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Icon Medialab shares suspended

LONDON - Shares of debt-ridden internet consultancy Icon Medialab have been suspended from the stock exchange in Stockholm until further notice, as the company scrambles to secure extra financing.

Yahoo! bids for HotJobs in drive
for non-ad revenues

NEW YORK - Yahoo! has made a takeover bid for recruitment website Hotjobs.com, as it continues its drive to reduce dependence on advertising and find new sources of revenue.

Survey says more hard times ahead
but sees a recovery in late 2002

LONDON - Zenith Optimedia's latest advertising spend survey predicts another difficult year for the industry, with a recovery emerging later in 2002.

New DoubleClick directory links
advertisers with media

NEW YORK - Online advertising company DoubleClick has launched a directory of media-planning information from 7,000 websites.

StepStone appoints new chairman

LONDON - StepStone, the online recruitment agency, has appointed Jan Stenberg, the former CEO of Scandinavian airline SAS, as its new chairman following the resignation of Whitney Bower.

Overture launches B2B campaign

LONDON - Search engine Overture, which rebranded from GoTo.com last month, is to launch a marketing campaign to highlight the benefits of search marketing services.

StepStone thrown £13m lifeline

LONDON - StepStone, the stricken online recruitment agency, is to be given a 13m rescue package by its existing investors.

Monster.com to partner with AOL Europe

LONDON - Monster.com, the careers website, is to partner with AOL Europe to provide a careers service in the UK, France and Germany.

Sapient appoints UK managing director

LONDON - Sapient, the business and internet consultancy, has named a former PricewaterhouseCoopers director, Colin Windsor, to the new position of managing director.

StepStone searches for new investors

LONDON - StepStone, the troubled online recruitment agency which closed its UK operation on Friday, plans to raise up to 21.7m by selling new shares.

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