Online travel site Expedia's shares jumped after the company beat revenue estimates for the first quarter. Bellevue-based Expedia reported revenue of $635.7 million, down 8 percent a year ago. Net income was $39.7 million, down from $49.8 million the same quarter a year ago.
Amazon.com says its Amazon Payments service is gaining traction. The Seattle online retail giant said more than 25 shopping cart and ecommerce platform providers -- including CardinalCommerce,Miva Merchant, Magento, ShopVisible, Mercantec, and Zoovy -- have included Amazon Payments in their offerings.
The National Venture Capital Association is calling on the Securities and Exchange Commission to help spur the slumping IPO market by easing corporate governance laws for startups and providing tax relief to IPO investors.
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