ManpowerGroup News Release (04/23/14)
ManpowerGroup reported revenues of $4.9 billion in the first quarter of 2014, up 3.0% in constant currency from $4.77 billion in the first quarter of 2013. Net earnings totaled $70.1 million, up 196.5% in constant currency from $23.9 million in the year-ago period. The company’s U.S. revenue totaled $720.5 million in the 2014 first quarter, up 2.1% in constant currency from $706.1 million in the 2013 first quarter.
Buyers of a business generally expect sellers to be responsible for certain liabilities relating to when the seller owned its business—a concept mergers and acquisitions professionals refer to as indemnification. Indemnification is one of the most heavily negotiated, and potentially most significant, provisions of a purchase agreement, and understanding the terminology common to such agreements is essential when negotiating a deal. Attorney Paul Pincus of Ortoli Rosenstadt LLP explains what sellers are liable for, how a seller’s liability may be limited, and how buyers may seek to fund potential indemnity claims.
Mastech Holdings News Release (04/23/14)
Mastech Holdings Inc. reported $28.7 million in revenues in the first quarter of 2014, up 20% from $24 million in the first quarter of 2013. Net income totaled $869,000, up 60% from $544,000 in the year-ago period.
Wall Street Journal (04/22/14) Jon Hilsenrath
U.S. Federal Reserve officials are on track to reduce their monthly bond buying to $45 billion at their policy meeting next week and stick with a communications approach that leaves investors guessing about when the central bank will start raising short-term interest rates. “While monetary-policy discussions naturally begin with a baseline outlook, the path of the economy is uncertain, and effective policy must respond to significant unexpected twists and turns the economy may take,” Fed chairman Janet Yellen said in a speech at the Economic Club of New York.
Slow productivity growth is contributing to the uncertainty. U.S. output-per-hour worked rose just 0.5% last year and seems to have grown slowly in the first quarter of this year.
If you’re already a member, please sign in to read more.
If you’re already a member, please sign in to read more.
If you’re already a member, please sign in to read more.
Industry professionals from more than 220 companies have registered for the 2014 ASA Staffing Law Conference, May 21–22 in Washington, DC.
They—and you—will learn from experts such as Charlie Cook, editor and publisher of the Cook Political Report; David Michaels, Ph.D., MPH, assistant secretary of labor for occupational safety and health at the U.S. Occupational Safety and Health Administration; Helen Konrad, Esq., immigration law expert; a panel of attorneys who serve as in-house counsel for staffing companies; and more.
It’s the premier program dedicated to the legal issues affecting the staffing and recruiting business. Check out the full agenda and register online at americanstaffing.net. ASA members receive a discount, so join today and save.
If you’re already a member, please sign in to read more.
If you’re already a member, please sign in to read more.
If you’re already a member, please sign in to read more.
If you’re already a member, please sign in to read more.
If you’re already a member, please sign in to read more.
If you’re already a member, please sign in to read more.
If you’re already a member, please sign in to read more.
If you’re already a member, please sign in to read more.
Home