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Today's
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interbiznet presents the Bugler
| March 22, 2000 |
From the Vault
Wither under John Sumser's sphinx-like gaze as he ponders the ancient riddle of visionaries, entrepreneurs, Esperanto, and the Rosetta Stone. Ancient history? You decide.
New Combinations
International IT staffing and consulting firm Ajilon Services has acquired IMI Systems, Inc., the IT division of the Olsten Corporation.
Webhire's Employment Services Network is a new online marketplace of third-party recruiting, staffing and retention services and features a broad range of online services designed to facilitate all of the critical phases of the recruiting and retention process. Partners include SalarySource.com, Guru.com, SkillsVillage.com, PENgroup.com, the JacksonLewis law firm, CareerCentral.com, JobDescriptions.com, CreativeGood, Brainbench, Perseus, and Trainingnet.com. Editor's note: Repeated attempts to load the PENgroup site were unsuccessful.
Monster.com now has co-branded job-search pages on ICQ, part of the America Online family of brands, giving job seekers access to Monster.com's content and services.
Advanced Personnel Systems has established an alliance with Intervention, Etude & Negociation to market and sell its Internet-based staffing management system SmartSearch Online in France, Belgium, and Switzerland.
HireAbility.com has formed a business alliance with Kenda Systems, Inc., a provider of global IT recruitment solutions. Hireability boasts an average of 3,000 contract jobs and more than 1,000 corporate clients enlisting each month, providing specialized services for more than 25,000 IT job seekers browsing the site. Editor's note: Repeated attempts to load the Kenda Systems site were unsuccessful.
Nework Corp. has signed a letter of intent with The Solution Group to purchase Nework's online recruiting and talent management system. The Solution Group provides human resource, consulting, and executive search services to the Korean market.
InfoGIST has adapted its product, Resume infoFinder Gold, to work in conjunction with iSearch's Applicant Sourcing and Tracking System to expand iSearch's online search capabilities.
BTM Market Report
The Federal Reserve raised the Fed funds rate 25 BPS to 6 percent and the discount rate 25 BPS to 5.5 percent after the FOMC meeting today. They warned of more hikes to come. The Fed fears inflation will undermine the economy, as the strong equity markets contribute to large increases in consumer spending, eventually leading to demand increasing faster than supply. Ironically, the stock market shrugged off the rate hikes and ended up being stronger on the day. Euro/USD came off and USD/Yen rose before the announcement and remained relatively unchanged afterwards. A strong dollar is expected to continue. The market report as of 3:30 pm EST, March 21.
Motion Denied
Judge R. Terrence Ney of the Circuit Court for Fairfax County, Virginia, denied a motion filed by Digital City, Inc. for a stay of the Preliminary Injunction enforcing the agreement between HotJobs.com, Ltd., and DCI, a subsidiary of America Online, Inc. As a result, HotJobs.com's job listings will appear on AOL, CompuServe, Netscape, MCI WorldCom, AOL.com and Digitalcity.com.
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