AOL names yet another head of online ad business NEW YORK — AOL, the struggling Internet unit that Time Warner Inc. is likely to spin off, said Thursday that it will put a new executive in charge of its online advertising business — making him the fourth person to hold that title in little over a year. Former Google Inc. executive Jeff Levick will be the new president of global advertising and strategy, heading the company's Platform-A ad business. He will take the post in the next few weeks.

Let workers text and Twitter, business owners say NEW YORK — When Marty Kotis looked at his company's monthly wireless bill, he found a stunning charge — for 2,500 text messages on a single staffer's phone. There was more: Another staffer had 800, and a third, 700. But Kotis, who owns a real estate development firm in Greensboro, N.C., didn't reprimand his employees, although many of the messages were personal in nature. Instead, he put it all into perspective.

Alinghi launches 35-foot cats for Cup trainingAmerica's Cup champion Alinghi of Switzerland has launched two 35-foot catamarans on Lake Geneva and will begin training for its showdown with American challenger BMW Oracle Racing next year.

Independent News & Media warns it can't pay debtDUBLIN — Ireland's major newspaper publisher, Independent News & Media, warned Thursday it is likely to default on a euro200 million ($265 million) debt due for repayment next month and is seeking a possible bailout from its top two shareholders.

Frugal Google raised 1Q lobbying tally to $880K WASHINGTON — Google Inc. has been getting more frugal with its employees and other expenses as the recession crimps its growth, but the Internet search leader isn't skimping on political lobbying, according to a recent disclosure form. The Mountain View, Calif.-based company spent $880,000 on lobbying during the first quarter, a 42 percent increase from $620,000 at the same time last year. Google spent a total of $2.8 million on lobbying last year.