The Delta Cos. News Release (02/26/14)

Jeff Bowling, founder and cheif executive officer of Dallas, TX-based the Delta Cos. has announced that the health care staffing company has been acquired by Mitsui & Co. Ltd.

Hudson Global Inc. News Release (02/27/2014)

Hudson Global Inc. reported revenues of $159.5 million for the fourth quarter of 2013, down 13.4% from $184.3 million in the fourth quarter of 2012, and $660.1 million for all of 2013, down 15.1% from $777.6 million in 2012. The company reported a net loss of $11.3 million in the fourth quarter, compared with a net loss of $0.3 million in the year-ago period, and a net loss of $30.4 million for the year, compared with a net loss of $5.3 million in 2012. Hudson Americas reported revenues of $29.6 million for the fourth quarter, down 25.1% from $39.5 million in the fourth quarter of 2012, and $139 million for 2013, down 17.9% from $169.2 million in 2012.

Impellam Group (02/27/2014)

Impellam Group PLC reported revenue of £1.206 billion for 2013, down 0.4% from £1.211 billion in 2012. The company reported a net loss of £1.1 million, compared with net income of £15.8 million in 2012. Impellam North America reported revenues of £192.4 million, up 6.6% from £178 million. The company’s core staffing revenues totaled £1.137 billion, up 0.8% from £1.128 billion.

MarketWatch (02/26/14)

RCM Technologies Inc. reported revenues of $45.8 million for the fourth quarter of 2013, up 23.9% from $37 million in the fourth quarter of 2012, and $170.8 million for all of 2013, up 17.1% from $145.8 million in 2012. The company reported a net loss of $1.6 million in the fourth quarter, compared with net income of $1 million in the year-ago quarter, and net income of $2 million for the year, down 38.3% from net income of $3.2 million in 2012.

Bloomberg (02/27/14) Katherine Peralta; Lorraine Woellert

U.S. jobless claims increased 14,000 to 348,000 in the week ended Feb. 22, according to the U.S. Department of Labor. Economists surveyed by Bloomberg had forecast jobless claims of 335,000. The four-week moving average of claims remained unchanged at 338,250.

Reuters (02/27/14) Lucia Mutikani

Orders for durable goods excluding transportation rose 1.1% in January, the biggest gain since May, after falling 1.9% in December, according to the U.S. Department of Commerce. Economists surveyed by Reuters had forecast a 0.3% decrease.

Overall durable goods orders were down 1.0% in January after a 5.3% decline in December. Economists surveyed by Reuters had forecast a 1.5% decrease.

Wall Street Journal (02/26/14) Michael S. Derby

Federal Reserve Bank of Boston president Eric Rosengren has called for a continuation of the central bank’s aggressive stimulus, due to continuing labor market weakness and uncertainty over the role of inclement weather on the economy in recent months. Even though bond-buying continues to be reduced, short-term interest rates likely will remain pegged near zero until some time in 2015. When the jobless rate reaches the bank’s 6.5% threshold for consideration of rate increases, Rosengren believes significant slack still will exist, and that the threshold rate should be 5.25%.