CTPartners News Release (10/15/14)
CTPartners Executive Search Inc. yesterday announced that it has signed a binding letter of intent to acquire Austrian-based Neumann, an executive search and leadership consulting firm. The transaction is expected to close on or about Dec. 1.
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.
American Staffing Association (10/16/14) Cynthia Poole
Economic growth continued around the U.S. in September and early October, according to the Federal Reserve Board’s latest report on regional economies (known as the “beige book”). All 12 districts reported modest to moderate growth at a pace similar to that noted in the previous six-week reporting period. Consumer spending grew slightly to moderately and manufacturing activity increased in most districts. Employment continued to expand, although most districts reported that some employers had difficulty finding qualified workers for certain positions. Staffing services increased in many districts, including New York, Philadelphia, Cleveland, Richmond, Chicago, and Dallas.
Bloomberg (10/16/14) Michelle Jamrisko
The number of people applying for unemployment benefits in the week ended Oct. 11 decreased by 23,000 to 264,000, the fewest since April 2000, according to the U.S. Department of Labor. The 49 economists surveyed by Bloomberg had forecast claims of 290,000. The four-week moving average of new claims dropped by 4,250 to 283,500, the lowest since June 2000.
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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.)
ASA webinars are $295 for nonmembers and qualify for continuing education hours toward ASA certification renewal. Join ASA and enjoy ASA webinars for FREE.
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