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Economic gauge slips lower
December 14, 2007The growth rate for the Economic Cycle Research Institute's forward-looking gauge of the U.S. economy for the week ended Dec. 7 contracted 3.8%. ECRI's weekly leading index level fell to 138.0 from 138.2 in the prior period.
The growth rate and level can move in opposite directions because the index...
Latest Staffing Industry Report released
December 14, 2007The December issue of our Staffing Industry Report newsletter is now available in PDF form at www.staffingindustry.com. To download a copy, click here.
Comsys buys Atlanta IT consulting firm
December 13, 2007Houston-based information technology staffing and services company Comsys IT Partners Inc. (NASD: CITP) said Wednesday it acquired Praeos Technologies Inc., a privately held Atlanta-based IT consulting firm. Terms of the deal were not announced, but Comsys said the acquisition will be accretive to 2008...
Correction
December 13, 2007Wednesday's issue of the Daily News incorrectly stated the U.S. Census Bureau's estimate of third-quarter revenue growth in employment services compared with the second quarter. Revenue in the category grew 0.4%.
Honors and Certifications
December 13, 2007TechGroup Inc., a Spokane WA-based healthcare staffing company, announced it was certified by the Joint Commission for the Health Care Staffing Services program.
MRI China Group, a member of MRINetwork, said it was awarded the CCH/China STAFF Recruitment Firm of the Year award for the third time. MRINetwork...
Unemployment claims fall by 7,000
December 13, 2007In the week ended Dec. 8, the advance figure for seasonally adjusted initial unemployment claims was 333,000, a decrease of 7,000, or 2%, from the previous week's revised figure of 340,000. The four-week moving average was 338,750, a decrease of 2,000 from the previous week's revised average of 340,750....
National Technical Systems profit rises 54%
December 13, 2007Third-quarter net income rose 54.3% at National Technical Systems Inc. (NASD: NTSC), a Calabasas CA-based provider of product testing and staffing services. The company reported net income of $631,000 in its fiscal third quarter ending Oct. 31 compared with $409,000 in the same period in the prior year....
Randstad increases stake in Vedior
December 12, 2007Randstad Holding NV in a news release for foreign investors said it increased its share in Vedior to 15.03% through open market purchases of 26.1 million shares.
Randstad announced Dec. 3 that it struck a deal to buy fellow Dutch staffing firm Vedior. The combined company would be the second-largest...
Financial results - Allied Healthcare International
December 12, 2007Allied Healthcare International Inc. (NASD: AHCI)
For the fourth quarter ended Sept. 30, 2007, compared with the same period in the prior year.
Revenue: $73.2 million, +5.8%
Net income: $61.3 million vs. net loss of $131.1 million
For the fiscal year ended Sept. 30, 2007, compared with the prior year....
People - Heidrick, Pomeroy
December 12, 2007Heidrick & Struggles International Inc. (NASD: HSII) named Bill Trau as a partner in its semiconductor specialty practice. Trau comes from Trau & Associates, a senior-level executive search firm he founded in 2004.
Pomeroy IT Solutions Inc. (NASD: PMRY) appointed Chris Froman as senior VP of sales and...