American Express will acquire GE Money's corporate card unit, which serves more than 300 large corporate clients, in a $1.1 billion deal expected to be completed in the next few days, the companies...

Prism Group Inc. today named General Electric as its newest corporate account for the Avion data consolidation and management system.

Carlson Companies CEO Marilyn Carlson Nelson is stepping down , as soon as the board selects a new CEO, but will continue to serve as chair of the company's board of directors, according to Modern Agent...

Carlson Companies CEO Marilyn Carlson Nelson is stepping down , as soon as the board selects a new CEO, but will continue to serve as chair of the company's board of directors, according to Modern Agent...

Several top hotel executives recently reaffirmed signs of strength in group and corporate business and predicted that negotiated rates for those segments would climb next year. Speaking here last week...

First-quarter room revenues for a range of hotel companies increased in some cases by double digits according to earnings announcements last month. The strong performance is evidence that the turnaround...

General Electric has scaled down significantly the use of online reverse auctions for sourcing hotels, reflecting to some degree shortcomings in that process and to a larger extent the swing in the...

Southwest Airlines plans to launch service at New York's LaGuardia Airport in late June with five daily nonstops to and from Chicago Midway International Airport and three to and from...

Diners Completes MasterCard-Enhanced Rollout In N.A.

Corporate buyers are creating alternative strategies to contain runaway hotel rates in such key European cities as London, Paris and Moscow, where availability is limited and demand is strong. Most...