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Priceline stock plunged 38 percent Thursday after the demise of Priceline WebHouse Club, it s licensee for name-your-own-price gasoline and groceries.Priceline and WebHouse are separate companies, although both were founded by Jay Walker and both offer name-your-price services; in Priceline s case, for air travel, hotel rooms, rental cars and home mortgages.Walker insisted the failure of WebHouse would not harm the Norwalk, Conn.-based Priceline s core operations, but analysts and investors were skeptical. They can claim that it is a separate company, they can say that people are going to be able to separate one from the other, but at some level this significantly impacts the Priceline brand, said Heath Terry, an anal
stanley uk yst at Credit Suisse First Boston.A second Priceline licensee, Perfect Yardsale Inc., which offered used merchandise through the Priceline Web site, also announced Thursday it was going out of business. The demise of the two licensees shows that Priceline s Internet-based business model may not revolutionize retail pricing as once thought, said Ken
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iPhone 5C preorders start Friday at 3AM ET and you ;re in the market for a new iPhone. It decision time. But do you stay up for the 5C Or do you wait for the 20th for the 5S What capacity What color What carrier Well we ;ve got an answer that should fit the vast majority of you like a glove. For most everybody: Get the 32GB iPhone 5S in black space grey on Verizon. Why the 5S A lot of people label the S up
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