MarketWatch (07/09/15) Jeffry Bartash
The number of people applying for unemployment benefits in the week ending July 4 rose by 15,000 to 297,000. The four-week moving average of new claims rose by 4,500 to 279,500, indicating that layoffs remain low nationwide.
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 (07/08/15) Jon Hilsenrath; Ben Leubsdorf
Minutes from the U.S. Federal Reserve’s June 16-17 meeting suggest an underlying unease about raising interest rates. According to the minutes, the Fed “would need additional information indicating that economic growth was strengthening, that labor market conditions were continuing to improve, and that inflation was moving back toward the committee’s objective” of 2% before raising interest rates. The slow pace of consumer spending is one of the Fed’s concerns.
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