U.S. factory production edged up in August as resilient business investment offset more limited output of consumer durable goods. The 0.1% rise in manufacturing output last month followed an automobile-fueled 0.6% July advance, according to the U.S. Federal Reserve. Including mining and utilities, total industrial production declined 0.2% in August. The median forecast in a Bloomberg poll of economists called for a 0.1% drop in factory output and no change in total industrial production.
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.