American CyberSystems Inc. News Release (09/17/12)
Atlanta-based American CyberSystems Inc. reports that one of its wholly owned subsidiaries has acquired substantially all of the assets of the staffing business of Comforce. The acquisition of Comforce—with $175 million in annualized revenue—significantly expands the company’s capabilities in the areas of contingent information technology, engineering, health care, and government staffing.
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.
Dow Jones Newswires (09/17/12) Kathleen Madigan
The Federal Reserve Bank of New York’s Empire State Manufacturing Survey released Sept. 17 unexpectedly fell further into contraction this month. The Empire State’s business conditions index fell to -10.41 in September. The index has been deteriorating since May. Economists surveyed by Dow Jones Newswires had expected the index to come in at 0. The New York Fed survey is the first of several regional Fed factory reports, and Monday’s very weak report suggests the U.S. manufacturing sector isn’t contributing to overall economic growth this quarter.
Don’t miss today’s free ASAPro Webinar: “Get More Business—Overcome the Fear of ‘No’.” This afternoon, 3–4 p.m. Eastern time, best-selling authors Andrea Waltz and Richard Fenton share their “Go for No” philosophy, offer tips on how to increase business and reduce stress, and discuss the benefits of persistence. This Webinar is free for ASA members and qualifies for 1.0 continuing education hour toward ASA certification renewal.
If you prefer interactive learning strategies, the new ASA Certification Prep & Practice Tool Kit is just what you need. Staffing professionals who are preparing for the ASA Certified Staffing Professional™ or Technical Services Certified™ exam now have access to this engaging, multimedia learning resource—designed to complement the materials that are included in the current certification exam package.
The ASA Certification Prep & Practice Tool Kit features four modules with corresponding recordings and instructional slides that cover the main areas of the certification exams. Learn more about the new tool kit and listen to sample recordings at americanstaffing.net, where you can also purchase this interactive resource for individual or group study.
Being an ASA member means you get a deep discount on the tool kit as well as many other valuable professional development materials. Join ASA today and starting reaping your membership benefits, including FREE ASAPro Webinars.
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