IAC Posts Loss, Sending Shares Lower
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The comapny reported a quarterly loss of $369.9 million, citing taxes, difficulty in its mortgage referral unit and costs for proposed spinoffs that would make five companies out of one.
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U.S. stocks extended their losses on Wednesday after investment bank Morgan Stanley said quarterly profit fell, casting doubt on corporate earnings growth, while a brokerage downgrade on Cisco Systems Inc. hurt tech stocks.
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U.S. technology shares tumbled on  Friday after Intel Corp. INTC.O, the world's No. 1 chip  maker, slashed its revenue forecast, but blue chips were only  moderately lower as drug and industrial stocks gained.
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Shares in AIG, the world's largest insurer, fall by 11% on concerns about its exposure to sub-prime losses.
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The blue chip Dow Jones average fell  to a 2-month low on Thursday as insurer American International  Group Inc. AIG.N was named in a lawsuit by New York Attorney  General Eliot Spitzer and General Motors Corp. GM.N reported  disappointing earnings.
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Shares of Ariba Inc. plunged Tuesday after the software maker reported unexpectedly weak results for the latest quarter.
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Brokerage LaBranche &amp; Co. on Monday said it swung to a loss in the third quarter on lower equity volumes and volatility at its specialist unit.
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The company reported a second-quarter loss after the company cut jobs to compensate for declining sales.
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U.S. blue chip stocks edged lower on  Monday as regulatory concerns at insurer American International  Group Inc. AIG.N overshadowed Verizon Communications Inc.'s  VZ.N move to buy MCI Communications Inc. MCIP.O in a deal  worth $6.75 billion.
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U.S. blue-chip stocks finished  slightly lower on Monday, pulled down by a drop in the shares  of American International Group Inc. AIG.N as a regulatory  probe widened.
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Advanced Micro Devices on Thursday reported a heavy loss for its fourth quarter, due mostly to charges connected to its acquisition of graphics chip maker ATI.
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Even with a mega-loss expected, the banking giant still fell short of estimates, dragging U.S. stocks lower.
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A sell-off in tech stocks following Intel Corp&#39;s disappointing outlook pushed Asian shares lower yesterday, overpowering pockets of strength in some financial, consumer and industrial issues.
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Shares in the fashion retailer Inditex fall after its nine-month sales come in below expectations.
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Intel Corp. INTC.O shares slipped on  Tuesday after Credit Suisse First Boston downgraded the stock,  forecasting that the computer chip maker will have difficulty  outperforming the overall semiconductor sector next year.
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Stocks fell in choppy trading on Friday as investors' risk aversion grew, but insurer American International Group Inc.  helped to limit losses on the Dow industrials with strong earnings.
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Greeting card maker American Greetings   Corp. AM.N posted a worse-than-expected quarterly loss on   Thursday, hurt by costs for rolling out a new strategy for   managing inventory, sending its shares down 10 percent.