September 11, 2015

Today Is Your Last Chance to Save on Staffing World^® Registration

Published September 11, 2015 ■ Announcement

Today, Friday, Sept. 11, is the advance registration deadline for the industry’s most important event of the year—Staffing World 2015, Oct. 27–29 at the Gaylord Opryland Resort & Convention Center in Nashville, TN. Register today to save up to $150 per person.

The ASA annual convention and expo features world-class speakers, high-caliber educational sessions, high-quality networking opportunities, and the largest industry expo anywhere. For more details, see the Advance Program, which can also be viewed on your smartphone or tablet.

Go to staffingworld.net to register for Staffing World today at the best rate available.

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.

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Volt Information Sciences Reports Third-Quarter Financial Results

Published September 11, 2015 ■ Headline News

Volt Information Sciences News Release (09/10/15)

Volt Information Sciences Inc. reported revenue of $364.7 million for the third quarter of fiscal 2015, down 13.7% from $422.6 million for the third quarter of fiscal 2014. The company reported a net loss of $4.1 million, compared with a net loss of $480,000 in the year-ago quarter. The company’s staffing services segment reported revenue of $341.4 million, down 14% from $397 million in the third quarter of fiscal 2014.

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U.S. Producer Prices Were Unchanged in August

Published September 11, 2015 ■ Headline News

Wall Street Journal (09/11/15) Anna Louie Sussman; Jeffrey Sparshott

The producer price index was unchanged in August after rising 0.2% in July, according to the U.S. Department of Labor, suggesting inflation is muted amid declining oil prices. Excluding the energy and food categories, core prices increased 0.3% in August, on pace with the previous two months. Economists polled by the Wall Street Journal had forecast overall prices would decline 0.1% and core prices would increase 0.1%.

On a year-to-year basis, overall producer prices declined 0.8% in August from a year ago, while core prices rose 0.9%.

Producer prices for services increased 0.4% from July to August, but prices for goods declined 0.6%, largely due to lower gasoline prices.

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Welcome New ASA Members

Published September 11, 2015 ■ ASA for You

The ASA board of directors and staff welcome the following new members, which joined during the week ending Sept. 6.

ActiveTemps

Webster, MA

Altegria LLC

Menlo Park, CA

DRIVE Human Capital LLC

San Francisco, CA

JVI Solutions Inc.

Sugar Land, TX

M4 Workforce Solutions

Cincinnati, OH

MDT Holdings LLC

Lansdale, PA

PayGo Plus LLC

Duluth, GA

Phoenixx Systems LLC

Plano, TX

P.K.W. Associates Inc.

Baltimore, MD

TargetCW

San Diego, CA

TotalMed Staffing

Schaumburg, IL

Varco Staffing Inc.

Houston, TX