IAC shares surge despite $28M quarterly loss (Update)

(AP) -- The recession took a bite out of IAC/InterActiveCorp in the first quarter, as revenue fell 22 percent in the Internet company's media and advertising unit, which includes the Ask.com search engine.

If you want to include this story in your blog, copy and paste this formatted text:

<p><a href="http://www.physorg.com/news160218645.html">IAC shares surge despite $28M quarterly loss (Update)</a></p> <p>(AP) -- The recession took a bite out of IAC/InterActiveCorp in the first quarter, as revenue fell 22 percent in the Internet company's media and advertising unit, which includes the Ask.com search engine.</p>