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Stock Market & Financial Investment News

News Breaks
November 8, 2012
07:32 EDTMWWMonster Worldwide announces restructuring actions
The company will implement a corporate restructuring to focus on its core business and reduce its cost structure in order to improve profitability and cash flow. The restructuring actions announced today include: Pursuing a sale of ChinaHR and classifying the asset as held for sale in third quarter financial results. As a result, ChinaHR is excluded from third quarter continuing operations and prior results have been restated to reflect this change. The Company reported a non-cash asset impairment charge and deferred tax asset write-off of $225M related to ChinaHR in the GAAP operating results. Evaluating all options for developing markets and substantially curtailing the losses incurred in those markets. Continuing and accelerating the redeployment of expenses into marketing and sales in Monster’s core markets, while reducing the run rate of operating expenses. This series of actions described above is expected to reduce Monster Worldwide’s operating expense by approximately $130M on an annualized basis. Cumulative pre-tax charges within the range of $50M-$60M will be recorded, of which the majority will be cash and recorded in the fourth quarter 2012. The Company anticipates the majority of these actions will occur by year end.
News For MWW From The Last 14 Days
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February 26, 2015
10:00 EDTMWWOn The Fly: Analyst Initiation Summary
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06:05 EDTMWWMonster Worldwide initiated with a Buy at B. Riley
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February 19, 2015
09:59 EDTMWWOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Altisource Residential (RESI) upgraded to Neutral from Sell at Compass Point... Angie's List (ANGI) upgraded to Overweight from Equal-Weight at First Analysis... Barrick Gold (ABX) upgraded to Buy from Hold at TD Securities... British Land (BTLCY) upgraded to Buy from Hold at Societe Generale... Coach (COH) upgraded to Buy from Hold at Topeka... Fiat Chrysler (FCAU) upgraded to Outperform from Neutral at Exane BNP Paribas... Garmin (GRMN) upgraded at BofA/Merrill... Hologic (HOLX) upgraded to Buy from Hold at Canaccord... Iberdrola (IBDRY) upgraded to Neutral from Underweight at HSBC... KPN (KKPNY) upgraded to Neutral from Underperform at Exane BNP Paribas... Monster Worldwide (MWW) upgraded at Evercore ISI... Pharmacyclics (PCYC) upgraded to Buy from Neutral at Nomura... RPC, Inc. (RES) upgraded to Equal Weight from Underweight at Morgan Stanley... Sanofi (SNY) upgraded to Buy from Neutral at BofA/Merrill... Sasol (SSL) upgraded to Neutral from Underweight at HSBC... Tractor Supply (TSCO) upgraded at Oppenheimer... Valero (VLO) upgraded to Buy from Hold at Deutsche Bank... Weingarten Realty (WRI) upgraded to Neutral from Sell at UBS... Werner (WERN) upgraded on improving freight fundamentals at RBC Capital... diaDexus (DDXS) upgraded to Buy from Neutral at Ladenburg,
07:42 EDTMWWMonster Worldwide upgraded at Evercore ISI
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06:20 EDTMWWMonster Worldwide upgraded to Buy from Hold at Evercore ISI
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