IAC/Interactive Corp (NASDAQ: IAC) recently announced a deal to acquire the publishing segment of media company Meredith (NYSE: MDP). IAC has a good track record coaxing growth out of its online brands, and this acquisition could be promising as well. IAC, formerly known as Interactive Corp, but this is Barry Diller's company.
Yahoo Finance's Julie Hyman and Brian Sozzi break down the morning's top stock movers, including Levi, IAC, and Tilray.
The stock market has been volatile, with a pullback in September reminding investors that stocks don't always move straight up. As of 8 a.m. EDT, futures contracts on the Dow Jones Industrial Average (DJINDICES: ^DJI) were up 288 points to 34,579. Earnings season doesn't kick off until next week, but a few companies are still reporting their results, and last night's numbers from Levi Strauss (NYSE: LEVI) showed a generally positive tone in retail that is encouraging going into the holiday shopping season.