PR Web (12/16/13)
Wilton, CT-based Onward Search, a provider of staffing solutions for digital marketing, creative, and technology talent, has announced the completed acquisition of Match Creative Talent, a Los Angeles-based staffing firm specializing in connecting creative, marketing, and business-support professionals with opportunities in the advertising, marketing, entertainment, corporate, and design industries.
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 (12/16/13) Jeffrey Sparshott
According to the U.S. Federal Reserve, U.S. industrial output in November rose 1.1% from October, surpassing its prerecession peak in the largest jump in a year. Mining and utilities companies posted strong gains, and demand for a variety of industrial goods is rising. Manufacturing remains below its prerecession peak, but has gained for four straight months and rose 0.6% in November.
Manufacturers added 27,000 jobs in November; overall factory employment has risen to over 12 million employees for the first time since 2009. Healthy retail sales have demonstrated consumer demand.
MarketWatch (12/17/13)
According to the U.S. Department of Labor, the consumer price index (CPI) was flat in November on a seasonally adjusted basis. The core CPI, which excludes food and energy costs, rose 0.2%. Economists surveyed by MarketWatch had predicted that both the main CPI and the core rate would rise by 0.1%.
Consumer prices have risen by 1.2% over the past 12 months; the core CPI has risen 1.7% during the same period. Real hourly wages increased by 0.2% in November to $10.33 and have risen 0.9% in the past 12 months.
The 12th edition of Employment Law for Staffing Professionals is a must-have resource for navigating the many complex issues regarding the legal relationships between staffing firms, the employees they supply, and the clients that use their services. Help your employees find the information they need to reduce the risk of legal liability for your firm.
The book provides clarification on the often confusing and complex laws and regulations governing employment and the staffing industry. Details are provided in an easy-to-use format that can help every staffing professional act in accordance with the law and prevent potentially costly legal mistakes. View the contents and an excerpt online at americanstaffing.net.
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