Internet
- Article Tools
- Email this Article
- Print this Article
- Rss Feed
- Related Articles
- Google: No Plans for Stock Split
- Mamma.com's Loss Widens
- aQuantive on Fire
- Del.icio.us
- Digg
- StumbleUpon
IAC/InterActiveCorp's(IACI - Cramer's Take - Stockpickr) LendingTree unit is laying off 440 employees, or about 20% of its staff, according to a report late Friday on The Wall Street Journal's Web site. The report attributed the news to a LendingTree spokeswoman, who said the company had to align its costs with the changing marketplace. LendingTree's Web site connects consumers with lenders, and the company receives its revenue from the latter group. The spokeswoman said lenders are now rejecting more loan applications, hurting the company's profit margins, according to the report. Earlier this month, IAC/InterActiveCorp reported that first-quarter revenue at LendingTree dropped 12% to $100 million, while operating income before amortization fell 76% to $3.1 million. Shares of IAC/InterActiveCorp ended Friday's session up 12 cents at $34.85.
05/10/07
Google: No Plans for Stock Split
CEO Schmidt doesn't see the price as an investment deterrent.
05/10/07
Mamma.com's Loss Widens
Termination costs hit the bottom line.
05/09/07
aQuantive on Fire
Shares soar as Net investors look beyond Google.
08/05/08
Three Internet Stocks That Could Double
These forgotten Internet stocks are being accumulated by hedge funds.
08/15/08
The Five Dumbest Things on Wall Street
Raspberries for Apple; You'll be sorry, UBS; Fortress or Fort Knox? Wholly unappetizing Foods; give Liberty AOL or give them...
08/15/08
McCain Fund-Raising Picks Up
The GOP presidential candidate raised $27 million in July.
08/15/08
Cash-Back Cards Aren't Money in the Bank
Some credit and debit cards give you some cash back on purchases. But you need to manage it well to benefit from it.
More popular tickers are indicated by scale.
Sponsored by:
RSS
