Reuters first on Monster warning on jobs market; stock slides

Reuters was 15 minutes ahead of Bloomberg on July 31 with headlines from an interview with Monster Worldwide’s CEO Sal Iannuzzi, who told us a U.S. jobs market slowdown was spreading globally, endangering the company’s sales prospects. Since international sales were a bright spot in the company’s results for the last several quarters, the change was pivotal for a company that does not otherwise provide sales or profit guidance. Questions about international markets led the Q&A portion of the company’s analyst conference call an hour after our headlines, and the change in outlook was cited in analyst downgrades the next day, when Monster stock opened with a 6 percent decline on Nasdaq. Dow Jones was unseen on this key aspect of the company’s results.