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AOL's Patch plans 500 local sites by end of year

(AP) -- AOL intends to grow its Patch network of community news sites to include more than 500 neighborhoods by the end of December - a move the struggling Internet company hopes will strengthen its online advertising business.

Time Warner profits top forecasts

Media and entertainment giant Time Warner on Wednesday reported better-than-expected profits of 560 million dollars in the second quarter.

AOL execs, some analysts see changes taking hold

(AP) -- AOL Inc. reported a $1 billion-plus second-quarter loss and tumbling revenue, yet the dismal-sounding numbers appear to belie a more positive reality: The troubled Internet company is actually chugging along on its ...

AOL unloads social networking site Bebo

(AP) -- AOL Inc. is paring its ambitions in online social networking, selling a website called Bebo that it bought a little more than two years ago for $850 million when AOL was still part of Time Warner Inc.

Focus on content as AOL marks 25th birthday

AOL marked its 25th birthday Monday with chief executive Tim Armstrong saying the once high-flying Web company would focus on creating quality content and advertising as it maps out its future.

Yahoo! increases US search share, Bing up again

Yahoo! increased its share of the US search market by nearly a percentage point in April and Microsoft's new search engine Bing also recorded a slight gain, online tracking firm comScore said Tuesday.

AOL 1Q profit slumps as ads, subscriptions wane

(AP) -- Very little went right for AOL Inc. in the first quarter as it cut way back on staff and tried to refocus its business. The Internet company said Wednesday that tumbling online advertising revenue, along with restructuring ...

AOL sells ICQ instant messaging to Russia's DST

AOL said Wednesday it has sold ICQ, the top instant messaging service in Russia, to Russian Internet company Digital Sky Technologies Limited (DST) for 187.5 million dollars.

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