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TimArmstrong posts

Bulls & Armstrong take over, Buffett & GE take their medicine

Posted Mar 13th 2009 5:30PM by Sheldon Liber (RSS feed)
Filed under: Other Issues, Management, Rants and Raves, Google (GOOG), General Electric (GE), Time Warner (TWX), Berkshire Hathaway (BRK.A), Citigroup Inc. (C), Headline News, Recession

Heading into the week's end, we find that the ground under Wall Street has shifted a little. For at least one week this year, investors have looked at the glass as half full, lending some support to a story I posted earlier in the week: Is the stock market spring loaded? Could it move 3,000 points higher now?

Given that there was plenty of bad news, and some of the good news was suspect, I think investors simply decided "it is better to light one small candle than curse the darkness."

Continue reading Bulls & Armstrong take over, Buffett & GE take their medicine

Google exec Tim Armstrong takes helm at AOL

Posted Mar 12th 2009 7:00PM by Amey Stone (RSS feed)
Filed under: Google (GOOG), Time Warner (TWX)

Tim Armstrong is the new chief executive of AOL, a division of Time Warner (NYSE: TWX) and parent of BloggingStocks. Armstrong, a senior VP at Google (you can read the press release here) replaces Randy Falco, who joined AOL in November, 2006. Also leaving AOL is President Ron Grant.

Time Warner shares initially traded down in after hours trading following the announcement, but were leveling off by 6:30. The stock closed at $8.32 today, a gain of 5%, and at 7pm was at $8.31.