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 ...

Earlier today, Monster Worldwide Inc. (MWW) came out with its monthly employment index – The Monster Employment Index. This index observes online job demand on a monthly basis, and it dipped slightly in September after an expected significant rise in August due to recruitment activity in late summer. Monster Worldwide is an online recruitment firm and the parent company of Monster.com, the leading career website in the world. The company, headquartered in New York, is also the largest advertising agency network for worldwide recruitment. The index observed that online labor demand in the mining, quarrying and oil/gas extraction industries rose for the third consecutive time in September due to recent hikes in energy and commodity prices, which might have accelerated hiring in the sector. The construction sector was stable, which indicates that the housing market might have reached a bottom. Online demand for blue-collar occupations ...

Dr Stock Pick HOT News & Alerts!

_______________________________________

FREE Daily Stock Alerts From DrStockPick.com

_______________________________________

Wednesday September 30, 2009

DrStockPick.com Stock Report!

**************************************************************

Eligible Medicare beneficiaries in Virginia now can obtain coverage for certain expenses not covered by original Medicare under a set of individual Medicare Supplement plans offered by Aetna (NYSE: AET).

One World Ventures, Inc. (PINKSHEETS: OWVI) announced today that it has negotiated an agreement with NuPay System (U.S.) Inc. to recruit NuPay Processor, Settlement Bank & POS Terminal Maintenance Company of China Union Pay (CUP) Cards in Southern California. China Union Pay (CUP) is the issuer of the

...

According to the latest news from Monster Worldwide Inc. (MWW), online job postings surged in August and registered the highest monthly gain in four years following slow hiring activity in summer. However, it was down 24% year over year. Monster World Wide is an online recruitment firm and the parent company of Monster.com, the leading career website in the world. The company, headquartered in New York, is also the largest advertising agency network for worldwide recruitment. Management stated that this surge in job postings indicates signs of improvement in the US economy, with the demand for managers and professionals as well as sales and office workers picking up. Online labor demand in the arts, entertainment and recreation industry rebounded from a historic low in July. Demand for staff in sales and commerce related industries also registered an increase in both retail trade and wholesale trade....

Omnicom Group, Inc. (OMC) reported financial results for the first quarter of 2009 ending March 31, 2009. The company posted quarterly earnings of $0.53 per diluted share, down 17.2% from $0.64 recorded in the corresponding year-earlier period. Earnings were $0.03 above expectations, and the stock is up 4% on the news.Worldwide revenue decreased 14.0% from the prior year to $2.75 billion from $3.12 billion in the comparable prior-year quarter. Organic revenues declined 6.6%, acquisitions added 0.4% growth, and a negative currency impact of 7.8%.The strong dollar was a significant headwind during the quarter, and if the dollar remains stable for the rest of the year, the year-over-year change will negatively impact revenues by 8.5% in the second quarter, 7.5% in the third quarter, and only 1% in the fourth quarter.Domestic revenue decreased 7.8% to $1.53 billion while international revenue decreased 20.9% to ...