AOL Inc., the owner of the Huffington Post and TechCrunch, said Chief Executive Officer Tim Armstrong was paid $6.48 million last year, a 46 percent decline from 2012, when he was awarded larger stock options.
The U.S. Export-Import Bank halted a review of financing for a Russian natural-gas export project after the Obama administration imposed sanctions on individuals including a billionaire with a stake in the facility.
Dominique Strauss-Kahn’s ex-wife is set to recover a Matisse painting returned by Cornelius Gurlitt, the German art collector who for decades hoarded hundreds of works in his Munich apartment and in a house in Salzburg.
AOL Inc . agreed to buy the Huffington Post for $315 million as the Internet company spun off from Time Warner Inc. increases its investments in online content to help revive growth in advertising revenue.
The Huffington Post, the news site that began in 2005, will post its first annual profit this year and aims to keep sales rising as it turns readers into pundits, founder Arianna Huffington said in an interview.