Page Group News Release (04/14/15)
Michael Page International Plc reported gross profits of £135.6 million for the first quarter of fiscal 2015, up 7.2% (10.9% in constant currency) from £126.6 million in the first quarter of fiscal 2014. Gross profits in the Americas totaled £19.3 million, up 6.7% (7.1% in constant currency) from £18.1 million in the year-ago quarter.
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 (04/14/15) Eric Morath; Kate Davidson
The U.S. producer price index (PPI) increased in March for the first time since October, a sign of easing inflation. The PPI for final demand rose a seasonally adjusted 0.2% last month from February, according to the U.S. Department of Labor. Even when excluding the energy and food categories, the index rose 0.2%. Economists polled by the Wall Street Journal had forecast overall prices would rise 0.2% and prices excluding energy and food would increase 0.1%.
Producer prices fell 0.8% year-to-year, but core prices have risen 0.9% from a year ago.
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ASA recently offered a free “Legal and Legislative Advocacy for the Staffing Industry” webinar to update industry professionals on the current legal and legislative environment and what it means for their firms.
If you missed the webinar and want to know what legislators and politicians are doing that could affect your business, you can get access to a webinar recording by contacting ASA.
During this free program, you will learn about
To receive access to the recording of this webinar, email ASA or call 703-253-2020.
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