IAC/InterActiveCorp, owner of online travel agency Expedia.com, reported on Wednesday that its third-quarter net income rose to $89 million, up from $19 million last year. Revenue was $1.51 billion,
which was down from $1.61 billion a year, but the company said that was due to an accounting change at hotels.com. The company's stock closed the day 13.68 percent higher, at $25.01.
