Correction: Monster Worldwide's second-quarter revenue was $237 million and its third-quarter bookings guidance was down 10% to flat.
NEW YORK (
hit new 52-week lows on Thursday.
Twenty-one fund managers from
dumped 1.9 million Facebook shares in June, with 16 of them selling over a quarter of their holdings, according to a
The Wall Street Journal
. Facebook shares fell 3.69% to $20.16 on Thursday.
Zynga, which generates a significant portion of its revenue through Facebook, reached a record low of $2.73 on Thursday, down 2.84%. Law firms
Pomerantz Haudek Grossman & Gross LLP
Izard Nobel LLP
filed class action lawsuits against Zynga for
the federal securities laws, on Thursday.
were down 15.69% to $6.00 on Thursday after forecasting a weak third quarter. Despite the 14% year-over-year increase in North America bookings, the employment solutions company generated earnings of 6 cents per share on revenue of $237 million, in the second quarter ended June 30, 2012.
Citing "continued global economic weakness, particularly in Europe," Monster Worldwide expects third-quarter bookings to drop by 10% to flat from last year, driving revenue down 6% to 12% from third quarter 2011. Third-quarter earnings are expected to be in the range of $0.02 to $0.07 per share. Analysts polled by
expect 9 cents of earnings on revenue of $244.74 million.
was a rare bright spot amongst tech stocks on Thursday, up 0.74% to $17.79. Yesterday, the software giant announced the appointment of Ramón Baez as Global Chief Information Officer. Baez was previously Chief Information Officer at
HP also settled the ongoing litigation with
regarding the Intel Itanium platform on Wednesday.
"Today's proposed ruling is a tremendous win for HP and its customers," said HP in a statement. "The Superior Court of the State of California, Santa Clara County, has confirmed the existence of a contract between HP and Oracle that requires Oracle to port its software products to HP's Itanium-based servers. We expect Oracle to comply with its contractual obligation as ordered by the Court."
--Written by Nathalie Pierrepont in New York.
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