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Adecco eyes Michael Page buy

August 5, 2008

Adecco SA expressed interest in buying London-based staffing firm Michael Page International PLC. Michael Page said today the approach was unsolicited and is subject to a number of conditions. "The board of Michael Page continues to believe that the company has a very strong future as an independ...

Staffing payment index rises

August 5, 2008

The speed at which staffing buyers are paying staffing suppliers doesn't appear to have been affected by the credit crunch yet, according to the Capital TempFunds credit index. The index rose to 110 in July, 10 points above its baseline. It was 98 in June. Data for the index comes from Capital Te...

On Assignment's IT, physician revenues rise

August 5, 2008

Second-quarter revenue rose 8.5% at On Assignment Inc. (NASD: ASGN). The Calabasas CA-based firm posted 20.4% year-over-year growth in its physician staffing business and 15.7% in its information technology and engineering staffing business. Overall, On Assignment posted second-quarter revenue of...

Service sector's contraction slows

August 5, 2008

The U.S. service sector contracted in July, but at a slower rate than in June, according to the Institute for Supply Management's nonmanufacturing index released today. The index rose to 49.5 in July from 48.2 in June. Readings above 50 indicate expansion. Employment in the services sector also c...

PEO changes name

August 4, 2008

The Southeastern Companies Inc. (OTCBB: GEYH.OB), a Tampa FL-based professional employer organization, changed its name to Global Employment Solutions, PEO Division. "Our evolution into Global Employment Solutions was necessary to increase brand awareness and accommodate our rapidly expanding ser...

Empresaria buys stakes in firms

August 4, 2008

London-based staffing firm Empresaria Group PLC acquired a 60% stake in MediradiX Oy of Finland and MediradiX Oü of Estonia. The firms provide doctors, dentists and nurses for hospitals and health centers. The buys mark Empresaria's first entry into Finland and Estonia. The company now operates...

Research from Staffing Industry Analysts

August 4, 2008

Here is the latest research from Staffing Industry Analysts. BRIEFING - Staffing Industry Stock Index analysis *SISI Index falls 0.8% in July *16 firms up, 5 down *European weakness hits some international firms For the full Briefing, click here. BRIEFING - Analysis of CDI 2Q08 earnings release *...

Employment trends index slips

August 4, 2008

The Conference Board's employment trends index fell 0.9% in July to 112.1 from June's reading of 113.1. Compared to July 2007, the index is down more than 7.5%. "This economy remains too weak to stem the monthly loss in jobs," said Gad Levanon, senior economist at The Conference Board. "Unless th...

TechTeam division names president

August 4, 2008

TechTeam Global Inc. (NASD: TEAM) named David Kriegman as head of its TechTeam Government Solutions Inc. subsidiary. Kriegman comes to TechTeam from Command Federal, a provider of networking services. TechTeam Government Solutions is based in Chantilly VA.

Manufacturing activity flat, employment rises

August 1, 2008

Economic activity in the U.S. manufacturing sector increased in July at about the same rate as in June, but employment rose after months of contraction, the Institute for Supply Management reported. The ISM's key purchasing managers' index for manufacturing, released today, registered 50.0 in Jul...