Old 07-22-2008, 06:10 PM Offline   #1 (permalink)



 
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Default IAC to take $170M in charges for spinoffs (AP)

AP - Internet conglomerate IAC/InterActiveCorp, preparing to spin off four of its operating units, said late Tuesday it plans to take about $170 million in charges because the housing crisis has diminished the value of its mortgage and real estate businesses.

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