BUSINESS
January 1, 2010 | By E. Scott Reckard
There can be few institutions more despised as 2010 begins than big U.S. banks, but what can the average person do about it? The answer, according to author and Huffington Post website co-founder Arianna Huffington: Withdraw your money. In a widely read blog post this week, Huffington and former Senate Banking Committee chief economist Rob Johnson try to stir up a popular revolt by encouraging bank customers to yank their deposits from Bank of America, Wells Fargo Bank, Chase and Citibank and move them to community banks and credit unions.
BUSINESS
February 7, 2011 | By Jessica Guynn, Los Angeles Times
In a bid to make itself relevant again, struggling Internet pioneer AOL Inc. announced late Sunday that it would buy the Huffington Post, the well-known news and opinion site, for $315 million in cash and stock. As part of the deal, Huffington Post co-founder Arianna Huffington will oversee a new group responsible for bringing together all editorial content from both companies including news, technology, music and local media websites. The deal, which was signed Sunday with approval from the boards of both companies, is something of a gamble for AOL, which is looking to reignite growth in advertising revenue.
OPINION
February 9, 2011 | Tim Rutten
Whatever the ultimate impact of AOL's $315-million acquisition of the Huffington Post on the new-media landscape, it's already clear that the merger will push more journalists more deeply into the tragically expanding low-wage sector of our increasingly brutal economy. That's a development that will hurt not only the people who gather and edit the news but also readers and viewers. To understand why, it's helpful to step back from the wide-eyed coverage focused on foundering AOL's last-ditch effort to stave off the oblivion of irrelevance, or Brentwood-based Arianna Huffington's astonishing commercial achievement in taking her Web news portal from startup to commercial success in less than six years.
NATIONAL
August 27, 2008 | JAMES RAINEY
The gravitational pull of Planet Huffington drew them in relentlessly in this convention-besieged city: news anchors, U.S. senators, Hollywood luminaries and everyday folks, orbiting like so many moons. Everyone here at the Democratic National Convention, it seems, can't wait to trade a greeting, an air kiss or a little banter with Arianna Huffington, founder of the most popular blog in America. I confess I'm as charmed and amused by the beguiling Ms. H as anyone but also slightly queasy about whether her Huffington Post will ever offer original content and reporting that lives up to the hype and pretty packaging.
BUSINESS
March 28, 2012 | By Salvador Rodriguez
It seemed too delicious. Too exciting. Too good to be true. And that's because it was. Tacocopter, a faux Silicon Valley start-up, threw the Internet for a loop these last few days with a website that promised the delivery of tacos via unmanned drone helicopters that accepted orders from a smartphone app. That combination of the excitement of Terminator films with the flavor of the cherished Mexican meal and the efficiency of the...
BUSINESS
March 11, 2011 | Nathan Olivarez-Giles
AOL Inc. is planning to cut its workforce by about 20%, or more than 900 of the 5,000 employees it has on its payroll worldwide. The job cuts are part of a restructuring aimed at increasing revenue and reflect the integration of operations with the Huffington Post, said Graham James, an AOL spokesman. AOL's chief executive, Tim Armstrong, announced the planned job reductions Thursday in an e-mail to employees. In the U.S., about 200 jobs will be cut, most of them in AOL's offices in New York and Dulles, Va., James said.