Bloomberg (09/25/14) Lorraine Woellert
The number of people applying for unemployment benefits in the week ended Sept. 20 rose by 12,000 to 293,000, according to the U.S. Department of Labor. The 46 economists surveyed by Bloomberg had forecast claims of 296,000. The four-week moving average of new claims fell by 1,250 to 298,500.
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 (09/25/14) Ben Leubsdorf; Jonathan House
Orders for durable goods declined overall in August from a month earlier, according to the U.S. Department of Commerce. Excluding defense goods, orders declined 19.0% in August after increasing 24.9% in July. New orders for nondefense capital goods excluding aircraft increased 0.6% in August, a hopeful sign for U.S. business expenditures.
CIO Journal (09/24/14) Rachael King
CodersTrust will finance the education of 100,000 information technology workers in impoverished nations over the next three years. The startup is helping Elance-oDesk Inc. freelancers upgrade their skills. Roughly 57% of the jobs listed on Elance and oDesk relate to IT and technology.
“In a year you can go from knowing nothing to being able to complete 60% of the coding tasks on sites such as Elance or oDesk,” said Ferdinand Kjærulff, founder and chief executive officer of CodersTrust.
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At Staffing World 2014, Oct. 13–15 at the Gaylord National Resort and Convention Center in metro Washington, DC, you’ll find the world’s largest marketplace for the staffing, recruiting, and workforce solutions industry, where you can learn about the latest technologies, innovative products, and new services to help your firm keep its competitive edge and better serve your clients. Meet the valuable suppliers face-to-face, conduct side-by-side comparisons, and assess the resources available to you to increase your company’s efficiency and productivity.
And remember to visit the ASA Learning Pavilions in the expo hall, new this year at Staffing World. Use these pavilions to meet with fellow attendees and experts about the Affordable Care Act, the skills gap, and more.
Make sure your company is at Staffing World, Oct. 13–15 in metro Washington, DC. Register today.
What separates a typical recruiter from a top producer? Find out what distinguishes a great recruiter during the two-part ASA Webinar “From Average to Great—The Four Key Steps to Becoming a Master Recruiter.” The first session takes place Tuesday, Nov. 4, 3–4 p.m. Eastern time. (The second session will take place Tuesday, Nov. 11, 3–4 p.m. Eastern time.)
All ASA 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.
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