Business Wire (08/13/13)
Corporate Resource Services has announced revenues of $199.2 million for the second quarter, up 29.3% over the second quarter of 2012. Net income reached $2 million, up $4.3 million from -$2.3 million in the second quarter of 2012.
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.
Bloomberg Businessweek (08/13/13) Lorraine Woellert
Inventories at U.S. companies largely held steady in June as sales improved, signaling manufacturers will be growing orders. Stockpiles held at about $1.66 billion after declining 0.1% in May, according to the U.S. Department of Commerce. A Bloomberg survey had forecast a 0.2% increase. Sales increased 0.2% in June.
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The ASA Certified Staffing Professional® and Technical Services CertifiedSM programs now include critical content related to the Affordable Care Act. The ACA imposes major new legal obligations on employers, including additional excise taxes, which will increase the cost of supplying temporary and contract workers. Under the ACA employer mandate that takes effect Jan. 1, 2015, and using a one-year “look back” period, staffing firms must start tracking full-time and “variable hour” employees starting Jan. 1, 2014.
Questions about this and other important aspects of the ACA will be included in the CSP® and TSCSM exams starting in September. The ASA certification study materials, which are provided when you order a certification package, now include information to help you prepare for these exam questions.
For more information, contact Joann Brown at 703-253-2057 or jbrown@americanstaffing.net.
Staffing World, the ASA annual convention and expo, takes place this year Oct. 8–10 in Orlando, FL. Here are the top three reasons that you should attend:
1. Premier executive education you won’t find anywhere else
2. High-caliber networking opportunities
3. The largest, most comprehensive industry expo anywhere
Learn more about the education sessions, networking opportunities, and world-class expo in the Staffing World 2013 advance program, in the mail now and available on ASA Digital.
Visit staffingworld.org and register today. ASA members receive a discounted registration rate,.
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If you’re already a member, please sign in to read more.
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