Reuters (07/16/12) Jason Lange
U.S. companies are curbing plans to hire new employees, and an increasing number of companies feel the European debt crisis is negatively affecting their sales, according to a survey by the National Association for Business Economics. Just 23% of the companies surveyed intend to hire additional staff in the next six months. NABE’s prior survey, conducted in March and April, indicated that 39% of companies planned to hire new employees.
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.
Reuters (07/13/12) Anna Louie Sussman
The Economic Cycle Research Institute’s Weekly Leading Index, a measure of future economic growth, rose to 123.2 in the week ended July 6, the highest level since May 11. The index’s annualized growth rate rose to -2.2% from a revised -2.8% a week earlier.
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The benefits of ASA membership cover so many aspects of your business that the association has created a microsite called Membership Matters to give you a quick and comprehensive look at all the resources that could be at your fingertips right now.
Among the top benefits of joining ASA today is getting the member registration rate for Staffing World, Oct. 9–11, in Las Vegas. Join ASA today and register for Staffing World—the can’t-miss event for staffing executives—and save up to $150 per person.
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