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AOL posts profit in 'milestone' quarter

AOL on Wednesday posted a profit for the second quarter of $970.8 million, boosted by a big sale of patents, while citing signs of progress in turning around the struggling Internet firm.

AOL promotes exec to organize company into 3 units

(AP) — AOL is promoting its head financial officer to chief operating officer. The company has tasked him with organizing the online media conglomerate into three divisions.

AOL launches $400 mn share buyback

AOL on Thursday launched a $400 million stock buyback in the latest move aimed at improving shareholder value at the Internet and media group.

Facebook beefs up patent arsenal ahead of IPO

Facebook struck a $550 million deal Monday to get its hands on hundreds of AOL patents from Microsoft as the social network hardened its defenses before it goes public on the Nasdaq.

Microsoft deal with AOL part of patent scramble

(AP) -- AOL's $1 billion deal to sell and license patents to Microsoft is another in a series of "Antiques Roadshow" moments in the technology world. Faded companies have been rummaging through their assets recently, and ...

Report: Tablets helping improve news consumption

Mobile technology appears to be increasing the public appetite for news but it's far from clear whether the news industry will profit from that, a study issued Monday concluded.

US hedge fund seeks five seats on AOL board

A US hedge fund with a large stake in AOL laid claim on Friday to five seats on the board of directors of the Internet company and criticized the strategy of the current management.

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