SunGard to Spin Off Its Information Services Business
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SunGard Data Systems Inc., whose software handles most of the Nasdaq Stock Market trades, said it will spin off its division that helps information-technology dependent businesses keep access to their information.
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InterActive Corp, the media group run by US entrepreneur Barry Diller, on Tuesday outlined plans to spin off its Expedia online travel group as part of an effort to maximise the potential of both businesses.
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InterActiveCorp plans to divide into two separate companies, disengaging its online travel operations from its other e-commerce and offline interests.
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Rank Group is working on plans to split off its Deluxe international film and DVD business to focus on bingo, casinos and Hard Rock cafes.
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SunGard Data Systems will spin-off its data recovery business as a separate company. The company&#39;s software and services unit handles most trades on the Nasdaq stock exchange.
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The second-largest provider of consumer voice-over-internet appears to have gone out of business. The rumor, started when SunRocket, second only to Vonage in terms of user base, stopped taking new service orders, is confirmed.
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Blog: VoIP provider SunRocket is shutting down.
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IAC/InterActiveCorp. , saying its growth is being hindered by the perception that it is strictly a travel company, on Tuesday said it plans to split itself in two by spinning off online travel service Expedia.com and related businesses into a company to be called Expedia.
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The largest U.S. bank plans to rebrand itself once a deal to sell the logo to St. Paul Travelers closes in March.
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The nation's largest bookseller reports a fall in earnings and completes a spinoff.
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The USA&#39;s largest online travel agency, Expedia.com, will be spun off into its own company, a move by its corporate parent to promote growth.
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Loews Corp  on Monday said it plans to spin off its cigarette unit, Lorillard Inc, which makes Newport, Kent and Maverick cigarettes.
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SunRocket, an Internet phone provider, abruptly ceased operations Monday and is looking to sell its assets, after two rounds of layoffs and the departures of top executives.
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Cablevision Systems Corp. on Tuesday said it was suspending a spinoff of Rainbow Media Enterprises and would pursue strategic alternatives for the division&#39;s Voom satellite television service instead.
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Cendant Corp. plans to spin off its mortgage and fleet-management operations to shareholders, ending speculation about the potential sale of the unit.
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Cosmetics company Revlon Inc. REV.N   on Monday said it would discontinue the disappointing Vital   Radiance line, launched in January, and cut about 250 jobs as   part of a massive consolidation that comes just a week after it   named a new chief executive officer.
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Kraft, the world's second-largest food and drinks firm, is to be spun off by its owner into a separate business.