Expedia flies
Expedia stock surged 15 percent, to $59.06, after the online travel agency reported third-quarter earnings that topped estimates. Excluding some items, profit rose 4.2 percent, to $188 million.
Healthy GDP
US economic growth sped up in the third quarter as stepped-up consumer purchases and turnaround in government spending offset business-investment cutback. GDP expanded at a 2 percent annual rate, up from 1.3 percent in the second quarter.
WhiteWave
Shares of WhiteWave, the Silk soy milk maker spun off by Dean Foods, received a so-so reception to its IPO yesterday, changing hands at just $16.87, after pricing at $17 Thursday.
Toyota zips
Toyota’s worldwide sales grew 18 percent last quarter as US demand for Camrys and Priuses helped expand its edge over GM, the 2011 global volume leader.
KKR just OK
KKR’s Henry Kravis and George Roberts are struggling to wrap up their first main buyout fund in six years. It has $6.2 billion, short of the desired $8 billion.