BUSINESS
May 12, 2012
Monster Worldwide Inc. of Maynard and New York soared after Reuters reported that LinkedIn Corp. and private equity firm Silver Lake Partners are among a number of parties that have expressed interest in a potential deal for the Internet jobs search company. Monster said in March it was reviewing strategic alternatives, including selling all or part of the company. Monster's 2012 share of online recruitment is estimated at 23 percent, below CareerBuilder.com's 32 percent but ahead of LinkedIn's 16 percent.
BUSINESS
May 11, 2012 | The Associated Press
Monster Worldwide Inc.'s shares soared in trading Friday on a report that LinkedIn Corp. and private equity firm Silver Lake Partners are among several parties considering making a bid for the online-job-search company. THE SPARK: Reuters, citing people familiar with the matter who were not identified, reported Friday that LinkedIn, Silver Lake and others have expressed interest in Monster. Monster, LinkedIn and Silver Lake representatives were not immediately available to comment on the report.
NEWS
May 5, 2012
First-quarter profit at LinkedIn, the professional-networking website that went public in 2011, beat analysts' estimates amid a jump in membership. It is pushing mobile technology to woo more people to its subscription services and attract advertisers. Net income rose to $5 million, or 4 cents a share, from $2.08 million, or zero cents, a year earlier. It also agreed to buy SlideShare Inc. for $118 million.
BUSINESS
May 3, 2012
LinkedIn Corp. said Thursday that its first-quarter profit more than doubled, and the business networking company is buying presentation sharing website SlideShare for $118.8 million. Shares jumped $9.29, or more than 8 percent, to $118.70 in extended trading. If that rally extends into Friday's regular trading session, LinkedIn's stock price will be close to its peak of $122.70 reached during the shares' market debut nearly a year ago. The stock has remained well above its initial public offering price of $45 since then.
BUSINESS
May 1, 2012 | Michael Liedtke, AP Technology Writer
LinkedIn Corp.'s first-quarter earnings report will show whether the online professional networking service has been able to sustain the rapid growth that has wooed investors since the company's stock market debut nearly a year ago. WHAT TO WATCH FOR: The results, due out after the stock market closes Thursday, will be the latest litmus test for LinkedIn's shares, which closed Monday at $108.45 — about 172 times its projected earnings and...
NEWS
May 1, 2012 | By Joanna Weiss
Back on my first newspaper reporting job, covering a small local government in the mid-1990s, I was given my first symbol of work responsibility: a beeper. Theoretically, it would go off in the event of some critical breaking news. In reality, it usually beeped around dinnertime, when a copy editor had a minor question about a story. Nonetheless, attaching it to my belt made me feel important. I needed to be reached. Now, I am reachable via an array of much smarter electronic devices, and my perceived-importance-to-actual-importance ratio...