Business Wire (04/10/2014)
TSR Inc., a technology consulting firm, reported revenues of $12.1 million for the third quarter of fiscal 2014, up 15.3% from $10.5 million in the third quarter of fiscal 2013. Revenues were $36.4 million for the first nine months of fiscal 2014, up 12.4% from $32.4 million the previous year. The company saw a net loss of $45,000 in the first nine months of fiscal 2014, down 94.0% from $749,000 in the first nine months of fiscal 2013.
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 (04/11/14) Lorraine Woellert
The producer price index increased 0.5% in March, up from a 0.1% decrease in February, according to the U.S. Department of Labor. A Bloomberg survey of economists had called for a 0.1% increase. The rise was led by the largest gain in the cost of services in four years. Core prices, which exclude the cost of food and energy, rose 0.6%.
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The ASA board of directors and staff welcome the following new members, which joined during the week of March 31.
CGS Management
Bethesda, MD
Cumberland Environmental Resources Co.
Brentwood, TN
Extreme Technologies
Katy, TX
Hatch Staffing Services
Milwaukee, WI
Nectir
Dallas, TX
Personnel Associates
Gaffney, SC
Resource Staffing Inc.
Sheridan, WY
Stellar Staffing
Napa, CA
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