IAC reports 2nd-qtr profit below analyst estimates, hurt by weak ad salesJuly 29th, 2009 Profit below estimates in 2Q for Diller's IACSAN FRANCISCO — IAC/InterActiveCorp, the company behind such Internet properties as Match.com, Ask and Citysearch, posted a second-quarter profit that fell short of analyst expectations Wednesday and indicated the online ad market is still weak. IAC, which is led by media mogul Barry Diller, said it earned $40.8 million, or 28 cents per share in the quarter that ended June 30.
IAC reports 3rd-qtr profit, helped by one-time gains as ad revenue still slumpsOctober 27th, 2009 more images
more imagesIAC reports 3Q profit but ad revenue still slipsSAN FRANCISCO — IAC/InterActiveCorp, which runs Match.com, Ask.com and other Web sites, said Tuesday that asset sales helped it profit in the third quarter while advertising revenue continued to slump. The results for IAC, which is led by media mogul Barry Diller, come after other Internet companies indicated in their third-quarter reports that the online advertising market remains uneven.
IAC reports 2nd-qtr profit though revenue is hurt by weakness in Internet ad salesJuly 29th, 2009 IAC has 2Q profit; revenue falls in weak ad marketSAN FRANCISCO — IAC/InterActiveCorp, the company behind such Internet properties as Match.com, Ask and Citysearch, posted a second-quarter profit that fell short of analyst expectations Wednesday and indicated the online ad market is still weak. IAC, which is led by media mogul Barry Diller, said it earned $40.8 million, or 28 cents per share in the quarter that ended June 30.
IAC to close RushmoreDrive search site aimed at black communityJune 11th, 2009 IAC to shutter Web site aimed at black community
NEW YORK — IAC/InterActiveCorp will shut down the year-old RushmoreDrive, a search engine geared toward the black community. Spokeswoman Stacy Simpson said Wednesday that the Barry Diller-led Internet services company will close the site Friday after an unsuccessful effort to sell it.
Analysts expect profit of 13 cents per share in IAC's 3rd quarter, ad revenue seen decliningOctober 26th, 2009 Earnings Preview: IAC/InterActiveCorpSAN FRANCISCO — IAC/InterActiveCorp reports earnings for the third quarter on Tuesday before the market opens. The following is a summary of key developments and analyst opinion related to the period:
OVERVIEW: During the third quarter, the Barry Diller-led Internet company said it would begin a new media venture with Ben Silverman, who was leaving his post as co-chairman of NBC Entertainment.
Ask.com rolling out deals service to gather coupons from discount sites, blogs, message boardsOctober 5th, 2009 Ask.com mines online coupons with new aggregatorSAN FRANCISCO — Ask.com hopes to persuade consumers that are fond of discount Web sites to bring their bargain hunts to its search engine. On Tuesday, Ask is rolling out Ask Deals, a service that will let visitors search for online coupons and bargains that it indexes from several dozen popular coupon Web sites, along with retail Web sites, message boards and blogs.
Twitter's influence, moneymaking challenges emerge as hot topic as media summit kicks offJuly 8th, 2009 Top media execs wonder how Twitter will make moneySUN VALLEY, Idaho — It turns out the media elite aren't so different from a lot of less affluent folks: They think Twitter is a great communications tool, but can't figure out how the online messaging service is going to make money. The recurring doubts about Twitter's moneymaking potential cropped up again Wednesday as an exclusive media summit hosted by investment banker Allen & Co.
CDC Software to acquire business intelligence solutions for manufacturingOctober 5th, 2009 CDC to acquire business intelligence providerATLANTA — Business software developer CDC Software Corp. said Monday it has agreed to an all-cash purchase of a provider of business intelligence solutions for manufacturing intended to help expand its presence in the food and beverage, consumer packaged goods and automotive markets.
Oracle to acquire Sun Microsystems for $7.4 billionApril 20th, 2009 REDWOOD SHORES - US-based software major Oracle Corp plans to acquire Sun Microsystems for $7.4 billion at $9.50 per share in a cash transaction, the two companies said Monday. 'We expect this acquisition to be accretive to Oracle's earnings by at least 15 cents on a non-GAAP (non-generally accepted accounting practices) basis in the first full year after closing,' Oracle president Safra Catz in a statement.
Polaris to acquire Laser Soft for Rs.52 croreOctober 15th, 2009 CHENNAI - City-based banking, financial services and insurance (BFSI) company Polaris Software Lab Thursday said it will acquire competitor Laser Soft Infosystems for Rs.52 crore. "The acquisition will enable us to target Indian banks as well as banks in Africa, Latin America for core banking and other financial technology solutions," Arun Jain, chairman and chief executive of Polaris Software, told reporters here.
IBM to acquire analytics software maker SPSS in all-cash deal worth $1.2BJuly 28th, 2009 IBM to acquire SPSS for $1.2BARMONK, N.Y. — IBM Corp.
NuGrowth Solutions reaches deal to acquire subsidiary of State Auto Financial Corp.August 20th, 2009 NuGrowth buying subsidiary of State Auto FinancialCOLUMBUS, Ohio — Software sales and development company NuGrowth Solutions has inked a deal a buy a subsidiary of State Auto Financial Corp., a property and casualty insurance holding company. Terms of NuGrowth's deal to acquire Strategic Insurance Software were not disclosed Wednesday.
China shuts down 91 websites containing pornographyJanuary 10th, 2009 BEIJING - China has shut down another 50 websites for containing pornography and lewd content, bringing the total number of blocked sites to 91 since last Thursday. Authorities have vowed to beef up crackdown efforts in the following days and urged law-breakers to voluntarily turn themselves in to local public security departments.
EBay wins approval for acquisition of South Korea's online marketplace GmarketApril 23rd, 2009 EBay wins approval for South Korean acquisitionSEOUL, South Korea — Ebay Inc. has won regulatory approval to acquire online marketplace Gmarket, South Korea's antitrust watchdog said Thursday.
Stone-age rings unearthed at prehistoric sites in Central JavaJuly 15th, 2009 JAKARTA - An archeological research team from the Bandung Institute of Technology (ITB) and the Purwokerto-based Jendral Sudirman University has discovered at least 50 new sites rich in prehistoric rings from the Stone Age along the Kliwang River in Purbalingga, Central Java. "We found stone relics made from green jaspers in the form of rings," team leader Sudjatmiko told The Jakarta Post.