On Assignment Inc. News Release (04/26/12)

On Assignment Inc. reported revenues for the first quarter of 2012 were $167.1 million, up 29% year-over-year and up 3% from the preceding quarter. Net income was $5.4 million. Excluding acquisition-related expenses (net of tax), net income was $6.8 million, compared with $3.5 million in the first quarter of 2011.

The information technology and engineering segment revenues were $78.8 million, up 31.0% from the first quarter of 2011 and 10.6% from the fourth quarter of 2011. Life sciences segment revenues were $41.4 million, up 25.5% from the first quarter of 2011 and 1.1% from the fourth quarter of 2011. Health care segment revenues were $22.9 million, up 15.3% from the first quarter of 2011 and down 11.8% from the fourth quarter of 2011. Physician segment revenues were $24.1 million, up 45.8% from the first quarter of 2011 and up 1.6% from the fourth quarter of 2011.

Doherty Staffing Solutions News Release (04/26/2012)

Doherty Staffing Solutions, based in Edina, MN, has acquired Staffing Specialists Inc., dba Job Jockeys, a Marshall, MN-based staffing and recruiting firm that specializes in clerical and light industrial staffing. This is Doherty’s second acquisition since its 2010 purchase of Top Temporary, now Top Talent Solutions.

Hudson Global Inc. News Release (04/27/2012)

Hudson Highland Group Inc. on April 26 received stockholders’ approval at its annual meeting to change its corporate name to Hudson Global Inc. The company’s shares will begin trading under its new symbol “HSON” when markets open on April 30.

Bloomberg BusinessWeek (04/27/12) Alex Kowalski

Compensation costs for civilian workers increased a seasonally adjusted 0.4% in the first quarter over the previous quarter, the U.S. Department of Labor said Friday. Economists projected a 0.5% gain, according to the median estimate in a Bloomberg News survey. Wages and salaries, which make up about 70% of compensation costs, increased 0.5%, and benefits also rose 0.5%. Year-over-year, compensation costs were up 1.9% vs. the 2% gain in the year to March 2011, with wages and salaries up 1.7% and benefits up 2.7%.

MarketWatch (04/27/12) Greg Robb

The U.S. economy grew more slowly in the first three months of this year, as stronger consumer spending was offset by cutbacks in government spending and business investment. The U.S. Commerce Department reported today that the economy expanded at an annual rate of 2.2% in the January-March quarter, compared with a 3.0% gain in the final quarter of 2011. Economists polled by MarketWatch had expected a stronger 2.7% growth rate.