Business Wire (08/03/15)
Insperity Inc. reported revenues of $627.8 million for the second quarter of 2015, up 11.2% from $564.6 million in the second quarter of 2014. Net income totaled $7.3 million, up from $1.9 million in the year-ago quarter.
Ortoli | Rosenstadt: What Exactly Is a Seller Responsible for When Selling Its Staffing Firm?
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.
U.S. Consumer Spending Up 0.2% in June
Wall Street Journal (08/03/15) David Harrison; Josh Mitchell
Consumers pulled back on spending increases in June, an indication that weak wage growth might be weighing on them. Personal spending increased 0.2% from May, the weakest gain since February, according to the U.S. Department of Commerce. Spending increased a revised 0.7% in May. Personal income rose 0.4% in June and a revised 0.4% in May. Economists polled by the Wall Street Journal had forecast a 0.2% increase in consumer spending and a 0.4% increase in personal income.
End-July Consumer Sentiment Unexpectedly Slips to 93.1
Wall Street Journal (07/31/15) Kathleen Madigan
The University of Michigan final July sentiment index dropped from June’s 96.1, and from its preliminary reading of 93.3, to 93.1. Economists polled by the Wall Street Journal had forecast a July reading of 94.0. July’s final current conditions index increased from 106.0 to 107.2, while the expectations index dropped from 85.2 to 84.1.
One-year inflation expectations for all of July were in line with the preliminary 2.8% reading, and inflation expectations for the next five years rose from 2.7% to 2.8%.
ASA Webinar Next Month—Managing a Family-Owned Firm
Some business challenges are specific to family-owned companies. Hear from three leaders of family-owned staffing firms during the ASA webinar “The Do’s and Don’ts for Family-Owned Staffing Firms.” It takes place Thursday, Sept. 10, 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.
Staffing World® Less Than Three Months Away—Register Today and Save
Staffing World 2015, the largest, most comprehensive convention and expo in the staffing, recruiting, and workforce solutions industry, takes place Oct. 27–29 in Nashville, TN—and you can save up to $150 per person when you register by Sept. 11.
Get more information and register online at staffingworld.net. ASA members get a discount, so join ASA and save even more.
Search and Placement Firm Not Liable for Direct Hire’s Embezzlement
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WV Reports $43M Reduction in Workers’ Compensation Premiums in Coming Year
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Illinois Releases Pregnancy Accommodation Proposed Rules
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Texas: Four Caveats When Drafting Severance Agreements
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Court: Employee Who Threatens Co-Workers With Violence Is Not ‘Qualified’ Under the ADA
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Missouri Court Refuses to Enforce Arbitration Agreement
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