News Summary (AOL, KO)

AOL Inc AOL has announced its plans to purchase 5min Media for an undisclosed sum. AOL is expecting the deal to "expand its consumer offering of contextually relevant, high-quality video across its sites." Coca-Cola Co KO has planned to make an investment of $1 billion in the Philippines over the forthcoming 5 years. The company will be spending the amount on production, distribution and new products. As per the Case-Shiller home price index by Standard & Poor's, the prices of single-family homes moved up a non-seasonally unadjusted 0.6% in the month of July in 20 major cities. The prices rose 3.2% y/y in July, as compared to 4.2% in June. Read more from Benzinga's Markets.