News on Monster Worldwide Inc.

Judge sentences ex-Monster counsel to probation

2010-03-02T15:15:13Z

<div><p>NEW YORK (Reuters) - A U.S. judge sentenced a former general counsel of recruitment services company Monster Worldwide Inc <MWW.N> to one-year probation after he pleaded guilty in 2007 and cooperated with a probe into a fraud over the backdating of millions of dolla...

Pioneer of online job search starts over again

2010-02-26T00:00:24Z

<div id="subtitle">Online job site pioneer seeks to transform industry for second time with nonprofit system</div><div><p>Bill Warren founded an early online job board in the 1990s, helped kick-start an industry and was president of Monster.com, one of the leading Internet career sites. But these days he's not very happy with the results.</p><p>So he's taking another crack at it, going after Monster, Career...

National Unemployment Rate Reaches 10.2 Percent

2009-11-06T13:34:10Z

NEW YORK - NOVEMBER 06: People wait in line to speak with employers at a job fair sponsored by Monster.com that attracted hundreds of people on November 6, 2009 in New York City. In a government report released today it was revealed that the nations unemployment rate has now reached 10.2%, its highest level since 19...

Survey: Online recruitment up slightly in Oct.

2010-02-24T09:29:16Z

<div id="subtitle">Monster Worldwide survey of online recruitment finds mild hiring pickup has begun</div><div><p>Online job recruitment rose modestly, indicating the start of a mild hiring pickup, online job search site Monster Worldwide said Thursday.</p><p>The Monster Employment Index edged up one point in October, to 120 from 119, the...

Vanishing Jobs

2009-10-19T13:17:20Z

FILE - In this March 5, 2009 file photo, job seekers join a line of hundreds of people at a job fair sponsored by Monster.com in New York. Even with an economic revival, many U.S. jobs lost during the recession may be gone forever and a weak employment market could linger for years. (AP Photo/Mark Lennihan, file)

Monster U.S. online jobs index edges lower in July

2010-02-25T23:53:28Z

<div><p>NEW YORK (Reuters) - A monthly gauge of online labor demand in the United States edged lower in July and its decline slowed on a year-over-year basis, suggesting some stabilization in the jobs market, a private research group said on Thursday.</p><p>Monster Worldwide sustains 2Q loss as sales plunge 37 pct in weak market for help-wanted ads</div><div><p>Monster Worldwide Inc. sunk to a second-quarter loss as the online help-wanted service's revenue plunged 37 percent against a backdrop of rising unemployment.</p><p>The Ne...

Monster Worldwide agrees to $2.5 million fine

2010-02-27T09:09:32Z

<div><p>NEW YORK (Reuters) - Job recruiter Monster Worldwide Inc, whose former COO and president was convicted last week for a stock options backdating scheme, agreed to pay a $2.5 million fine to the U.S. Securities and Exc...

Monster settles SEC backdating charges for $2.5M

2010-02-27T09:08:32Z

<div id="subtitle">Monster Worldwide settles SEC options backdating charges for $2.5M</div><div><p>Monster Worldwide Inc., which runs the Monster job search Web site, has agreed to pay $2.5 million to settle federal civil charges that it secretly backdated options for its executives and employees.</p><p>The Monster Worldwide CEO's compensation declined 37 percent in 2008</div><div><p>Sal Iannuzzi, the chief executive of Monster Worldwide Inc., received compensation in 2008 valued at $8.2 million — a 37 percent decline from the year before — according to an Monster Worldwide founder and philanthropist Andrew McKelvey dies at 74</div><div><p>Andrew McKelvey, the billionaire founder and former chief executive of Monster Worldwide Inc., died early Thanksgiving morning in New York after a long ba...

Economy

2009-04-24T07:23:18Z

A job seekers wait to sign up at a job fair sponsored by Monster.com at a hotel in Newark, N.J., Thursday, Oct. 30, 2008. The nation's unemployment rate bolted to a 14-year high of 6.5 percent in October as another 240,000 jobs were cut, far worse than economists expected and stark proof the economy is deteriorating at an alarmingly rapid pace. (AP Ph...