CTG Reports 2014 Second-Quarter Results
CTG News Release (07/22/14)
CTG reported revenue of $100.3 million for the second quarter of 2014, down 6.0% from $107.1 million in the second quarter of 2013. Net income totaled $3.2 million, down 20.0% from net income of $4.1 million in the year-ago period. Staffing revenue was $60.0 million, down 7.0% from $64.8 million in the 2013 second quarter.
Federal Appeals Court Panel Deals Major Blow to Health Law
Washington Post (07/22/14) Sandhya Somashekhar
Tax subsidies that are a central component of the Affordable Care Act may not be offered in at least 50% of the states, a DC Circuit Court of Appeals panel has ruled. The panel concurred with plaintiffs who argued that the language of the law prevents the government from granting subsidies to people in states that have not established their own insurance exchanges. If the ruling is upheld it likely would undermine the law. Without the subsidies many people would have to pay substantially more out-of-pocket for health coverage.
Consumer Prices Rose 0.3% in June
Wall Street Journal (07/22/14) Ben Leubsdorf; Sarah Portlock
Consumer prices rose again in June, but the pace slowed and prices were driven largely by increasing fuel costs, the latest proof of firming inflationary pressures. The consumer price index increased a seasonally adjusted 0.3% in June from May, according to the U.S. Department of Labor. Excluding the volatile food and energy categories, the index increased 0.1%. Economists polled by the Wall Street Journal had forecast a 0.3% gain for the index and a 0.2% rise excluding food and energy.
ASA for You
Staffing World 2014, the largest, most comprehensive convention and expo in the staffing, recruiting, and workforce solutions industry, takes place Oct. 13–15 at the Gaylord National Resort and Convention Center in metro Washington, DC.
Headlining the convention are three world-class keynote speakers:
- Bill Strickland, president and chief executive officer of Manchester Bidwell Corp.; presenting “Make the Impossible Possible—The Art of Leadership and the Business of Social Change”
- Geoff Smart, founder and chairman of ghSMART; presenting “Running at Full Power—Maximize Your Company’s Success”
- Robert B. Tucker, founder and president of the Innovation Resource; presenting “Thinking Ahead of the Curve”