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By Karen Kaplan
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* Internet postage retailer Stamps.com is expected to announce today that America Online will make a multimillion-dollar investment in the Santa Monica-based company. AOL will become one of Stamps.com’s biggest investors, with about a 5% stake in the company. The two companies will also announce a three-year, $56-million deal to give Stamps.com high-profile placement on several of AOL’s Web sites to help it compete against rival E-Stamp of San Mateo, Calif.

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Karen Kaplan

Karen Kaplan covers science and medical research for the Los Angeles Times. She has been a member of the science team since 2005, including 13 years as an editor. Her first decade at The Times was spent covering technology in the Business section as both a reporter and editor. She grew up in San Diego and is a graduate of MIT and Columbia University.

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