Hedge fund drops offer to acquire parent of Dice.com

Hedge fund TCS Capital Management LLC has decided not to pursue a possible acquisition of DHI Group Inc. (NYSE: DHX), which operates Dice.com and other job boards.

TCS in August offered a buyout of DHI Group and threatened a proxy battle. The hedge fund in May had acquired a large stake in DHI Group.

According...

Investor group to acquire Ultimate Software in $11 billion deal

Ultimate Software (NASD: ULTI), a developer of cloud-based human capital management and employee experience software, agreed to be acquired by an investor group led by private equity investment firm Hellman & Friedman. The investor group also includes Blackstone Group LP, GIC Pte Ltd, Canada Pension...

79% of staffing firms expect revenue to increase this year: Bullhorn

A new report by staffing software supplier Bullhorn found 79% of staffing and recruiting firms globally expect revenue to increase this year despite persistent concerns and challenges related to tight talent pools candidate-driven market and economic conditions, and macroeconomics and politics.

Looking...

US nonmanufacturing activity decelerates in January, but employment metric increases

Economic activity in the US nonmanufacturing sector decelerated in January, according to the Institute for Supply Management’s nonmanufacturing index, released today.

ISM’s nonmanufacturing index fell to a reading of 56.7 in January, down from a reading of 58.0 in December.

Readings above 50 generally...

TransForce forms new parent company

TransForce Inc., a nationwide truck-driver staffing firm headquartered in Alexandria, Va., on Monday announced the formation of the TransForce Group, its new parent company.

The company will now operate through three service lines: TransForce Group Education and Training Solutions; TransForce Group...

Possible shift to employers’ market, says LaSalle Network CEO — Staffing quote of the week

“I’d say it’s still an employee’s market, but it’s starting to turn,” LaSalle Network founder and CEO Tom Gimbel said on CNBC’s “Squawk Box,” discussing the state of hiring and recruiting. “You can feel that employers want to hire good people, they want to bring people on, but this...

Temp firms’ revenue accelerates to median 10% growth: Pulse Report

US temporary staffing revenue growth rose a median 10% year over year in December, up from 7% in November, according to Staffing Industry Analysts’ Pulse Survey Report of staffing firms released Thursday.

“Total temp staffing revenue growth bounced back up in December and this acceleration was driven...

Engineering staffing provider Belcan acquires UK-based firm

Engineering consulting and staffing provider Belcan LLC acquired UK-based Sitec Design Ltd. and Sitec Recruitment Ltd.

Established in 1951, Sitec is an engineering services and technical recruitment supplier with aerospace, defense, nuclear and industrial customers in the UK and other parts of Europe....

USCIS publishes final rule on H-1B visa process update, delay in registration welcome

US Citizenship and Immigration Services last week published a final rule that brings changes to the H-1B visa process. One change includes a new electronic registration system for H-1B visas that would require petitioners to first register electronically. Another reverses how H-1B petitions are selected...

Employment Trends Index declines in January, but government shutdown affects reading

The Conference Board’s US Employment Trends Index declined in January following an increase in December; however, the year-over-year change remains positive. The index fell to a reading of 109.56 in January from a downwardly revised reading of 110.96 in December.

Due to the government shutdown, some...