Many jobs on Web, but not all of them
Article Abstract:
On-line recruiting can help Internet-enabled job seekers search numerous available positions and swiftly apply or post their credentials. Applicants seeking to relocate can accelerate their search by scanning more than 20 major metropolitan newspapers' employment classified sections. Interview preparation can be enhanced by studying a potential employer's annual report or recent press releases. The latest statistics revealed 1 million resumes online, 1.2 million jobs offered, 3,500 employment Web sites and 5,800 recruiting companies online in 1996, according to Internet Business Network's 1997 Electronic Recruiting Index. By comparison, the company's 1998 index says approximately 20,000 career sites will have become available by summer 1998. Employers say the expanded on-line job listings has not replaced the more traditional job-search methods of referrals, classified ads, job fairs, networking and private recruiters.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1998
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At on-line auctions, good, and raw, deals
Article Abstract:
Rapidly growing World Wide Web auctions also have become the leading Internet scam, according to the Internet Fraud Watch unit of the consumer advocacy group National Consumers League. Auctions accounted for nearly 30% of 1,152 Internet-related fraud complaints filed with the group in 1997. Participants should act cautiously to protect themselves from numerous types of scams. Shills who make bids in an apparent move to drive up the price are much more difficult to detect on the Web than in a face-to-face auction. Inability to view the goods up for auction can pose another problem, as viewers could not distinguish a handmade Persian rug from a machine-made product from Taiwan. Sales from Web auctions reached $500 million in 1997, according to industry reports. By comparison, the electronic commerce industry expects 1998 sales to reach $1 billion.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1998
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A poker-faced shareholder is behind the showdown over Lycos
Article Abstract:
The chairman and CEO of CMGI Inc., David S. Wetherell, opposes the merger Barry Diller's USA Networks Inc. with Lycos Inc., a Web portal company he founded in the mid-90's. When other investors questioned the proposed stock swap as favoring Mr. Diller, Lycos' share value dropped by one-third from $6.6 billion to $4.42 billion. With the decline in CMGI's 18.5% investment from $1.2 billion to just over $800 million, Mr. Wetherell asked that the deal be renegotiated, then hired Morgan Stanley Dean Witter to search for other buyers. Wetherell, who went from a venture capitalist helping fund a start-up to overseeing an intitial stock offering then to a merger proposal, may be involved in a hostile takeover of the company he created.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1999
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