Twice x Two Times: Qual utilizar

Hi there!
I always thought it was wrong to say "two times". But then I just saw it at Yahoo!: "The two-time Oscar nominee stated this on the red carpet...". Now I'm confused. When do we use one and the other?
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Hi Vanessa,

I confess I had to check it out in the dictionary.

The word twice has two meanings:

1. two times: I've already seen the show twice.

2. double in quantity, rate, etc:

She does twice as much work as her brother.
He's twice her age.

Source: Oxford Dictionary
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