Erin Joyce

Profits for AOL Time Warner almost tripled to $1.1 billion, or 24 cents per share (23 cents per diluted common share) for the second quarter of 2003, despite a bigger than expected loss of subscribers in its AOL division. The results, which include $277 million worth of charges, were sharply higher than its net income […]

Wal-Mart, already in the business of renting DVDs and selling discount Internet access along with furniture on its Walmart.com Web site, is adding checking accounts to its online payment options. The retailing giant said that, in response to its customers, it is now accepting checking account numbers from customers who don’t want to use a […]

After issuing an upbeat report about America Online, Deutsche Bank has now upped its expectations on the outlook for its parent, AOL Time Warner , by about $300 million in cash. In a research note published Tuesday, DB analysts Douglas Mitchelson and Brett Peven said they were raising their 2004 cash earnings estimate by $300 […]

Pre-paid cash cards are coming back, this time with the backing of America Online , which took the wraps off its new AOL Cash Card for teenagers Tuesday as part of its unveiling of the AOL 9.0 client. The ISP said the new feature is for teenaged members, but has to be set up by […]

Outsourcing deals are showing no signs of abating among corporations, as Ericsson and Raytheon said they finalized deals that call for IBM to help manage and streamline some of their supply chain systems. Swedish phone giant Ericsson said it tapped IBM Global Services in a five-year-contract in which Big Blue is expected to manage and […]

The nation’s number-two cable operator, Time Warner Cable plans to test out a re-architected version of Microsoft’s interactive television software, a spokesman for the cable company said. The trial is expected to be deployed in Time Warner Cable’s division in Beaumont, Texas, said Mark Harrad, spokesman for Time Warner Cable, and will include interactive programming […]

As America Online gears up for the release of its latest client, “AOL 9.0 Optimized” later this summer, analysts are growing increasingly positive about the ISP’s dual strategy of building broadband subscribers while managing the erosion of its dial-up base as online audiences switch to high-speed services. “AOL has made meaningful progress towards re-establishing its […]

Acquisitions combined with cost-cutting helped tech bellwether IBM declare a profit of $1.7 billion, or 98 cents per share, during the second quarter of 2003, results that were sharply higher than the same, year-ago period. Revenues were up by 10 percent to $21.6 billion, not counting incremental charges of $1.1 billion after taxes. The theme […]

Open source development group Mozilla.org Tuesday officially separated from its one-time browser parent Netscape Communications by moving its operations under the roof of new non-profit group The Mozilla Foundation. The move is yet another sign that the days of America Online’s Netscape Communications division, which originally launched the Mozilla project, are numbered. An AOL spokesman […]

NEW YORK – Unique online content, such as must-have, stats-driven sports analysis for rabid sports fans, is becoming a key driver in the growth of micropayments and paid content in general, digital sports executives say. “I think the music industry’s success with paid downloads will set the stage for micropayments in sports” content, said Tom […]

In a telecommunications sector searching for signs that the three-year shakeout is waning, networking equipment maker Juniper Networks’ second quarter results are providing some evidence. The telecom hardware maker said its net profit for the period was $13.6 million or 3 cents per share, up 54 percent compared to its net income of $6.2 million, […]

Computer services company EDS has closed an eight-year, $63 million outsourcing contract with Marathon Oil, a pact that calls for EDS to help the oil company consolidate its servers and streamline its computing systems. The deal is expected to help the Houston-based Marathon focus on its core energy business, which includes exploration, development, and production […]