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BUSINESS
January 27, 2006 | From Bloomberg News
A California man was charged with defrauding America Online subscribers as part of a so-called phishing scheme whereby he sent thousands of e-mails made to look like they came from AOL's billing department. Jeffrey Brett Goodin, 46, of Azusa was charged with unauthorized use of a credit card as well as wire fraud, the U.S. attorney's office in Los Angeles said. He faces a maximum penalty of 30 years in prison if convicted.
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BUSINESS
January 26, 2006 | From Bloomberg News
America Online won a $5.6-million award against a Minnesota man who sent billions of spam e-mails over the Internet service in 2003 and whose case helped spawn anti-spamming legislation. Christopher William Smith, 25, was ordered to pay $5.3 million, or $25,000 for every day he sent out spam e-mails, plus $287,059 for America Online's legal fees, U.S. District Judge Claude Hilton in Alexandria, Va., ruled. Dulles, Va.-based America Online, a unit of Time Warner Inc.
BUSINESS
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.
BUSINESS
January 11, 2006 | From Associated Press
America Online Inc. is acquiring a video search start-up that has built technology to more easily find the latest news, sports and other online video offerings. The purchase of Truveo Inc., announced Tuesday, underscores the importance of video in drawing visitors to AOL's ad-supported sites, a big part of its year-old strategy of emphasizing free content over its declining access-subscription business.
CALIFORNIA | LOCAL
January 10, 2006 | From Times Staff and Wire Reports
Douglas Bigelow, 49, a pioneer in Internet protection who fought e-mail spam, computer viruses, identity theft and online pornography as the head of security for the world's largest Internet service provider, died of pancreatic cancer Dec. 24 at his home in Vienna, Va. In 1995, he became America Online's vice president of operations security and the company's first employee responsible for protecting both customer and corporate data.
BUSINESS
January 7, 2006 | From Bloomberg News
America Online Inc. agreed to pay customers as much as $25 million to settle claims that it wrongly billed them for some online services and products. The Time Warner Inc. unit had charged for services and products without customers' consent, according to several proposed class-action lawsuits. The plaintiffs also said AOL billed customers for accounts after they tried to cancel them. AOL denied the allegations.
BUSINESS
December 24, 2005 | From Associated Press
Google Inc.'s $1-billion investment in America Online could lead to an IPO in 2008, giving the online search engine leader and AOL parent Time Warner Inc. an opportunity to capitalize on an Internet advertising boom that they hope to fuel through their partnership. The possible timeline for an initial public offering by AOL emerged Friday in a filing with the Securities and Exchange Commission.
BUSINESS
December 21, 2005 | Chris Gaither, Times Staff Writer
Time Warner Inc. approved a deal Tuesday with Google Inc. that gives the Web-search giant a 5% stake in America Online for $1 billion and broadens the advertising ties between the Internet companies. With the agreement, which was reached last week, Google locked up a key source of cash: The simple text ads it places with AOL's search-engine results generate about 10% of Google's revenue. The deal also allowed Google to parry Microsoft Corp.'
BUSINESS
December 20, 2005 | From Bloomberg News
Billionaire investor Carl Icahn said Monday that Time Warner Inc.'s plan to sell a 5% stake in its America Online for $1 billion to Google Inc. may prove to be "disastrous" by preventing more valuable deals. "The real risk for Time Warner shareholders is that a Google joint venture may be shortsighted in nature and may preclude any consideration of a broader set of alternatives," Icahn said in an e-mail copy of a letter sent to directors at New York-based Time Warner.
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