USA Today (02/16/15) Paul Davidson
Productivity in the fourth quarter dropped at a 1.8% annual rate and was only up 0.8% in 2014, according to the U.S. Department of Labor. Productivity averaged 2.2% between 1947 and 2014 but hasn’t risen by more than 1.0% a year since 2010. Slow productivity growth could hurt future gains, economic growth, and wage increases, experts say. Low productivity growth could encourage businesses to increase hiring in the short term.
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.
Federal Reserve Bank of New York (02/17/15)
Business activity continued to expand in February at a modest pace for New York manufacturers, according to the Empire State Manufacturing Survey. The headline general business conditions index edged down two points to 7.8. The new orders index fell five points to 1.2—evidence that orders were flat. Employment indexes pointed to an increase in employment levels and little change in the average workweek.
Due to inclement weather in the Washington, DC, area, ASA is closed today. It is scheduled to reopen Wednesday, Feb. 18, at 9 a.m. Eastern time.
The easiest time to deal with a conflict or challenge is when the issue first shows itself. Learn methods for productively holding critical conversations and addressing conflict in your team during the ASA webinar “How to Hold Critical Conversations Productively.” It takes place Tuesday, Feb. 24, 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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