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April 4, 2006 | From the Associated Press
It's official: America Online Inc. is now simply AOL, after Time Warner Inc.'s Internet unit renamed itself. America Online Inc. acquired Time Warner in 2001, forming AOL Time Warner Inc. But as the Internet access business declined, the parent dropped AOL from its name and again became just Time Warner. In changing its name from America Online to AOL, the unit also converted its legal structure from a corporation to a limited liability company.
February 1, 2013 | By E. Scott Reckard
Bank of America Corp. scrambled to restore service Friday to its enormous customer base -- 40 million households -- which spent most of the day without access to online, mobile and telephone banking services. A prominent consultant called the outage "inexcusable. " In tweets Friday, the bank said the outage stemmed from technical issues. That raised the question how such a massive outage could occur at BofA, the second-largest U.S. bank. The outage follows efforts by Chief Executive Brian Moynihan to overhaul bank operations to better cater to costumers' needs.
April 30, 2003 | From Bloomberg News
America Online said advertising chief Robert Sherman has resigned after a year with the unit, where ad sales are forecast to fall as much as 45%. The AOL Time Warner Inc. subsidiary said last week that sales of new ads rose in the first quarter and that it expected "double-digit" ad growth in 2004. Sherman, who had come out of retirement to help reverse a sales slide, leaves his job as president of interactive marketing today, a spokesman said.
November 7, 2012 | By Henry Chu, Los Angeles Times
LONDON - To Americans, he was the quintessential Englishman, whose urbane manner and genteel accent brought British culture into countless U.S. homes each week on the PBS program "Masterpiece Theatre. " But here in his native land, Alistair Cooke played exactly the opposite role, introducing America to Brits through a sympathetic wit and keen observation that infused a remarkable series of radio broadcasts spanning more than half a century. "Letter From America," Cooke's regular essay on his adopted country, was a mainstay for generations of BBC listeners curious about life on the other side of the Atlantic.
January 28, 1997 | Times Staff and Wire Reports
America Online Inc. said it is offering refunds on a case-by-case basis to customers who call complaining that they can't log on to the service. The move comes as AOL faces a rash of criticism that the online computer service oversold a product it couldn't reliably deliver. With users swamping the service's lines in response to a new flat-rate pricing plan, busy signals frequently greet subscribers trying to log on during periods of heavy usage. A spokeswoman for Dulles, Va.
January 8, 1997 | Times Staff and Wire Reports
America Online Inc. has shut down its connections in Russia because of credit card fraud and fraudulent use of passwords, affecting about 2,000 customers. An unidentified number of AOL accounts were opened using fake or stolen credit cards that let thieves use the No. 1 online service without paying, the Vienna, Va.-based company said. AOL charged customers who used the special Russian access phone lines $34 an hour on top of regular monthly charges. AOL said it closed the lines Dec.
November 7, 1997 | From Reuters
America Online Inc. on Thursday reported record fiscal first-quarter revenue and a $19-million profit, citing subscriber growth, improved subscriber retention and other factors. AOL Chairman Steve Case said the world's No. 1 online service, which said it had 9.4 million subscribers as of Sept. 30, will hit the 10-million-member mark by the end of November. "This is ahead of schedule," Case said in a telephone interview. The Dulles, Va.-based company had net income of $19.
November 29, 2001 | Bloomberg News
AOL Time Warner Inc. said subscribers to its America Online Internet service, the world's biggest, now top 32 million after the company upgraded the software and added a million customers in about 11 weeks. America Online introduced the new version of the service last month that added features for subscribers who access the Web at high speeds. Customers have downloaded the new software 7million times, a "record adoption rate," the company said.
December 29, 1998
America Online Inc., the No. 1 online service, filed a suit in an effort to stop its customers from being flooded with millions of unsolicited pieces of junk e-mail. The suit, filed in federal court in San Diego against Michael Persaud, alleges that he committed fraud by using various names to send millions of e-mail messages to America Online customers. The suit is one of nine recently filed by Dulles, Va.
January 25, 2006 | Roger Vincent
America Online has signed a $40-million lease for a Beverly Hills office building that will house studios and offices for its program to develop original content for subscribers to its online services. Dulles, Va.-based AOL will occupy all 82,576 square feet at 331 N. Maple Drive for 10 years under the agreement, said real estate broker Christopher Bonbright of Ramsey-Shilling, who represented landlord Bendheim Enterprises Holdings.
November 20, 2009 | By Mike Musgrove
AOL said Thursday that it planned to reduce its workforce by a third over the next several months. The New York company, which employs about 6,900 people, is hoping to get as many as 2,500 workers to participate in a "voluntary layoff" program in early December. For the time being, AOL is part of Time Warner, though the media giant is scheduled to spin off the former dial-up Internet powerhouse into a separate company Dec. 9. Chief Executive Tim Armstrong announced the latest round of restructuring Thursday morning.
October 16, 2007 | Thomas S. Mulligan, Times Staff Writer
Struggling Internet service AOL said Monday it would pare costs by cutting 2,000 jobs, or one-fifth of its global workforce, as part of its painful transition from a subscriber-based business to an online advertising forum. Job cuts will come in all parts of the company, a unit of Time Warner Inc., but one of the areas expected to be most affected is the Internet-access business that used to be AOL's core.
September 8, 2007 | From the Associated Press
AOL is once again revamping its Web portal, dropping a year-old "social news" component in which visitors submitted news stories and blog entries and voted on them to determine how they're ranked on the site. AOL, the Internet services unit of Time Warner Inc., said it wasn't giving up on social news completely and would instead send interested visitors to a separate, yet-to-be-determined Web address.
July 25, 2007 | From Times Wire Services
AOL, a Time Warner Inc. unit, agreed to buy closely held Tacoda for technology to place Internet ads based on consumers' online behavior. New York-based Tacoda Inc. plans to track how users view AOL and its partner websites to come up with more targeted ads tied to those preferences. The purchase price is $200 million to $300 million, Dulles, Va.-based AOL said.
July 12, 2007 | From the Associated Press
Averting a looming court battle over how it has handled the exodus from its Internet dial-up service, AOL has agreed to make it easier for its remaining customers to leave as part of a $3-million settlement with 48 states and the District of Columbia.
April 18, 2007 | Thomas S. Mulligan, Times Staff Writer
In the latest sign that Internet companies are stepping up their pursuit of traditional TV advertisers, AOL on Tuesday jumped ahead of network prime-time's annual "upfront" advertising sales season by previewing its own "fall" lineup of programs.
July 19, 1999 | From Washington Post
America Online Inc., the unchallenged leader in cyberspace access at home--with 16 million U.S. customers and counting--has been humbled in Britain this year. Today it will strike back with its competitors' weapon: free Internet service.
May 29, 1998 | From Times Staff and Wire Reports
America Online Inc. agreed to pay $2.6 million to 44 U.S. states, including California, to settle allegations that the leading online service misled consumers about fees and phone rates. But consumers won't see any of that money, which will instead be shared by the states for the costs of investigation and consumer education. California will receive about $100,000, said Bill Maile, a spokesman for Atty. Gen. Dan Lungren's office.
February 7, 2007 | From the Associated Press
Two former mid-level executives at America Online were acquitted Tuesday on all charges they conspired with a now-defunct Las Vegas software firm to inflate its revenue. A third defendant, a former senior executive at Las Vegas-based PurchasePro, also was found not guilty on all counts. John Tuli, 39, of Weston, Mass.
January 16, 2007 | From Reuters
AOL, the Internet unit of Time Warner Inc., said Monday that it had agreed to buy Swedish online marketing firm TradeDoubler for about $900 million to enhance its advertising capabilities in Europe. But the cash deal, which was recommended by the TradeDoubler board, ran into trouble as a major shareholder said it would vote against the transaction and other investors signaled that they would need a sweetener before approving it.
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