AOL, Inc. (NYSE:AOL) allows Microsoft (NASDAQ:MSFT) to purchase more than 800 of its patents and their related patent applications. AOL will receive a total of $1.056 billion in cash for the patents, and in addition will grant Microsoft a non-exclusive license to its retained patent portfolio. AOL will continue to hold a significant patent portfolio of over 300 patents and patent applications across core and strategic technologies, which include advertising, search, content generation and management, social networking, mapping, multimedia and streaming, and security among others, after the sale is complete.
Randgold Resources Ltd. (NASDAQ:GOLD) says that disruptions after last month’s military coup in Mali did not affect its gold production there, for all practical purposes. The West African country’s neighbors assisted in the brokering of a political settlement, and within the past few days it was announced that Mali’s constitution will be reinstated, with the head of the general assembly becoming the acting head of state, who will facilitate a return to democratic rule.
Centene Corp. (NYSE:CNC) is among several Medicaid pure-plays whose contracts will not be renewed by the State of Ohio. It was announced Friday that Ohio selected Aetna (NYSE:AET) and United Healthcare (NYSE:UNH) to provide service beginning on January 1, 2013 to Ohio citizens enrolled in Medicaid. Other pure-plays whose contracts will not be renewed include AGP(NYSE:AGP), Molina Healthcare (NYSE:MOH), and WellCare (NYSE:WCG). On Monday Deutsche Bank commented to investors that this decision disappoints the pure-plays, ‘especially given the large, mature and profitable nature of the Ohio Medicaid market’.
Sherwin-Williams Co. (NYSE:SHW) raised its first quarter guidance from 56 to 74 cents, to 92 to 95 cents, beating a consensus of 72 cents. The reason noted by the paint producer was strong sales by its Paint Stores Group, whose new sales rose approximately 20 percent in the first quarter. This was mostly due to improving domestic architectural paint sales volume spanning all end market segments, with price increases as well.
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