According to Bloomberg, IAC is “intending to combine the business with its own<br />HomeAdvisor online-review network and create a new publicly traded company.”<br />Shares of the chip maker Advanced Micro Devices were down sharply on Tuesday,<br />a day after forecasting weaker than expected profit for the next quarter.<br />Shares of IAC rose more than 15 percent on Tuesday on news<br />that the digital media group, controlled by Barry Diller, would buy Angie’s List for about $500 million.<br />The company made a profit of $1.5 billion, up from a loss of $583 million in the first quarter of 2016.<br />have soared over the last 15 months, rising from less than $2 a share in February of 2016 to nearly $15 this year.<br />BP shares gained after the British oil giant reported a surge in profit for the first quarter of the year.<br />and Oil -<br />By THE NEW YORK TIMESMAY 2, 2017<br />We’re following major developments in the markets throughout the day.
