Among the sector activity stories for Wednesday, May 14, from AP Financial News:

IAC/Interactive Corp. is on track to begin spinning off four businesses, analysts said Wednesday after the company resolved a dispute with a key shareholder who opposed the plan.

Media moguls Barry Diller and John Malone have settled their differences over the breakup of Diller's IAC/InterActiveCorp, paving the way for the Internet conglomerate to spin off four of its units.

Liberty Media and IAC/InterActiveCorp resolved their legal dispute over IAC's proposed restructuring, paving the way for a spinoff of four IAC units

Powerset on Sunday unveiled tools for searching Wikipedia that use conversational phrasing instead of keywords, marking the first step of its challenge to established Web search services such as Google.

Liberty Media Corp. filed an appeal to stop IAC/InterActiveCorp from pursuing a plan to break up the Internet conglomerate, although Liberty's chief executive said it was still exploring a variety of options.

A House subcommittee on Tuesday will examine proposed legislation that would make the principle of treating all traffic on the Internet equally into law.

A Delaware court ruled in favor of IAC/InterActiveCorp chief Barry Diller on Friday in a legal dispute with controlling shareholder Liberty Media, paving the way for him to proceed with a proposed spin-off of four company units.

Liberty Media's John Malone, a longtime business partner of Barry Diller, took action Monday to oust Diller from the board of the IAC/InterActiveCorp Internet conglomerate.

Shares of major Internet stocks declined Friday along with the overall market, with Amazon.com Inc. and eBay Inc. sliding after a Cowen and Co. analyst lowered his 2008 earnings estimates for the companies.

A "clever and sharp" restaurant guide company with "telling" rankings and "a penchant for quote marks" from its thousands of "in-the-know" reviewers is "on the block."

CNet Networks, one of the original online media companies, would typically write about all the gossip and speculation at the Consumer Electronics Show this week in Las Vegas. Now, however, the company is likely to be the one talked about.

Barry Diller's IAC  plans to spin off HSN, which includes HSN TV and hsn.com; Ticketmaster; Interval International, which will include its CondoDirect unit; and LendingTree, which will include its RealEstate.com site.