Bloomberg (04/23/15)
The number of people applying for unemployment benefits in the week ended April 18 increased by 1,000 to 295,000, according to the U.S. Department of Labor. It was the seventh consecutive week that benefits were below 300,000. The 55 economists surveyed by Bloomberg had forecast claims of 287,000. The four-week moving average of new claims increased by 1,750 to 284,500.
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.
Reuters (04/22/15) Howard Schneider
Rapidly rising part-time employment rates are expected to factor into the U.S. Federal Reserve’s decision on whether to lift interest rates from near zero. According to a Reuters and Ipsos online poll, more than a third of people working fewer than 30 hours a week were satisfied with their current hours or wanted to work less; only 23% wanted to work a traditional 40-hour workweek. Nearly one-fourth of people working more than 30 hours a week wanted to work less.
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Next week, April 28–29, the best and brightest in the staffing industry will convene at the Gaylord National Resort & Convention Center for the 2015 ASA Staffing Law Conference.
This is the only event dedicated exclusively to legal and regulatory issues facing staffing, recruiting, and workforce solutions companies. See the full agenda and register now at staffinglawconference.net. The last day to register online is tomorrow, April 24.
Candidates say they’ll apply for jobs with companies that are widely regarded as great places to work. How can you ensure that your firm, and its clients, have the kind of reputation that will attract top talent? Find out how to differentiate your company through employer branding during the ASA webinar “Attract Candidates With a First-Rate Employer Brand.” It takes place Tuesday, May 19, 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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