Business Wire (09/12/14)
Volt Information Sciences Inc. reported net revenue of $437 million in the third quarter of fiscal 2014, down 13.3% from $504.2 million in the third quarter of fiscal 2013. The company reported a net loss for the quarter of $2.3 million, compared with a net loss of $3.7 million for the same period last year. Staffing service revenue totaled $397 million, down 12.9% from $455.8 million in the third quarter of fiscal 2013.
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.
Aequor Technologies News Release (08/20/14)
Piscataway, NJ-based Aequor Technologies, an information technology consulting and staff augmentation firm, has acquired Sound Advice’s life sciences staff augmentation practice in Scarsdale, NY.
Wall Street Journal (09/11/14) Nick Timiraos
More than 90% of 48 economists surveyed by the Wall Street Journal say they expect the U.S. economy to improve compared with the first six months of the year. None expect the economy to backslide. The U.S. is doing well thanks to an increase in domestic oil production and the expectation that new industries will grow because of a cheaper energy supply. The economists forecast gross domestic product growth of 3.0% in both the third and fourth quarters. They forecast growth of 2.8% next year. The political situation in Ukraine is the biggest threat to global growth, according to the survey.
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The ASA Certified Search Consultant® certification program is exactly what search and placement professionals need to take their careers to the next level. It focuses on federal employment laws specific to recruiters and on state licensing and registration laws applicable to direct hire firms.
Order the certification package at americanstaffing.net.
The ASA board of directors and staff welcome the following new members, which joined during the week of Sept. 1.
DBI Staffing
New York, NY
Parallon Workforce Solutions
Sunrise, FL
ProHealth Staffing
Seattle, WA
The QTI Group
Madison, WI
ServiceXpress
Georgetown, DE
Talent Resources
Herndon, VA
TeamQuest Staffing Services Inc.
Santa Ana, CA
Tech-Nique Partners
New York, NY
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