BUSINESS DIGEST
USA Interactive Buy donors for $ 734 million
USA Interactive, online commerce, a conglomerate controlled by Barry Diller, has agreed to buy Lending Tree, a leading Web site operators of home loan, for $ 734 million in stock.
USA Interactive buys Internet was willing to sell the company, as it their entertainment assets last year to Vivendi Universal. ”We have repeatedly said that we were eager to expand in the area of financial services and real estate,’’said Diller. ”We have in each company in these areas, not nailed, and Lending Tree is a company that we wanted.”[Page C3.]
Justices generally on fraud Fund-raising
Answer charities, misrepresentation aware that the portion of funds will go to beneficiaries may be criminally prosecuted, such as associations of fraud, the Supreme Court decided unanimously. [A26.]
Another advocacy guilty Health South
A former Chief Financial Officer of Health South, Aaron width, left, convicted of bank fraud. Mr. Beam, 59, acknowledged he helped Richard M. Scrushy, former Chief Executive, inflate merits in the years 1996 and 1997, deceived and donors. Every five ex-South Health’s Chief Financial Officers have pleaded guilty and helping prosecutors to consider Mr. Scrushy role in an accounting fraud. [C8.]
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