AOL subscribers spending up 26% to $1.09bn

Subscribers to AOL, the internet arm of AOL Time Warner Inc, spent some $1.09bn (€1.09bn) shopping online during what is traditionally seen as the first week of holiday shopping in the US.

Online shopping sales by AOL's subscribers rose 26% year-over-year during the US Thanksgiving holiday shopping week, which fell on Nov 25 to Dec 1 this year, it said.