American Staffing Association (07/23/13)
Staffing employment in July is up 2.1% compared with the same month last year, according to the ASA Staffing Index. The index value for the month of June is 94, indicating that staffing employment has experienced little change over the past 30 days (0.2%).
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.
CTG News Release (07/22/13)
CTG has reported net earnings of $4.05 million for the second quarter of 2013, compared with $4.12 million reported for the same period in 2012. Net earnings for the first half of 2013 totaled $8.1 million, up 8.4% from the prior year.
Earnings from operations for the second quarter of 2013 totaled $6.4 million, compared with $6.1 million reported for the fourth quarter of 2012, representing a 4.2% increase.
Earnings from operations for the first half of 2012 totaled $12.5 million, a 7.1% increase from the $11.7 million reported in 2012. Total revenue for the first half of 2013 was $215.6 million.
PR Newswire (07/22/13)
Driver staffing firm TransForce Inc. has acquired the assets of DriveForce Transportation Services and DriveForce Transportation Services of Tulsa, OK. “Future acquisitions are part of our growth strategy,” says David Broome, president and chief executive officer of TransForce.
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For one day only—tomorrow—save up to $150 when you register for Staffing World, the ASA annual convention and expo.
Staffing World, Oct. 8-10 in Orlando, is the industry’s premier event. Register at a special discounted rate and enjoy all the high-caliber content, high-quality networking opportunities, and the largest industry expo anywhere. Plus, get the latest, most strategic information available on the Affordable Care Act and what your firm should be doing right now to stay ahead of impending mandates.
Don’t forget to take advantage of the Staffing World 2013 flash sale tomorrow, July 24.
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