PR Newswire (07/02/14)
National recruiting firm HireBetter has acquired bkoAustin, an Austin, TX-based firm specializing in providing growing companies with experienced professionals on an interim or project basis for the offices of the chief financial officer and chief information officer.
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.
Conference Board News Release (07/07/14)
The Conference Board Employment Trends Index increased in June to 119.62, up from 119.03 in May. This represents a 6.3% gain in the ETI compared with a year ago.
“The rapid increase in the [ETI] in recent months suggests that strong job growth is likely to continue through the summer,” says Gad Levanon, director of macroeconomic research at the Conference Board. “While the strong labor market signals an improvement in economic growth, the key factor is that the average productivity of workers will need to rise as well.”
June’s increase in the ETI was driven by positive contributions from seven of its eight components including number of temporary employees.
Bloomberg Businessweek (07/03/14) Lorraine Woellert
Service providers across a range of industries grew in June at the second-fastest pace in nearly a year. The Institute for Supply Management’s nonmanufacturing index was 56.0 in June, after rising to 56.3 in May, which was the highest reading since August. Economists surveyed by Bloomberg called for no change from May. Readings above 50 signal expansion.
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