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BUSINESS
December 2, 2010 | By David B. Wilkerson
Media mogul Barry Diller will step down from his role as chief executive of IAC/InteractiveCorp, the company said Thursday, as he assumes the positions of chairman and senior executive. "It's been clear to me for some time that this company needs a full-time aggressive and aspirational executive in the CEO role," Diller said in a statement. Former Match.com CEO Greg Blatt will become IAC's chief executive. The news came as IAC and John Malone's Liberty Media Corp. announced that Liberty had agreed to exchange its 60% stake in IAC for all of the stock of a wholly owned subsidiary of IAC that holds the Evite and Gifts.
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BUSINESS
December 2, 2010 | By David B. Wilkerson
Media mogul Barry Diller will step down from his role as chief executive of IAC/InteractiveCorp, the company said Thursday, as he assumes the positions of chairman and senior executive. "It's been clear to me for some time that this company needs a full-time aggressive and aspirational executive in the CEO role," Diller said in a statement. Former Match.com CEO Greg Blatt will become IAC's chief executive. The news came as IAC and John Malone's Liberty Media Corp. announced that Liberty had agreed to exchange its 60% stake in IAC for all of the stock of a wholly owned subsidiary of IAC that holds the Evite and Gifts.
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BUSINESS
September 9, 2004 | Annette Haddad
Online mortgage finder LendingTree has agreed to buy Internet-based direct mortgage lender HomeLoanCenter.com of Irvine. Terms weren't disclosed. The transaction, which is expected to close by year's end, would expand LendingTree's operations beyond its core business of matching consumers with lenders into direct lending. Privately held HomeLoanCenter.com employs about 800. Charlotte, N.C.-based LendingTree is a division of IAC/Interactive Corp. IAC shares fell 55 cents to $22.19 on Nasdaq.
BUSINESS
March 4, 2009 | TIMES WIRE REPORTS
President Obama has named Julius Genachowski, a friend from Harvard Law School, as his nominee to chair the Federal Communications Commission. Genachowski was an advisor to Obama's campaign and has been a senior executive at Barry Diller's Internet conglomerate, IAC/Interactive Corp. Genachowski worked at the FCC as chief counsel to the chairman and as special counsel from 1994 to 1997. Genachowski's nomination was widely expected after leaks from the Obama succession team in January.
BUSINESS
October 5, 2006 | From Bloomberg News
The median pay package for chief executives at 1,400 companies rose 16% last year to $3 million, about half the increase of the year before, a new study reported. A study by the Corporate Library, a Portland, Maine-based corporate governance research organization, said the slowing growth of executive pay could be explained by a drop in stock option awards. In 2004, the median, or midpoint, CEO pay had risen 30%, the organization said.
BUSINESS
September 18, 2004
* A 20-year-old man has been arrested in England for the theft of the proprietary software blueprints used by Cisco Systems Inc.'s networking equipment. The man, who has not been identified, was arrested Sept. 3 in connection with the theft made public in May. * Cooper Tire & Rubber Co. agreed to sell its automotive parts business for $1.17 billion and plans to spend some of the proceeds to build a tire factory in China. Cypress Group and Goldman Sachs Group Inc.
BUSINESS
January 19, 2011 | Bloomberg News
EHarmony Inc. Chief Executive Gregory Waldorf has resigned from the dating website that he's run for almost five years. Waldorf, 42, will be replaced on an interim basis by Greg Steiner, EHarmony's president and chief operating officer, while the board conducts a search for a permanent CEO, the Santa Monica company said Tuesday. "As EHarmony begins its second decade, the time is right for me to step down," Waldorf said in a statement, without providing a reason for leaving.
BUSINESS
May 29, 2008 | Joseph Menn, Times Staff Writer
Yahoo Inc. Chief Executive Jerry Yang on Wednesday predicted great things to come for the Internet mainstay, saying that the possibility of Microsoft Corp. buying the company had convinced his troops that they needed to show what Yahoo could accomplish on its own. Yang was one of several moguls from new- and old-media to talk at Dow Jones & Co.'s D: All Things Digital conference in Carlsbad, Calif.
BUSINESS
August 21, 2007 | From Bloomberg News
ComScore Inc., seeking to give its customers more detailed information on the habits of Web users, changed its method of measuring Internet searches to include queries sent to search engines by other websites. Under the new system, Google Inc.'s share of queries rose to 55.2% from 46.2% a year earlier. Yahoo Inc.'s share fell to 23.5% from 29.8% a year ago, the biggest decline among the top five search engines, Reston, Va.-based ComScore said Monday.
BUSINESS
August 22, 2008 | Tim Paradis, The Associated Press
Stocks finished mixed Thursday after investors largely shrugged off a jump in oil prices and a bullish analyst report limited losses on financial stocks. Crude futures shot up $5.62 to $121.18 as commodities in general rallied, boosted in part by a decline in the dollar. The CRB commodity index climbed 3.7%. Oil's advance sent airline stocks tumbling but pushed energy shares up. The Dow Jones industrial average rose 12.78 points, or 0.1%, to 11,430.21. The Standard & Poor's 500 index rose 3.18 points, or 0.2%, to 1,277.
BUSINESS
July 9, 2009 | Joe Flint
How much would you pay a month to look at YouTube? Apparently, investor Warren Buffett is willing to shell out five bucks for the pleasure of seeing dogs skateboard, kids making their own videos and the occasional piece of unlicensed material. At least that's what he told Liberty Media Corp. Chairman John Malone at the Allen & Co. conference in Sun Valley, Idaho. Malone shared that tidbit with reporters Wednesday after the morning sessions here.
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