SkiftX

In-Flight Wifi provider Row44 bought in a $430 million deal

Golden Eagle Acquisitions sees an opportunity in melding content and Wi-Fi technology, but Row 44's relatively small foothold may not make it the ideal tool for the blending experiment. Also, users will evolve more and more towards their own entertainment, so the content part will become redundant over time.

U.S. travel spending slowed growth in second quarter

Travel and tourism spending by consumers and suppliers in the second quarter grew a bit faster than gross domestic product, but the growth rate for travel and tourism spending fell harder than the GDP growth rate when measured against their respective increases in the first quarter.