IAC (IACI) announced that it has appointed Craig Smith as chief executive officer of ServiceMagic Inc. Smith previously served as the Senior Vice President of the company's Consumer Division. ServiceMagic co-founders Rodney Rice and Michael Beaudoin will transition to co-Chairmen of ServiceMagic, and will serve as advisers to the senior management team.Smith has been with ServiceMagic since 2000, most recently running the company's consumer division where he oversaw consumer marketing and operations. Prior to this, he served as the Vice President of Business Development, where he worked to cultivate strategic business partnerships.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.