AOL Rises to Highest Value Since 2009 on Quarterly Profit
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AOL Inc., owner of the Huffington Post and TechCrunch, rose to its highest value since it was spun out of Time Warner Inc. in 2009, after an increase in advertising revenue and a one-time gain on a patent sale helped the company return to a profit in the second quarter.
AOL advanced 7.2 percent to $29.48 at the close in New York. That’s the stock’s highest value since Nov. 25, 2009, when it listed shares after being separated from Time Warner. The stock has almost doubled this year.