Expedia (EXPE) $72.35 ... Link stock hit lower at $68.70 in pre-market after WSJ reports that the Bush administration today is expected to propose changes that would give airlines more flexibility in choosing how they distribute tickets. Under the administration's approach, the airlines can continue to give Orbitz exclusive access to special Web-only bargain airfares. The article speculates that move would deal a major blow to Orbitz rivals such as Expedia. Computer-reservation system owner Sabre (TSG) Link is also listed as an opponent of this plan.
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