• Most Popular
  • Most Shared

UPDATE 1-AOL sees $200 mln charges after spin-off

Thu Nov 12, 2009 8:49am EST

Stocks

   

* Sees $200 mln charges for restructuring

Stocks  |  Mergers & Acquisitions  |  Global Markets  |  Cyclical Consumer Goods

* Says charges due from spin-off through first half 2010

* Time Warner Inc shares closed at $31.91 Wed.

NEW YORK, Nov 12 (Reuters) - Time Warner Inc (TWX.N) subsidiary AOL said on Thursday that it expects to take $200 million in restructuring charges after its planned spin-off from Time Warner.

AOL said it would incur substantially all of the charges from the date of the spin-off, due to take place in the current quarter, and through the first half of 2010.

AOL said the charges relate to "additional restructuring activities" but did not elaborate further in a filing made with the U.S. Securities and Exchange Commission. (Reporting by Sinead Carew, editing by Gerald E. McCormick)

Stocks
Mergers & Acquisitions
Global Markets
Cyclical Consumer Goods


More from Reuters

Photo

U.S. pay czar Feinberg OKs compensation at some bailout firms

WASHINGTON (Reuters) - U.S. pay czar Kenneth Feinberg on Wednesday approved compensation plans for several executives and top-paid employees at three firms that have received taxpayer aid.

» More Top News
A man dressed as talks on a telephone during his visit at the Benjamin Bloom National Children Hospital in San Salvador December 17, 2009.

Making the call on stocks

Looking for something special to put under your favorite investor's tree? These shares may provide the best upside surprise.  Full Article 

Healthcare reform
A customer orders food at the newly opened Island Salad restaurant in Harlem in New York December 16, 2009. REUTERS/Finbarr O'Reilly

Food fight in Harlem

In a neighborhood where hamburgers and tacos reign supreme, one entrepreneur is waging war on obesity -- one salad at a time.  Full Article 

Lifestyle