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Korn Ferry completes Pivot Leadership acquisition

March 2, 2015

Executive search firm Korn Ferry International Inc. (NYSE: KFY) announced today it completed the acquisition of Pivot Leadership, a global provider of executive development programs.The definitive agreement to acquire the firm was announced last month; terms were not disclosed. Pivot Leadership,...


Manufacturing indexes for US and Canada decelerate

March 2, 2015

The Institute for Supply Management’s purchasing managers’ index for US manufacturing decelerated to a reading of 52.9 in February from January’s reading of 53.5. February’s reading is the lowest in the last 12 months, but any reading above 50 typically indicates growth.The median forecast in a B...


‘Oh no, not a job order!’ — Staffing Stream

March 2, 2015

Job orders are necessary to make money in the staffing industry, but they can provide a false sense of security, writes Chris Cosmos in The Staffing Stream. Cosmos, founder and managing director of Cosmos Sales Professional, discusses why job orders provide a false sense of security.The Staffing...


Corporate Resource Services sells subsidiary, sends termination notices

February 27, 2015

Corporate Resources Services sold a subsidiary, and separately announced it sent termination notices to approximately 800 customers primarily in California.The New York-based staffing company is being led by a chief restructuring officer to oversee a possible sale of the firm after the PEO it wor...


Kelly Services CFO leaving to join Hershey; controller steps up

February 27, 2015

Kelly Services Inc. (NASD: KELYA), one of the world’s largest staffing firms, announced Patricia Little will step down as the company’s executive VP and CFO, effective March 13 to join The Hershey Company. Olivier Thirot, Kelly’s senior VP, corporate controller and chief accounting officer, will...


BG Staffing acquires Donovan & Watkins staffing operations

February 27, 2015

BG Staffing Inc. (NYSE: BGSF), a Plano, Texas-based staffing firm, acquired the Donovan & Watkins division of the Willis Group. Donovan & Watkins provides finance/accounting staffing and administrative/clerical staffing, and had been a part of the Willis Group portfolio since 2006. The de...


GDP estimate for Q4 revised down

February 27, 2015

US real gross domestic product increased at an annual rate of 2.2% in the fourth quarter, according to the second estimate released today by the U.S. Bureau of Economic Analysis. The second estimate is down from the previously released advance estimate of 2.6%.Real GDP rose by 5.0% in the third q...


Healthcare staffing provider Fortus appoints CFO

February 27, 2015

Fortus Healthcare Resources announced Dave Keenan joined the firm as COO and CFO, a newly created position within the company, effective Nov. 5.Prior to joining Fortus, Keenan served more than 12 years as VP, treasury and taxation at Oneida Ltd., a US tableware distributor. He also spent eight ye...


People: TrueBlue, Optomi, PrideStaff and more

February 27, 2015

The CEO of staffing provider TrueBlue Inc. (NYSE: TBI), Steven Cooper, was named to the board Boise Cascade Company, the company is one of the largest producers of plywood and engineered wood products in North America.Optomi LLC, an IT staffing firm, announced VP of National Accounts Laura Cheval...


Hudson revenue rises 3% in constant currency, notes restructuring charges

February 26, 2015

Hudson Global Inc. (NASD: HSON) reported revenue fell 2.4% in the fourth quarter to $136.7 million, but rose 2.8% on a constant currency basis. Revenue rose 12.9% in constant currency in Hudson’s Asia Pacific division but fell elsewhere. Fourth-quarter gross margin improved to 39.0%.The New York-...