Bloomberg (08/22/13) Shobhana Chandra
Jobless claims rose 13,000 to 336,000 during the week ended Aug. 17, according to the U.S. Department of Labor. Economists surveyed by Bloomberg had predicted an increase to 330,000. However, the number of people who applied for unemployment benefits over the past month was the lowest in more than five years, demonstrating an improving labor market. The four-week average of new jobless claims fell to 330,500, the lowest since November 2007.
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.
Wall Street Journal (08/21/13) Angus Loten
As major technology firms fight for an increase in H-1B visas, small companies say they cannot compete with larger players even if the annual cap is raised. Most applications are filed by startups and small employers, says the Brookings Institution, but those companies usually do not have the human resource departments needed to manage the paperwork associated with H-1B visas or the funds required for legal costs. Just 30% of H-1B visa applications proceed beyond the preliminary stage of the process. Temporary worker programs such as H-1B need “simplified procedures” to help smaller employers hire necessary workers, according to the Bipartisan Policy Center.
If you’re already a member, please sign in to read more.
If you’re already a member, please sign in to read more.
Don’t miss today’s ASAPro webinar, “The Employee Handbook—Do I Really Need One for Corporate Staff and Contract Workers?” from 3 to 4 p.m. Eastern time. Learn about the pros and cons of developing employee handbooks and written policies for your corporate employees as well as for your temporary and contract employees.
ASAPro webinars are free for ASA members and qualify for continuing education hours toward ASA certification renewal. To learn more and to register, visit americanstaffing.net.
If you’re already a member, please sign in to read more.
If you’re already a member, please sign in to read more.
If you’re already a member, please sign in to read more.
If you’re already a member, please sign in to read more.
If you’re already a member, please sign in to read more.
Home