Priceline.com up 7% over its managing team changes

At the board meeting yesterday, Priceline.com, whose 17.54% stake held Cheung Kong (0001) and Hutchison Whampoa (0013) together, approved the proposal of dismissing its superior executive officer Daniel Schulman and replaced by Richard Braddock, its chairman and former superior executive officer. The company said the resolution was beneficial to the company and anticipated that the restructure in the managing team would make the company from back to black. 

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