MarketWatch (09/26/13)
The economy expanded at an unrevised 2.5% pace in the second quarter, according to the U.S. Department of Commerce. Economists surveyed by MarketWatch had forecasted an upwardly revised 2.7% pace. The economists expect growth to slow to 1.9% in the third quarter.
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 (09/26/13) Victoria Stilwell; Shobhana Chandra
U.S. jobless claims fell last week, indicating progress in the labor market and possible employer optimism about the demand outlook. Claims declined by 5,000 to 305,000 in the week ended Sept. 21, according to the U.S. Department of Labor. A Bloomberg forecast of economists had anticipated an increase to 325,000 claims. The less-volatile four-week moving average declined to 308,000 from 315,000 a week earlier.
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Don’t miss the ASAPro webinar “Make the Most of Your Staffing World Experience” today from 3 to 4 p.m. Eastern time. Get ideas for how to organize your time at Staffing World 2013, Oct. 8–10 in Orlando. You’ll figure out how to see everything you want to see among the nearly 40 high-caliber education sessions, several networking events, and a sold-out expo hall at the ASA annual convention and expo.
All ASAPro webinars are free for ASA members. To learn more and to register, visit americanstaffing.net. And if you’re not registered for Staffing World yet, visit staffingworld.org and register today. ASA members receive a discounted registration rate.
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