Diller Says Weak IAC Results Justify His Spinoff Proposal
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IAC/InterActiveCorp, the online company controlled by Barry Diller, said its performance was proof that it should proceed with a spinoff despite opposition from the controlling shareholder.
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The Canadian aluminum maker said the $28.6-billion bid was inadequate. Alcoa said U.S. antitrust investigators had asked for more information on the offer.
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The aluminum producer Alcoa said in a statement that it would continue to pursue its $27.4 billion cash and stock bid for a rival, Alcan, despite the Canadian companyâs rejection of the offer. But Alcoaâs chairman and chief executive, Alain J. P. Belda, said that the company would not enhance the proposal, which Alcan called inadequate. âWe have studied Alcanâs response and have not seen anything that would lead us to re-evaluate our offer,â Mr. Belda said. He also rejected suggestions by Alcan that Alcoa would have difficulty obtaining antitrust approval for the merger and urged Alcanâs board to resume its examination of the bid.
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&quot;VeriSign&#39;s contentions are deficient,&quot; Judge Howard Matz wrote in the 16-page decision setting aside the antitrust claims against ICANN.
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The company's IPO was underwhelming, but the long-term prospects look promising.
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Two years ago,I publicly floated the concept that IT should start thinking more like entrepreneurs. What a disaster! I was speaking at a meeting of CTOs, and I mentioned that Iâd heard of a few IT departments that were focusing, at least in part, on creating saleable new products and services for their companies. I asked the group what they thought of the idea.
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IAC/InterActiveCorp.  Chief Executive Barry Diller, who had an estimated $295 million in compensation last year, said on Monday many corporate governance activists are "birdbrains" who are hurting American business.
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Altria Group Inc., the world's largest tobacco company, plans to spin off Philip Morris International after being pressured by investors who want faster overseas growth and less risk from US smokers' lawsuits.
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IAC/InterActiveCorp  will  invest hundreds of millions of dollars in Internet programming,  betting that professionally produced entertainment will win  over Web viewers, Chief Executive Barry Diller said on  Wednesday.
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IAC/InterActiveCorp is probably not interested in combining with AOL. But such a deal may be a good way to deal with the competition posed by Microsoftâs proposed acquisition of Yahoo.
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He put it together and he can take it apart. When the dot-com bubble burst, Barry Diller scooped up the pieces and formed them into an e-commerce travel and entertainment empire, IAC/InterActiveCorp (nasdaq: IACI - news - people ).
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NEW YORK (CBS.MW) - When companies spin off units, it&#39;s often a way to shed underperforming assets and move on. Free! Sign up here to receive our Internet Daily e-Newsletter!
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As CEO and chairman, James Elsesser kept looking for a way to make Interstate Bakeries Corp. as solid as its brand names. Inheriting a company with aging factories and slow reflexes that for decades
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IAC/InterActiveCorp  is  talking to potential investors interested in the four business  units the Internet conglomerate plans to spin off, such as its  HSN shopping network and Ticketmaster box office service, the  Wall Street Journal reported on Saturday.
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The spinoff faces the same challenges as any other, but don't turn up your nose at this stock.
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The two firms' impending combination could create a dull but dedicated company.
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Securities and Exchange Commission Chairman William H. Donaldson said yesterday that he wants to move ahead this year with a plan that would allow dissatisfied shareholders to propose board candidates under limited conditions.