Wall Street Journal (09/17/14) Eric Morath; Jonathan House
Consumer prices declined a seasonally adjusted 0.2% in August from July, according to the U.S. Department of Labor. This marked the first decline since April 2013. The consumer-price index was unchanged after excluding food and energy. Economists polled by the Wall Street Journal had forecast that overall prices would remain flat but costs excluding food and energy would increase 0.2%.
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 (09/16/14) Nick Timiraos
The median annual household income in the U.S. increased 0.3% last year, or a total of $180, to an inflation-adjusted $51,939, according to the U.S. Census Bureau. It was the first increase in six years, although it was not statistically significant and did little to help worker incomes, which are about 8% below their level of 2007. Median incomes are down 4.0% since the recession ended in 2009, back to levels last seen in 1996.
Wall Street Journal (09/16/14) Erin McCarthy
United Parcel Service Inc. will hire between 90,000 and 95,000 seasonal employees this year due to an increase in e-commerce. The company hired 85,000 seasonal workers last year after only expecting to take on an additional 55,000 employees. The surge will begin in October and last through January. Nearly 60% of all UPS deliveries in the U.S. last holiday season were e-commerce packages, up from 40% in all of 2012.
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The ASA Staffing Industry Compensation Survey provides the only comprehensive view of salaries and compensation in the staffing industry.
Just in time for 2015 budget planning, get the data you need to see how your firm’s compensation, incentive, and benefits structures compare with those of similar firms. This survey collects information on salaries, variable pay, and benefits for 29 positions specific to the staffing industry. Subscribe to the survey for online access to exclusive reports—search for competitor firms; by city, state, or ZIP code; and much more.
Participate in the survey by Sept. 28 for access to custom online reports. These reports will be available for six months, beginning Sept. 29—but only to subscribers. For more information and to subscribe, visit americanstaffing.net.
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