IAC/InterActiveCorp to Spin Off Travel Business
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DECEMBER 21, 2004 -- New York -- IAC/InterActive Corp today announced it plans to spin off its online travel-booking business into a company named for its best-known travel brand, Expedia.
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Insurer Tower is going ahead with a plan to spin off its Australian money management business, raising A$130 million ($143 million) for acquisitions in the transtasman life and general insurance markets.
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Big media companies and their executives face a tough transition as they seek growth from new businesses on the Internet, IAC/InterActiveCorp  Chief Executive Barry Diller said on Monday.
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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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HACKENSACK, NJ - With one deal, Cendant Corp. is moving from an also-ran to one of the top players in the booming online travel business.
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Internet conglomerate IAC/Interactive  Corp  has signed an agreement with online video  syndication service Brightcove Inc to create and distribute  video on the Web for IAC's brands, the companies said on  Wednesday.
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IAC/InterActive Corp. IACI.O plans  to split itself in two by spinning off travel site Expedia.com  and related businesses, saying the perception that its  operations are exclusively travel-related is hindering growth.
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American Express Co. AXP.N, the  global credit card and travel services company, on Tuesday said  it will spin off its personal finance unit, whose 12,000  advisers sell financial planning and other services to 2.5  million customers.
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IAC/InterActiveCorp. IACI.O, 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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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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FORT WORTH, Texas, Dec. 12  /PRNewswire-FirstCall/ -- American Airlines and Marriott Vacation Clubs International are teaming up to offer travelers the prize of a lifetime.  From now until Jan.
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Shares of IAC/InterActive Corp.  IACI.O rose 6.6 percent before the bell on Tuesday after the  company 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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Aiming to put itself in the vanguard of the Internet travel business, America Online will invest an undisclosed amount in an upstart that threatens to lure customers away from the industry's most dominant players, such as Orbitz, Expedia and Travelocity.
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OAKLAND, Calif., Sept. 11  /PRNewswire-FirstCall/ -- Ask.com, an operating business of IAC/InterActiveCorp , today announced the formation of a new development center in Hamburg, Germany.
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Medtronic Inc., the world's largest maker of medical devices, said yesterday it will spin off its external defibrillator business into an independent, publicly traded company.
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Standard &amp; Poor&#39;s on Tuesday changed its outlook on IAC/InterActiveCorp.(IACI.O: Quote, Profile, Research) to stable from positive, citing IAC&#39;s plans to spin off its online travel service Expedia.
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InterContinental Hotels, the world&#39;s biggest hotelier, has eased out chief executive Richard North to make way for a career hotelier with brand-building skills to drive forward the business.