Marketwired (12/31/15)
General Employment Enterprises Inc. has acquired Dallas-based information technology and staffing firm Paladin Consulting Inc., effective Jan. 1.
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.
Jobless Claims Jump 20,000 to 287,000
MarketWatch (12/31/15) Greg Robb
The number of people applying for unemployment benefits rose by 20,000 to 287,000 in the week ended Dec. 26. The increase is the biggest since February, and claims are at their highest level since early July. However, claims data tend to be volatile around the Christmas holiday. Economists polled by MarketWatch had forecast claims of 275,000. The four-week average of new claims climbed by 4,500 to a seasonally adjusted 277,000.
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Welcome New ASA Members
The ASA board of directors and staff welcome the following new members, which joined during the week ending Dec. 27.
Career Advantage of Mahoning County
Youngstown, OH
OR Nurses Nationwide
Germantown, TN
Smart-HR Staffing
Rochester, MN
Southern Precision Staffing
Birmingham, AL
STR Group USA Inc.
Detroit, MI
Staffing Today Returns Jan. 4
In observance of New Year’s Day, ASA headquarters will be closed Friday, Jan. 1. Staffing Today will return, with a vibrant new look, on Monday, Jan. 4.
’50/50′ Visa Filing Fees Reinstated, Doubled
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Judge Says OSHA Can Seek Hazard Abatement at Worksites It Never Inspected
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Five Tips for Retaining Employees in a Competitive Business Climate
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CEO Personally Liable for Company’s Wage and Hour Violations
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Another Federal District Court Judge in Illinois Refuses to Apply the Illinois Appellate Court’s Fifield Decision
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Business Leaders Forecast Solid Growth for 2016
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Could Few Layoffs Be a Bad Sign for the Economy?
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