Time Warner - Aol Split | featured news

AOL had a record decline in New York trading after reducing its annual earnings forecast, raising concerns that the company may not be able to turn itself around following the 2009 spinoff from Time Warner. AOL fell $3.88, or 26 percent, to close at $11.19 in New York Stock Exchange trading, the biggest drop and the lowest level since the spinoff. Earlier, the slump prompted a so-called circuit breaker that temporarily halted trading.

Today, AOL comes back on the NYSE following its spinoff from Time Warner (TMX) — and the one-time Web titan is marking the transition with a rebrand.
Gone is the blue AOL of old, replaced with goldfish, monsters, butterflies and the partially lower case “Aol” branding we previewed previously. These symbols represent themes on the site; pick one to change the color scheme and background.

About 2,500 jobs will be lost after AOL is spun off from Time Warner next month.

Time Warner unveiled plans Thursday to spin off AOL as an independent company, an end to the massive media media marriage formed in 2001.