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U.S. Industrial Production Hits Prerecession Peak

Published December 17, 2013 ■ Headline News

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.

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Ortoli | Rosenstadt: What Exactly Is a Seller Responsible for When Selling Its Staffing Firm?

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.

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Ortoli | Rosenstadt: What Exactly Is a Seller Responsible for When Selling Its Staffing Firm?

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