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Contract watch - Spherion, Zycron

January 25, 2008

Spherion Corp. (NYSE: SFN) said United Airlines renewed its contract with the company's recruitment process outsourcing division through 2010. The deal calls for Spherion to support more than 4,000 of the airline's hires per year, including flight attendants, ground crew, customer service, and re...


'Temporary Jobs Guidebook' is now available

January 25, 2008

Want to know the fastest-growing occupations? How about the easiest placement opportunities? The Special Report "Temporary Jobs Guidebook - Niche Market Opportunities for Staffing Firms" is now available. The report analyzes fastest-growing occupations, least competitive targets, easiest placemen...


Economic gauge shows growth down

January 25, 2008

The growth rate for the Economic Cycle Research Institute's forward-looking gauge of the U.S. economy for the week ended Jan. 18 contracted 6.0%. ECRI's weekly leading index level fell to135.8 from 137.4 in the prior period. The index level measures weekly changes while the growth rate is derive...


ECG deal moving ahead - contracts not included

January 25, 2008

The MPS Group Inc.'s (NYSE: MPS) acquisition of Ensemble Chimes Global assets is moving forward. Doug Leeby, senior VP of MPS' Beeline, said the assets of ECG were purchased but not the customer contracts. The idea is to keep ECG's VMS operational and give clients some breathing room, Leeby said....


Unemployment claims fall by 1,000

January 24, 2008

In the week ended Jan. 19, the advance figure for seasonally adjusted initial unemployment claims was 301,000, a decrease of 1,000, or 0.3%, from the previous week's revised figure of 302,000. The four-week moving average was 314,750, a decrease of 14,000 from the previous week's revised average...


Kelly Q4 revenue up, but profit falls 23.8%

January 24, 2008

Fourth-quarter revenue at Kelly Services Inc. (NASD: KELYA) rose 3.8%, beating analysts' estimates. Net income, however, fell 23.8% in the quarter. "Despite continued weakness in the U.S. staffing market, we're pleased that we delivered solid profitable results," President and CEO Carl Camden sa...


MPS Group buys ECG

January 24, 2008

In a surprising move yesterday, MPS Group Inc. (NYSE: MPS) bought Ensemble Chimes Global in bankruptcy court and plans to operate the system. Bankruptcy trustee Howard Ehrenberg said MPS will pay $8,075,000 for the company. The court proceedings Wednesday attracted a number of staffing firms. "T...


AccountAbilities moves to trade on OTC

January 24, 2008

AccountAbilities Inc. (Pink Sheets: ACBT.PK), a Manalapan NJ-based provider of financial staffing, said it's moving to arrange for a ticker symbol to trade its stock on the OTC Bulletin Board and terminating its merger plans with Hyperion Energy Inc. The company said Wednesday it filed a form 10...


CBS completes Staffmark deal

January 23, 2008

CBS Personnel Holdings Inc. said today it completed its purchase of Little Rock AR-based staffing firm Staffmark. The companies announced the deal on Dec. 19. The price included approximately $80 million in cash to retire Staffmark's debt and approximately $47.9 million of CBS stock, according to...


CIBER says Q4 revenue higher than forecast

January 23, 2008

Information technology staffing and services firm CIBER Inc. (NYSE: CBR) posted fourth-quarter revenue of approximately $290 million, according to preliminary results released Wednesday by the company. CIBER originally forecast fourth-quarter revenue of $262 million to $268 million, and cited gro...