PR Newswire (09/16/13)
Tiffany Stuart Solutions Inc., dba Dynamic Office & Accounting Solutions, has announced a merger with Prolinx Services Inc., a managed services and staffing company. The merger of these companies will leverage the collective strengths of both companies to create a larger staffing organization in the San Francisco Bay area and expand their global reach.
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 (09/16/13) Michelle Jamrisko
Led by a rebound in automobile manufacturing, U.S. industrial production climbed 0.4% in August after no change in July, according to the U.S. Federal Reserve. The increase was the biggest seen in six months and indicates manufacturing will help boost economic growth. A forecast by Bloomberg economists had called for a 0.5% increase in industrial production.
PR Newswire (09/13/13)
California’s Department of Industrial Relations and Labor Commissioner’s office are warning business owners about demands for payment from the “Labor Compliance Office.” Notices sent by the Los Angeles-based company seek payment of a “processing fee” of $275 for labor-related postings. The Labor Compliance Office is not a government agency and is not affiliated with the Labor Commissioner’s office, which is also known as the Division of Labor Standards Enforcement, a division of DIR.
“This group is not authorized by the state of California to issue citations or charge fees on our behalf,” says DIR director Christine Baker. “Work place postings can be downloaded from our website at no charge.” Labor commissioner Julie A. Su reminds employers that DLSE investigators who visit businesses to ensure compliance with labor laws will never request payment during an inspection.
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Rising workers’ compensation costs are among staffing firm owners’ greatest concerns, but there are ways to control these costs. Get ideas from members of the ASA workers’ compensation committee during the ASAPro webinar “Best Practices for Reducing Workers’ Compensation-Related Costs.” It takes place Tuesday, Sept. 24, 3–4 p.m. Eastern time.
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.
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