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Names in the News

February 28, 2011

Nelson Family of Cos. and WorkforceLogic announced Ron Mester has been elected to the board of directors. Mester is president and CEO of LTBL, an information services company. Prior to that, Mester was president and CEO of Staffing Industry Analysts, which publishes the Daily News, for eight years.

Canada's Fourth-Quarter GDP Rises

February 28, 2011

Canada's real gross domestic product (GDP) rose 0.8 percent in the fourth quarter, Statistics Canada announced today.
Led by exports, the fourth-quarter growth follows a 0.4 percent gain in the third quarter, revised upward from a previously announced 0.3 percent. Real GDP rose 0.5 percent in December...

GDP Rose 2.8% in 2010

February 25, 2011

U.S. real gross domestic product increased at an annual rate of 2.8 percent in the fourth quarter, according to a second estimate released today by the U.S. Department of Commerce. The second estimate is down from an advance estimate of 3.2 percent.

GDP rose 2.6 percent in the third quarter, 1.7 percent...

Analysts International Revenue Falls 5%

February 25, 2011

Analysts International (NASD: ANLY) reported fourth-quarter revenue fell 4.8 percent on a year-over-year basis to $25.3 million. The company also appointed Brittany McKinney president and CEO. She has been acting as interim president and CEO since Andrew Borgstrom resigned in September 2010.


GTEC's Services Revenue Rises 23%

February 25, 2011

Global Services Technology & Systems (NASD: GTEC) announced fourth-quarter services revenue of $31.3 million, an increase of 22.8 percent year over year for the quarter ended Dec. 31, 2010. GTEC's services include information technology staffing and solutions for national security agencies and programs...

Broadlane VMS Lifts MedAssets Revenue

February 25, 2011

MedAssets Inc.'s (NASD: MDAS) acquisition of The Broadlane Group, which provides a VMS to the healthcare industry, helped boost revenue.

Fourth-quarter revenue rose 22.8% on a year-over-year basis to $48.2 million in the company's "spend and clinical resource management" segment. MedAssets said...

SK3 Acquires PRN Registry

February 25, 2011

SK3 Group Inc. (OTCBB: SKTO.PK) has acquired PRN Registry, a nurse and therapist staffing firm based in Los Angeles and serving Southern California. The acquisition marks SK3's first foray into the staffing industry. SK3 plans to acquire more companies to widen its reach in healthcare services, the company...

Unemployment Highest in the West

February 25, 2011

The annual average U.S. unemployment rate was 9.6 percent in 2010, the U.S. Bureau of Labor Statistics reported, up from 9.3 percent in 2009. Average annual unemployment rates rose in 31 states and Washington D.C, the BLS said, while the rates fell in 18 states and remained flat in one.

The West, at 11.1...

On Assignment Buys Belgium-Based Firm

February 25, 2011

On Assignment Inc. (NASD: ASGN) yesterday reported its purchase of Valesta, a European provider of specialized staffing in clinical research, for euro12.8 million (US$17.6 million) with a three-year earn-out possibility of up to euro5.2 million.

The company said the acquisition expands its presence internationally...

Jobless Average, Claims Fall

February 25, 2011

The four-week moving average of initial claims for unemployment insurance was down by 3.9 percent in the week ended Feb. 19, while total initial jobless claims fell by 5.3 percent.

In its weekly report released today, the U.S. Department of Labor announced the four-week moving average of jobless claims...