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AOL, Inc. (NYSE:AOL) has announced Artie Minson, Jr.’s promotion from CFO to COO, which will oversee AOL’s intention to make three separate operating units: AOL Membership Group, Content Brands Group, and the Advertising.com Group. This move should allow AOL to deepen its focuses on profitability, coordinated business execution, and resource allocation throughout its brands and services portfolio. Minson will keep reporting to Chairman and CEO Tim Armstrong. Replacements for the CFO position are currently being interviewed. The shares traded up $0.58 (2.11%) recently at $28.08.
Netflix, Inc. (NASDAQ:NFLX) laid off 100 customer service employees at Hillsboro center while it hires at its Santa Clara center, Hacking Netflix reports citing an email sent to the customer service center at Hillsboro. Netflix predicts an increase in layoffs during the next two days. The shares traded up $1.12 (1.66%) recently at $68.48.
Coinstar, Inc. (NASDAQ:CSTR): Fundamental strengths keep propelling the dollar store sector and Family Dollar (NYSE:FDO), which trades well under 16x forward earnings making it the cheapest of the pack, says Barron. The company has improved its stores and product mix aggressively in order to bring in and keep customers. Also, Family Dollar’s new deal which places Coinstar’s Redbox kiosks in some Dollar General stores. The company is also the only dollar-store which pays a dividend, 1.3% right now. The shares traded up $2.25 (3.39%) recently at $68.65.
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