Bloomberg (06/12/14) Michelle Jamrisko
The number of people applying for unemployment benefits in the week ended June 7 rose by 4,000 to 317,000, according to the U.S. Department of Labor—below this year’s average. The 52 economists surveyed by Bloomberg had forecast claims of 310,000. The four-week moving average of new claims rose by 4,750 to 315,250.
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.
Associated Press (06/11/14)
Speaking at the Economic Club of New York, U.S. Treasury Secretary Jacob Lew said the U.S. economy should grow at a stronger rate for the rest of 2014, though he cautioned that millions of Americans continue to struggle with high unemployment and slow economic growth. He called on the government and the private sector to bolster hiring of the long-term unemployed and increase investment in productivity-enhancing equipment and critical infrastructure projects. “Evidence continues to mount that our economy is gaining traction,” Lew said.
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Staffing World 2014 is the largest, most comprehensive convention and expo in the staffing, recruiting, and workforce solutions industry, and your best chance to learn about the Affordable Care Act’s employer mandates before they go into effect in January.
It all takes place Oct. 13–15 at the Gaylord National Resort and Convention Center in metro Washington, DC, but the biggest discounts are about to expire—you can save up to $300 per person when you register by this Friday, June 13.
Get more information and register online at staffingworld.net.
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