AOL shares dip after company splits from Time Warner

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Posted: Dec 10, 2009 9:53 AM by John Pastorek
Updated: Dec 10, 2009 10:27 AM
Source: Associated Press

  Rating: 0.0 (0 votes)

Topics: AOL, Time Warner, shares, investors, stock market, Internet

Shares of AOL dipped in early trading Thursday as the Internet company split from media giant Time Warner.

AOL shares were issued at almost $24, but fell 67 cents in morning trading.

Shares of Time Warner climbed more than one dollar to $30.34.

AOL wants to boost the advertising money it makes with its Web sites, but the company hasn't convinced investors that its turnaround strategy will pay off.

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