Expedia Inc. ’s fourth-quarter profit slipped as foreign exchange costs and ramped up spending in China spoiled the online travel agent’s holiday travel season. Shares fell 5% in after-hours trading as the company warned that spending would continue to grow at Expedia’s eLong Inc. affiliate in China. ELong’s losses have widened as the website spends more on sales staff, marketing and discounts to lure travelers in the world’s most populous nation. “As competitors started to ramp up their efforts, there was a little bit of a slowdown” in China, Expedia Chief Financial Officer Mark Okerstrom said in an interview. He said the company remains committed to growing its share there." Get the full story at The Wall Street Journal and Reuters Read also "Expedia faces claims for at least $800 million in hotel taxes" at The Seattle Times