U.S. cable television giant Time Warner has replaced two top AOL executives with one from Google, the company said. AOL's named Google Senior Vice President Tim Armstrong as its next chairman and chief executive officer.

Randy Falco has been replaced as AOL chairman and chief executive two years after taking the job, AOL's parent company said Thursday. Google senior vice president Tim Armstrong has been named the new chairman of America Online, officials said. Armstrong replaces Falco.

AOL to shed 2,000 jobs worldwide LOS ANGELES, Oct. 15 (Xinhua) -- American Online (AOL) announced on Monday it will cut 2,000 jobs, or 20 percent of its global workforce.

, including 1,200 in U.S., as it transforms into online ad company By ANICK JESDANUN AP Internet Writer NEW YORK (AP) - AOL is eliminating another 2,000 jobs worldwide as it tries to cut costs and make room to grow in online advertising.

By Associated Press AOL is eliminating another 2,000 jobs worldwide as it tries to cut costs and make room to grow in online advertising. The 20 percent slice from AOL's workforce comes after several rounds of layoffs in recent years, including a cut of 5,000 jobs last fall.