Calling the economic environment "unpredictable and unprecedented," Bellevue-based Expedia said it has frozen salaries and reduced its head-count costs by $20 million.

Expedia posted a fourth-quarter loss of $2.76 billion, mostly because of a $3 billion write-down in the value of goodwill and other intangible assets stemming from a sharp drop in its stock price. A year ago, the company had a profit of $65.4 million.

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