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Potential Pomeroy buyer backs out

May 19, 2008

Pomeroy IT Solutions Inc. (NASD: PMRY) said Charlesbank Partners LLC withdrew its offer to buy the information technology services and staffing company. Pomeroy announced April 9 that Charlesbank and Pomeroy's founder and largest shareholder, David Pomeroy, had offered to buy the firm for $7.05 a...


Leading index rises 0.1%

May 19, 2008

The Conference Board reported its U.S. leading index of economic indicators rose 0.1% in April to 102.0. Based on revised data, the index increased 0.1% in March and fell 0.3% in February. Six of the 10 leading indicators that make up the leading index increased in April. They were stock prices,...


Latest Staffing Industry Report released

May 16, 2008

The May issue of the Staffing Industry Report newsletter is now available in PDF format at www.staffingindustry.com. To download a copy, click here. Top stories from this month's issue: -The list of the largest U.S. staffing firms -Temp staffing's long-term forecast -Staffing survey looks at who...


Pomeroy posts loss

May 16, 2008

Pomeroy IT Solutions Inc. (NASD: PMRY) posted a net loss of $4.2 million in the first quarter, compared with net income of $1.8 million in the first quarter of 2007. President and CEO Keith Coogan said the loss reflects margin pressures from its infrastructure services business. First-quarter rev...


Brainhunter posts second-quarter profit

May 16, 2008

Brainhunter Inc. (TSX: BH) reported net income of C$2.9 million (US$2.8 million) for its second quarter ended March 31, compared with a loss of C$232,428 in the same period in the previous year. Second-quarter revenue rose 4.5% to C$60.5 million (US$59.2 million) from C$57.9 million in the year-a...


South Dakota, Wyoming have lowest jobless rates

May 16, 2008

South Dakota and Wyoming posted the lowest jobless rates among all states in April at 2.6% each, the U.S. Bureau of Labor Statistics reported today. South Dakota has reported the lowest jobless rate among states since January and had tied in December with Idaho for the lowest rate. Michigan again...


Economic index doesn't yet show recovery

May 16, 2008

The growth rate for the Economic Cycle Research Institute's weekly leading index (WLI) level of the U.S. economy for the week ended May 9 fell to 133.5 from the prior period's reading of 133.6. Higher index levels indicate strengthening of the economy. "While the WLI slipped slightly, its growth...


Jobless claims rise by 6,000

May 15, 2008

In the week ended May 10, the advance figure for seasonally adjusted initial unemployment claims was 371,000, an increase of 6,000, or 1.6%, from the previous week's figure of 365,000. The four-week moving average was 365,750, a decrease of 1,000 from the previous week's revised average of 366,750.


Job openings decline

May 15, 2008

There were approximately 3.7 million job openings on the last business day of March, down 468,000 year-over-year, according to numbers released today by the U.S. Bureau of Labor Statistics. There were 4.2 million job openings in March 2007. The job openings rate was 2.6% in March compared with 3....


TriNet names new CEO

May 15, 2008

TriNet, a San Leandro CA-based professional employer organization, named Burton Goldfield as its new president and CEO. Goldfield takes over from Martin Babinec, who had served as president and CEO since the company's founding 20 years ago. Babinec will continue as TriNet's chairman. Goldfield co...