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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Despite its much-needed product, the company's growth potential is limited.
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He has announced incentives for change, but most experts say they'll have little impact.
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IAC/InterActive Corp. plans to split itself in two by spinning off online travel service Expedia.com and related businesses into a company called &quot;Expedia,&quot; saying IAC&#39;s public perception as a travel company was hindering its growth.
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Och-Ziff files for IPO in wake of less-than-superlative Blackstone offering.
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When the news broke last week that a drab-sounding Kansas City-based company called Interstate Bakeries had filed for bankruptcy protection, it may not have immediately gripped the imagination.
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Business & money: Â·  Rebels want cash payout from American spin-off Â·  Fresh row likely over executive remuneration
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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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The company's IPO was underwhelming, but the long-term prospects look promising.
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InterActiveCorp  Chief Executive Barry Diller says the Web conglomerate emerging after the spin-off of the company's online travel business will not resemble a traditional portal company like Yahoo Inc.
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InterActiveCorp (IAC) plans to spin-out Expedia and its other travel-related sites as a separate company next year, the company announced this morning.
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A report by the inspector general says the CIA had an insufficient strategic approach to counterterrorism and that its counterterrorism center insufficiently fused analysis and operations.
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IAC/InterActiveCorp, the Internet and television commerce company controlled by Barry Diller, will spin off its travel business, which owns Expedia.
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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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The legacy of Dennis Kucinich's longshot presidential campaign may be less his anti-war views than a futile fight that legally reinforced the rights of TV networks to organize their own debates.
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The adult entertainment company's results weren't as enticing as its products.
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Altria Group, the world's largest tobacco company, plans to spin off Philip Morris International under pressure from investors who want faster overseas growth and less risk from lawsuits by smokers in the United States.