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Job offer is fake, Monster says

By Times Wires
Published August 23, 2007

New York

Job hunters using Monster.com, the employment Web site owned by Monster Worldwide Inc., received a fake job offer by e-mail that asks for their Bank of America account information. The e-mail contains personal information collected when hackers tricked Monster.com customers into downloading a virus in a fake job-seeking tool, according to researchers at Symantec Corp., the world's biggest maker of security software. Victims of the scam are offered a position as "transfer manager" at an unnamed investment company, Symantec said. Monster Worldwide, based in New York, said Wednesday it shut down a "rogue" server that was retrieving job seekers' information through unauthorized access of customers' accounts and placed a security alert on the Monster.com Web site, according to a company statement.

Banks borrow $500M from Fed

Four major banks said Wednesday they each borrowed $500-million from the Federal Reserve's discount window, lending weight to its efforts to restore liquidity to tight markets. Citigroup Inc., JPMorgan Chase & Co., Bank of America Corp. and Wachovia Corp. each stressed they themselves have "substantial liquidity" and the ability to borrow money elsewhere.

Jeb Bush joins board at Lehman

Former Gov. Jeb Bush, already a handsomely compensated member of the Tenet Healthcare board, has been given another high-level seat at the table. A spokesman for Lehman Brothers, the worldwide financial services company, confirms Bush is the newest member of the firm's Private Equity Advisory Board. Further details were not immediately available from the company Wednesday.

LAS VEGAS

Dubai makes big bet on the strip

A holding company for the Persian Gulf state of Dubai has laid down a big marker on the Las Vegas Strip - a $5-billion investment that gives it a chunk of MGM Mirage and 50 percent of a massive entertainment complex the casino operator is building. Dubai World will pay $2.7-billion for half of the 76-acre CityCenter complex under construction in the heart of the strip, and buy up to $2.4-billion in MGM Mirage Inc. stock, the company said Wednesday. The investment removes a significant debt load from the $7.4-billion CityCenter.

Clearwater

Aerosonic buys Oregon company

Aerosonic Corp. has expanded its product line with the acquisition of a cockpit display company from Oregon. The Clearwater company said it bought Op Technologies Inc. of Beaverton, Ore., for an undisclosed amount. Ten employees from Op's production line will join the Clearwater facility, which has 163 workers. No additional hiring is expected at this time.

Canton, Mass.

New owners fire 160 at Tweeter

The new owners of troubled Tweeter Newco LLC, which operates the Sound Advice chain in Florida, jettisoned half the 160 employees at its Canton, Mass., headquarters. Joe McGuire, president and chief executive for the past 12 years, submitted his resignation from the consumer electronics chain as well. Schultze Asset Management LLC, a Purchase, N.Y., investment firm, paid $38-million to buy and lift the renamed company out of a Chapter 11 bankruptcy in July.

[Last modified August 23, 2007, 00:41:07]