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AOL Chief Reverses Baby-Blaming 401(k) Cut

AOL Corp. CEO Tim Armstrong has abandoned an unpopular plan to delay company contributions to employee retirement accounts and apologized for citing two high-cost births as part of the impetus for the plan.

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(Tim Boyle, Getty Images)
(Tim Boyle, Getty Images)
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New Patch Owner Lays Off Hundreds

Just two weeks after Hale Global took Patch off AOL's hands, at least 80-90 percent of the "hyperlocal" news website's employees were laid off today, according to some sources.

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AOL To Sell Over 800 Patents To Microsoft

AOL says it has agreed to sell 800 of its patents and their related applications to Microsoft and grant it a license for its remaining patents for a total about $1.06 billion in cash.

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