Confused on the concept, eh?
Investors Applaud AOL Time Warner’s Honesty
NEW YORK — Despite warnings from Wall Street analysts, shares of troubled entertainment behemoth AOL Time Warner Inc. (AOL) rose Thursday as investors applauded the company’s recent moves to come clean on the accounting front.
So investors are happy that AOL, kicking and screaming, is being forced to be honest? But hold on. If you read the story further, well, uh, AOL still has accounting problems with the “online unit” and several ongoing federal investigations into their accounting.