This content is for ASA members only.
If you’re already a member, please sign in to read more.
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.
Registration Now Open for Staffing World® 2014
Staffing World 2014, the largest, most comprehensive convention and expo in the staffing, recruiting, and workforce solutions industry, will take place Oct. 13–15 in Washington, DC. Registration is now open—and you can save up to $300 per person when you register by June 13.
Get more information and register online at staffingworld.net.
Adecco Maintains Positive Momentum in Q1 2014
Adecco Group News Release (05/08/14)
Adecco Group reported revenues of €4.7 billion in the first quarter of 2014, up 6% in constant currency from the first quarter of 2013. Net income totaled €110 million, up 64% from €67 million in the year-ago quarter.
North American revenues totaled €874 million, up 2% in constant currency on a year-to-year basis but held back by adverse weather conditions in January and February. The company reported that North American revenues for March were up 4% in constant currency (adjusted for trading days).
General staffing revenues totaled €3.43 billion in the 2014 first quarter, up 6% in constant currency from the previous year. Professional staffing revenues totaled €1.11 billion, up 4% in constant currency.
“Europe is driving the recovery for us, but most markets are improving and North America is solid,” said Adecco Group CEO Patrick De Maeseneire.
Cross Country Healthcare Announces First-Quarter 2014 Financial Results
Cross Country Healthcare Inc. News Release (05/07/14)
Cross Country Healthcare Inc. reported revenues of $118.1 million for the first quarter of 2014, up 7% from $110.3 million in the first quarter of 2013. The company reported a net loss of $782,000, compared with net income of $1.2 million in the year-ago quarter.
Nurse and allied staffing revenues totaled $80.2 million for the first quarter of 2014, up 13% from $71.1 million in the first quarter of 2013. Physician staffing revenues totaled $29.1 million, down 2% from $29.7 million on a year-to-year basis.
RCM Technologies Inc. Announces First-Quarter Results
RCM Technologies News Release (05/07/2014)
RCM Technologies Inc. reported revenues of $48.6 million for the first quarter of 2014, up 17.8% from $41.2 million in the first quarter of 2013 and its highest quarterly revenues in five years. The company reported net income of $1.2 million in the first quarter, up 20.0% from $1.0 million a year earlier.
Command Center Reports First-Quarter 2014 Financial Results
Command Center Inc. News Release (05/08/14)
Command Center Inc. reported revenues of $18.5 million for the first quarter of 2014, down 7% from $19.9 million in the first quarter of 2013. The company reported net income of $511,000 in the first quarter, up from $12,000 in the same quarter a year ago.
TrustPoint International Acquires PartnerJD
PRWeb (05/07/14)
Atlanta-based legal services firm TrustPoint International has acquired PartnerJD, a Richmond, VA-based eDiscovery staffing firm. PartnerJD will continue to operate as a separate business unit.
Jobless Claims in U.S. Dropped More Than Forecast Last Week
Bloomberg (05/08/14) Lorraine Woellert
The number of people applying for unemployment benefits in the week ended May 3 dropped by 26,000 to 319,000, according to the U.S. Department of Labor. Fifty-two economists surveyed by Bloomberg had forecast claims of 325,000. The four-week moving average of new claims rose by 4,500 to 324,750.
Nominate the Next National Staffing Employee of the Year
This content is for ASA members only.
If you’re already a member, please sign in to read more.
What’s Trending on ASA Central Right Now
This content is for ASA members only.
If you’re already a member, please sign in to read more.
Free ASAPro Webinar Next Week—Managing Client Relationships
Customer relationship management (CRM) software helps companies manage client relationships, improve sales forecasting, and streamline their operations. Learn best practices for using a CRM and managing it effectively during the ASAPro webinar “Leveraging Your CRM to Build a Remarkable Book of Business.” It takes place Thursday, May 15, 3–4 p.m. Eastern time.
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.
Improper Expense Reimbursements May Be a ‘Shadow Wage’
This content is for ASA members only.
If you’re already a member, please sign in to read more.
Outsourcing as Core Business Strategy Can Lead to Depressed Wages and Working Conditions, New Report Says
This content is for ASA members only.
If you’re already a member, please sign in to read more.
Worker Productivity Falls at Its Fastest Pace in a Year
This content is for ASA members only.
If you’re already a member, please sign in to read more.
New Survey Explores the State of the Nursing Profession
This content is for ASA members only.
If you’re already a member, please sign in to read more.
Home