Advance Healthcare Network (12/14/15)
Med-Call Healthcare, a Chicago-based health care staffing firm, has acquired Med Staff On-Call, a nursing staffing solutions provider. All operations will be merged under the Med-Call brand name.
Advance Healthcare Network (12/14/15)
Med-Call Healthcare, a Chicago-based health care staffing firm, has acquired Med Staff On-Call, a nursing staffing solutions provider. All operations will be merged under the Med-Call brand name.
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 (12/15/15) Harriet Torry; Kate Davidson
The consumer-price index did not change in November after increasing a seasonally adjusted 0.2% in October, according to the U.S. Department of Labor. Excluding the volatile energy and food categories, core prices increased 0.2%, the same pace of growth seen in October. The CPI met the expectations of economists polled by the Wall Street Journal.
Compared with a year earlier, overall prices rose 0.5%, the biggest 12-month increase since December 2014. Core prices rose 2% from a year ago, the biggest 12-month increase since May 2014.
Inflation remains restrained, due to the effect of lower gas prices. U.S. Federal Reserve officials are looking for signs that inflation is increasing as they consider whether to boost interest rates.
Federal Reserve Bank of New York (12/15/15)
According to the Federal Reserve Bank of New York, the general business conditions index was at -4.6 in December, six points above its November level, indicating that the pace of decline moderated somewhat. Business activity declined for a fifth consecutive month for New York manufacturing firms in December. However, nearly 25% of respondents reported that conditions had improved over the month, while 29% reported that conditions had worsened. Although the new orders index remained negative at -5.1, suggesting that orders continued to fall, the shipments index rose almost 10 points to 5.5, marking the first increase in shipments since the summer.
Labor market conditions deteriorated noticeably. The index for number of employees, negative for a fourth consecutive month, fell nine points to -16.2, and the average workweek index plunged 13 points to -27.3, its lowest level since early 2009.
Wall Street Journal (12/15/15) Douglas MacMillan
Seattle’s city council has approved legislation that will allow drivers of services like Uber Technologies Inc. and Lyft Inc. to unionize, giving them the ability to negotiate their pay and working conditions. This is the first time a U.S. city has opened the door to unions for ride-hailing drivers.
“Unfortunately, the ordinance passed today threatens the privacy of drivers, imposes substantial costs on passengers and the city, and conflicts with long-standing federal law,” a Lyft spokesperson said.
Since the city council’s decision, drivers for ride-hailing services in Hawaii, Connecticut, Kansas, North Carolina, and New York have inquired about advocating for legal reforms in those states, according to Dawn Gearhart, a spokesperson for Teamsters Local 117.
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Don’t miss the fourth and final ASA State of the Industry webinar of 2015. It takes place today from 3 to 4 p.m. Eastern time. Hear how you can improve retention of your placed talent, key staffing industry metrics, U.S. Department of Labor proposed overtime regulations, and more—plus a question-and-answer segment featuring newly elected ASA chairman Lesa Francis, CSP.
All ASA webinars are free for ASA members, and most qualify for continuing education hours toward ASA certification renewal. To learn more and to register, visit americanstaffing.net.
ASA understands the unique challenges staffing firms face, and it’s committed to providing unparalleled resources and education to help you protect and promote your business.
ASA members receive expert legal and legislative guidance, free continuing education and training, access to all the news in this daily newsletter, and more.
There is no better time to become a member—join ASA today for 2016 and your firm will receive the remainder of this year for free.
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