Monster Worldwide, Inc. (MWW) yesterday reported revenues of $215 million in the third quarter of 2009, down 35% year over year and down 3.7% sequentially. The company operates in three business segments: Careers North America, Careers International and Advertising & Communications. The revenue continues to be impacted by lower global demand for recruiting advertising services. Approximately 42% of revenues were generated from international operations and total revenue was negatively impacted by $7.4 million from unfavorable foreign exchange rates. Careers North America generated revenue of $95 million, down 39% year over year. Careers International revenue came in at $85 million, down 40% year over year. Internet Advertising & Fees generated revenue of $35 million, essentially flat over the $35 million reported in last year’s third quarter. Management stated that revenue and new business activity might have hit a bottom, but revenue continues to be challenged by ...

Adobe Systems (ADBE) yesterday announced the termination of the legal waiting period mandatory under the amended Hart-Scott-Rodino Antitrust Improvements Act of 1976. The expiry of the waiting period was announced by the FTC in one of its customary listings of approved deals.   The approval is with respect to Adobe’s proposed acquisition of Omniture Inc. (OMTR) announced on Sept 15. On Sept 24, Adobe formally offered to buy Omniture through its wholly owned subsidiary, Snowbird Acquisition Corp. for $1.8 billion in cash.   Adobe’s financial advisor is Goldman Sachs Group (GS) while Omniture’s is Morgan Stanley (MS).   The grant of regulatory approval means that the two companies may now go ahead with the procedures necessary to close the deal. Omniture shareholders have until Oct 22 to approve the takeover, unless Adobe decides to extend the period.   Post acquisition, Omniture will operate as ...

SINA Corporation (SINA) said that it has dropped plans for acquiring Focus Media Holding Limited (FMCN) due to the delay in approval from China's Ministry of Commerce regarding antitrust issues. The companies have decided not to extend the deadline of the agreement. In order to provide more effective and integrated marketing solutions, SINA entered into a definitive agreement with Focus Media Holding Ltd. in 2008 to acquire substantially all of the assets of Focus Media's digital out-of-home advertising networks, including LCD display network, poster frame network and in-store network.   SINA had said that the $1.4 billion transaction was undergoing antitrust review by the Department of Commerce in China. The companies said that the delay in receiving the approval from the antitrust authorities negatively impacted its business operations. Thus, after due consideration the decision to terminate the contract was taken jointly by both the companies. The ...

DrStockPick.com Stock Report!

Thursday August 27, 2009

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Oriental Financial Group Inc. (NYSE: OFG) today announced that its Board of Directors declared a regular quarterly cash dividend of $0.04 per common share for the third quarter ending September 30, 2009, payable on October 15, 2009, to holders of record on September 30, 2009, with an ex-dividend date of September 28, 2009.

Xerox Corporation (NYSE: XRX) has been positioned by Gartner, Inc., in the Leaders Quadrant of the 2009 Magic Quadrant for Managed Print Services (MPS) Worldwide

Auxilium Pharmaceuticals, Inc. (NASDAQ: AUXL) today announced that executive management will participate in the Thomas Weisel Partners Healthcare Conference to be held September 9 - 11,

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Google’s stock fell decidedly below the psychologically significant mark of $300 per share today. The stock has fallen 60% overall from its high near $720 and sits near its 2004-2005 prices. Despite this, Google remains a global leader in search, internet advertising, and has its finger on the pulse of innovative web services. The bull cases for Google, which I’ve written about several times (Google’s earnings power and Google’s search share), remain intact in the long.  Does that mean the shares necessarily imply a great risk-reward tradeoff now? 

For perspective, let’s take a look at Google’s performance and its stock performance over a similar period. 

Special thanks to GridStone Research for the graph and data

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The Small Business Company (OTCBB: SBCO), announced that it has signed a contract with Greenwood & Hall to help support the launching of an Internet campaign. The company is putting into motion an aggressive marketing strategy. The target marketing will consist of Internet, TV and print advertising. Greenwood & Hall services will help in the digestion of traffic analysis, Internet advertising and data base integration etc.

“As The Small Business Company builds its brand and launches its products and services, working with an industry leader like Greenwood & Hall is a natural fit for our outreach and growth,” stated David Larson, the company’s president.

The Small Business Company was formed in 2002. The company provides personalized assistance to entrepreneurs by licensed coaches. The Small Business Company provides assistance to small and home-based businesses, showing them how to improve, problem solve and create a solid foundation.

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