Word: interactivecorp
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...size ($25 million in sales) company to hundreds of thousands of dollars for a multinational corporation, according to AIG. To qualify for coverage, companies must adhere to internationally accepted security standards. "You never know what you're going to come up against," says Moira Mooney, senior risk manager for InterActiveCorp, which owns several online businesses. "Having the insurance is a backstop...
...would slash its workforce by 15%, and InterActiveCorp, the U.S. owner of Expedia, announced a 25% drop in second-quarter net profits. Where are travelers booking? Directly with airlines - plus hotel chains like Hilton are increasingly promoting their own sites, says Simon Champion, leisure analyst at Deutsche Bank, leaving online agents with fewer rooms to hawk. Europe's holiday firms must be wondering when they'll get their break. Hallyday In The Sun It's his biggest hit ever: Johnny Hallyday, France's most popular rock star, last week secured ownership of his personal catalog of some 3,500 songs...
...hath no fury like a rival vexed, the online romance business should. Yet lawyers for industry leader Match.com have subpoenaed nine former employees who defected to True.com an upstart competitor, to find out whether they breached confidentiality agreements by disclosing secrets about proprietary information. Match.com--which is owned by InterActiveCorp., headed by media mogul Barry Diller--has more than 12 million members and dwarfs True.com (which says it has about 350,000 users). But True.com's CEO, Herb Vest, a Dallas entrepreneur with gunslinger instincts, isn't cowering. He fired back two weeks ago with full-page...
StubHub's success has attracted a hungry giant--Ticketmaster, a company that dominates the primary ticket business and is owned by Barry Diller's InterActiveCorp. After StubHub inked deals with the Arizona Diamondbacks, the Seattle Mariners and the L.A. Clippers, several Ticketmaster clients asked Diller's company to launch a secondary platform for their season-ticket holders. The game...
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