Bloomberg (05/15/14) Lorraine Woellert; Victoria Stilwell
The number of people applying for unemployment benefits in the week ended May 10 fell by 24,000 to 297,000—the lowest since May 2007—according to the U.S. Department of Labor. The 49 economists surveyed by Bloomberg had forecast claims of 320,000. The four-week moving average of new claims dropped by 2,000 to 323,250.
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.
Wall Street Journal (05/15/14) Eric Morath; Sarah Portlock
Consumer prices increased last month at their strongest rate in almost a year, a sign of modest inflation pressures. The consumer price index rose a seasonally adjusted 0.3% in April from March, according to the U.S. Department of Labor. Core prices, which exclude the volatile food and energy categories, increased 0.2% in April. The gains were in line with the forecasts of economists polled by the Wall Street Journal.
Dow Jones Business News (05/15/14) Kathleen Madigan
New York’s business conditions index rose to 19.01 in May from 1.29 in April, according to the Federal Reserve Bank of New York’s Empire State Manufacturing Survey. The reading was the highest seen since mid-2010 and supports the belief that the economy may improve this quarter. A reading above zero indicates expansion.
Meanwhile, the employment index increased to 20.88 in May from 8.16 in April, while the workweek index rose to 2.20 from 2.04.
Don’t miss the ASAPro webinar “Leveraging Your CRM to Build a Remarkable Book of Business.” It takes place today from 3 to 4 p.m. Eastern time. Learn how customer relationship management (CRM) software can help your company manage client relationships, improve sales forecasting, and streamline operations.
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.
Participate in the association’s quarterly Staffing Employment and Sales Survey by May 16. Staffing firms that complete the survey receive an exclusive report on the results, which includes temporary and contract staffing sales and gross margin data by sector.
The data collected by this survey, which is sponsored by ASA research partner CareerBuilder, are essential to the association’s legal and legislative advocacy efforts on behalf of the staffing industry. Register to take the survey, or view a PDF version of the questionnaire, at americanstaffing.net. There are no fees to participate.
With more than 1,500 discussion topics posted on ASA Central in its first year, you’ve made this network of more than 20,000 industry professionals your primary resource for all staffing-related questions and topics. Here’s what your colleagues are talking about right now on ASA Central:
You can join these conversations, start new discussions, and make valuable connections in the members-only online community. Do you have a sector-specific question to ask or topic to discuss with your peers? Visit one of the six sector-specific communities on ASA Central to network with colleagues in your sector. ASA offers sector-specific collaborative communities, called sections, that support the broad areas of the staffing industry: heath care; industrial; office–administrative; professional; search and placement; and technical, IT, and scientific.
ASA is celebrating the first birthday of its dynamic members-only online community. Visit ASA Central to provide feedback on the community’s first year.
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