Shares of Travelzoo (NASDAQ:TZOO), which have been ranging sideways since April, may break out on news from Benchmark that Travelzoo Local Deals surged at the end of its second quarter.
Cable company Time Warner (NYSE:TWC) has removed Hearst Television, a local TV station in New York , from its bouquet of channels after talks broke down on a dispute relating to carriage fees. The view from WLWT, owner of Hearst: “Time Warner Cable, on behalf of itself and Insight Cable, for which it has negotiating authority……refuse to pay our station a reasonable fee relative to what it pays for other significantly less popular channels.”
Zipcar (NASDAQ:ZIP) acquires Austrian firm Denzel Mobility CarSharing GmbH, giving it the firm’s 200 cars and 10,000 members for an additional push into Europe after its buy last year of Spanish car-sharing firm Catalunya Carsharing SA. Grim economic conditions probably mean Europeans are more willing to share cars rather than Americans.
Starbucks (NASDAQ:SBUX) is seeking to ramp up afternoon footfall at its stores with the launch of a new product dubbed “Refreshers” that combines natural fruit juice with green coffee extract – according to the company the beverages are a “delicious, low calorie refreshment with a boost of natural energy from caffeine — tasting nothing like traditional brewed coffee.”
A new processing rule for debit cards expected to be effective soon could adversely impact Regions Financial (NYSE:RF) – estimated to be up to 4 percent of earnings.