, hotel rooms, rental cars, gasoline, telephone long distance and other products and services said growth in repeat customers and reduced advertising and marketing costs helped more than triple revenues from the same period last year...
E*Trade Group, the third-largest online brokerage in the United States, said Wednesday it squeaked out a razor-thin fiscal third-quarter profit on revenues that fell sharply as trading volumes withered. Analysts had expected a loss of one cent per share, but the Menlo Park, California-based company managed a profit of 2 cents per share, or $5.7 million (US$)...
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