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InterActive Sees Hotel Squeeze

Stock quotes in this article: IACI , PCLN , ORBZ  

Updated from 4:28 p.m.

IAC/InterActiveCorp (IACI Quote) slumped Wednesday morning after becoming the latest Internet player to warn of a slowdown in the travel business.

Shares plunged 17% in early trading as the company outlined problems throughout its far-flung online travel operations. The postclose meltdown comes on the heels of July's Internet stock selloff and adds to a deep decline this year in IAC shares. ...

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