Quick Facts
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

Reports: AOL Plans To Cut Jobs - Quick Facts

RELATED NEWS
Trade AOL now with 
3/1/2012 8:00 PM ET

AOL Inc. (AOL: Quote) plans to cut jobs, including workers at its AIM instant-message service, reports stated, citing people familiar with the situation.

Less than 100 workers will be affected, reports added. The layoffs are expected in the next couple of weeks.

Jason Shellen, who runs AIM, may seek a buyout in the next few weeks, reports added citing two people familiar with the matter.

Click here to receive FREE breaking news email alerts for AOL Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Starbucks Corp. said Thursday after the markets closed that its second quarter profit rose 9.4% from last year, helped by higher revenue. The company's quarterly earnings per share came in line with analysts' expectations, but its quarterly revenue fell short of analysts' forecast. The world's largest specialty coffee retailer also raised its full year earnings outlook. Software giant Microsoft Corp. said Thursday after the markets closed that its third quarter profit fell 6.6% from last year, when results were boosted by special upgrade offer revenues. However, the company's quarterly earnings per share came in above analysts' expectations as did its quarterly revenue. Apple Inc. said Wednesday after the markets closed that its second quarter profit rose 7% from last year, as sales surged and margins improved amid strong sales of its iPhones. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly revenue. At the same time, the company gave a slightly downbeat revenue forecast for the current quarter.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.