Economic outlook, 79% of business travelers are feeling pressure from their employers to cut travel expenses, according to a new survey.
sponsored by Orbitz for Business, a unit of online travel company Orbitz Worldwide Inc. (OWW), and Business Traveler magazine - one-third of respondents said their main concern is cutting the cost of air travel. That’s [...]

Most online travel stocks declined Monday, with Orbitz Worldwide Inc. falling as a Citi Investment Research analyst started covering the stock with a “Hold” rating, citing strong competition.
In a client note, he wrote factors such as its valuation and general growth in the online travel space make Orbitz shares “potentially compelling” over time. Still, “substantial [...]