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Monster Worldwide Picks Advisers For Strategic Review

DOW JONES NEWSWIRES Monster Worldwide Inc. (MWW) on Monday confirmed it has retained financial advisers to review its strategic alternatives, raising the possibility of a potential sale of the company. Shares jumped 8.6% to $8.17 after hours as the job-search website said it hired Stone Key Partners LLC and Bank of America Corp.'s (BAC) Merrill Lynch to advise its review. The move came after Chief Executive Sal Iannuzzi on Thursday raised the possibility of such a move at an analyst conference in Boston, mentioning the company's pursuit of "strategic alternatives to increasing shareholder value." Monster Worldwide suffered a slowdown in new business last year, which it has blamed on U.S. and European economic uncertainty disrupting businesses' ability to make hiring plans. In January, the company provided a disappointing first-quarter outlook and said it planned to cut 7% of its full-time staff and consolidate facilities. Analysts have questioned the company's success in competing with Gannett Co.'s (GCI) CareerBuilder and whether newer services such as LinkedIn Corp.'s (LNKD) professional-networking site are making Monster's business less relevant. -By Drew FitzGerald, Dow Jones Newswires; 212-416-2909; Andrew.FitzGerald@dowjones.com

Stock News for Monster Worldwide (MWW)
DateTimeHeadline
11/15/201307:11:09AQR Capital Management 3Q 13F: Largest Purchases -2-
11/15/201307:11:09AQR Capital Management 3Q 13F: Largest Purchases
12/07/201208:20:41Monster Worldwide U.S. Job Index Up 7% In November
08/02/201209:37:38U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
05/11/201214:07:24LinkedIn, Others Consider Deal For Monster Worldwide -Reuters
05/04/201208:11:09Monster Worldwide US Employment Index Edges Up 1% In April
03/05/201217:43:35Monster Worldwide Picks Advisers For Strategic Review
07/08/201108:29:33Monster Employment Index Up 3.5% In June; Highest Since October...
04/28/201116:53:38Monster Reports 1Q Profit But Offers Weak 2Q Guidance
11/24/201017:13:25MARKET SNAPSHOT: U.S. Stock Market Cheers Jobs Data
11/24/201016:03:40MARKET SNAPSHOT: U.S. Stock Market Cheers Economic Data
10/29/201017:14:26MARKET SNAPSHOT: U.S. Stocks End A Strong October Nearly Flat
10/29/201013:58:18MARKET SNAPSHOT: U.S. Stocks Hug Flatline Ahead Of Fed, Elections
10/29/201011:22:48MARKET SNAPSHOT: U.S. Stocks Cautious As Fed, Elections Loom
04/30/201017:17:22TECH STOCKS: Tech Stocks Slip As McAfee Shares Fall
04/29/201017:00:09Monster Worldwide 1Q Loss Widens On Lower Revenue; Sales View...
04/09/201019:31:09Monster's HotJobs Deal Under Regulatory Scrutiny
03/05/201017:54:22MARKET SNAPSHOT: U.S. Stocks Surge As Jobs Data Lifts Sentiment
03/05/201015:51:48MARKET SNAPSHOT: U.S. Stocks Near Day Highs, With Jobs Adding...
03/05/201013:51:22MARKET SNAPSHOT: U.S. Stocks Post Broad Rise; Energy, Jobs In...

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