BranchOut Social Jobs Site Grabs a Yahoo Exec

BranchOut, the professional social network built on top of Facebook, has hired Chris Merritt from his post as Yahoo’s VP of global advertiser partnerships.

HotJobs Sold to Monster in Yahoo Garage Sale

Apparently, Yahoo’s efforts to sell off some of its noncore properties are going quite a bit better than previously thought. Moments ago, the company said it will sell Yahoo HotJobs to Monster Worldwide, proprietor of rival online career site Monster.com. Price: $225 million in cash.
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Monster Devours Hotjobs

Monster: Backdating BAD

Monster has finally put its backdating case to rest. Nary a week after former COO James Treacy was convicted of conspiracy and securities fraud, the online employment search company agreed to pay a $2.5 million fine to the U.S. Securities and Exchange Commission to settle charges that it improperly backdated millions of dollars in stock options.
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Monster Shares Have Monster Move as Blair Upgrades

Monster Worldwide shares are up sharply this morning after William Blair analyst Thomas McHugh upped his rating on the stock to Outperform from Market Perform. McHugh concedes that “demand for online recruiting companies remains weak,” but says that in the U.S., “the pace of weakness…does not appear to be accelerating as quickly as it was late last year.”

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Monster Settles Class Action

Quite an eventful afternoon for Monster Worldwide (MNST). For starters, the company announced that it has reached a tentative settlement of a securities class action connected with the company’s previous stock option-granting practices.