American Staffing Association (02/25/14)
Staffing employment is up 1.74% compared with the same month last year, according to the ASA Staffing Index.
The index value for the month of February is 91, indicating that staffing employment has decreased 0.54% over the past 30 days.
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.
PR Newswire (02/25/14)
CTG reported revenues of $102.7 million for the fourth quarter of 2013, down 5.0% from $107.9 million in the fourth quarter of 2012, and $419 million for all of 2013, down 1.0% from $424.4 million in 2012. Net income totaled $3.7 million in the fourth quarter, down 24.0% from $4.9 million, and $15.7 million for the year, down 3.0% from $16.2 million. Staffing revenue was $62.3 million in the fourth quarter, down 0.5%, and $254.1 million for the year, up 1.5%.
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Don’t miss tomorrow’s ASAPro town hall forum “Ask the Tech Genius,” 3–3:30 p.m. Eastern time. Get answers to your tough technical questions from staffing industry experts.
All ASAPro webinars are free for ASA members, and most qualify for continuing education hours toward ASA certification renewal. To learn more and to register, visit americanstaffing.net.
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