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Pasona Revenue Falls 3.3%

January 13, 2011

Pasona Group, a Tokyo-based staffing firm, reported revenue fell 3.3 percent in the first six months of its fiscal year to 88.99 billion yen (US$1.06 billion) compared with the same period in the previous fiscal year.

The first six months of Pasona's fiscal year ended Nov. 30, 2010, while its fiscal year...


CDI Names New CEO, Ballou Retires

January 13, 2011

CDI Corp. (NYSE: CDI) President and CEO Roger Ballou retired effective Monday. The role of president and CEO now goes to Paulett Eberhart,

Ballou held the role president and CEO of CDI since October 2001. He previously served as chairman and CEO of Global Vacation Group Inc. and as president and chief...


CEO Confidence Jumps in Q4

January 13, 2011

Confidence among CEOs rebounded in the fourth quarter, according to The Conference Board's measure of CEO confidence.

The measure rose to a reading of 62 in the fourth quarter, up from 50 in the third quarter.

"The bounce back in CEO confidence signals that the cloud of pessimism that prevailed in...


Openings Fall Over Month, Up for Year

January 13, 2011

 U.S. job openings fell by 2.4 percent in November compared to October, but were still up 32.2 percent compared to November 2009, according to seasonally adjusted data released today by the U.S. Bureau of Labor Statistics. The job openings rate -- a measure of job openings compared with total employment...


Manhattan Posts Highest Weekly Wage

January 13, 2011

New York County, home to Manhattan, posted the highest average weekly wage among all large U.S. counties in the second quarter of 2010 at $1,659, the U.S. Bureau of Labor Statistics reported today. Santa Clara County, Calif., recorded the second-highest weekly wage at $1,603.

Horry County, S.C., posted...


IGate to Buy IT Services Firm

January 10, 2011

IGate Corp. struck a deal to acquire a majority stake in Patni Computer Systems Ltd., an IT services firm based in Mumbai, India, in a transaction valued at up to $1.22 billion.

The deal calls for iGate to acquire a 45.6 percent stake in the Patni from its founders as well as a 17.4 percent stake now...


TSR Revenue Rises 4.5%

January 10, 2011

TSR Inc. (NASD: TSR), an information technology staffing firm, reported revenue rose 4.5 percent on a year-over-year basis to $9.8 million in its fiscal second quarter ended Nov. 30.

Gross margin improved to 19.5 percent from 18.0 percent in the year-ago quarter.

TSR reported second-quarter net income...


Yoh Tech Wage Index Rises in Q4

January 10, 2011

The Yoh index of technology wages began rising in the fourth quarter after falling throughout the third quarter. The index, which benchmarks wages in the technology sector, rose 4.3 percent in December alone -- going to a reading of 112.96 from a reading of 108.29 in November.

December's increase was...


Employment Trends Index Edges Up

January 10, 2011

The Conference Board's U.S. employment trends index edged up to a reading of 99.3 in December from 98.5 in November. The index is also up 7.6% from its December 2009 reading.

"The improvement in the employment trends index in recent months suggests employment growth is likely to accelerate moderately...


General Employment revenue rises 62%

December 28, 2010

Fourth-quarter revenue at General Employment Enterprises Inc. (AMEX: JOB) rose 62% on a year-over-year bases to $4.08 million in its fiscal fourth quarter ended Sept. 30, the company reported today.

The Oakbrook Terrace IL-based staffing provider reported a net loss of $122,000 for the fourth quarter...