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Priceline

Priceline

Industry: 
Hotels
Symbol: 
NASDAQ:PCLN
Country: 
USA
Sources: 

"The Securities and Exchange Commission requested details from Priceline.com Inc. about its activities in Iran, Syria, Sudan and Cuba, Dow Jones Newswires reported. The report, by Joan Solsman, cites a response letter from Priceline General Counsel Peter J. Millones, who said the company wasn’t aware of any Cuban business and that its activities with residents of Iran, Syria and Sudan are relatively insignificant and don’t violate U.S. laws or regulations... The SEC contacted Priceline on Nov. 30, saying the company’s annual report indicated it provided services where countries deemed state sponsors of terrorism reside and requested detail on its activities, asking whether it posed a risk to investors, Solsman reported." (Dow Jones, "SEC Requests Details Of Priceline Activities," 3/21/2012)

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