AOL Up as CEO Says Merger May Finally Win OK

AOL

(AOL)

was up 7.7% in midafternoon as CEO

Steve Case

said he expects the company's merger with

Time Warner

(TWX)

to be approved by late December or early January at the latest. Time Warner was up 6.7%. Other Internet stocks were sharply higher.

Yahoo!

(YHOO)

rose 9.1%.

eBay

(EBAY) - Get Report

lifted 13%.

TheStreet.com Internet Index

(DOT)

was up 6.7%.