Daily News
ShiftPixy’s revenue jumps in FY 2018, but net loss increases
November 29, 2018Human cloud firm ShiftPixy Inc. (NASD: PIXY) reported revenue rose 72.7% in its fiscal year ended Aug. 31. However, net loss increased year over year.
The Irvine, Calif.-based firm reported operating expenses rose to $20.6 million from $11.2 million in the previous year.
FY 2018 | ... |
TSR’s board rejects buyout offer
November 29, 2018IT staffing provider TSR Inc. (NASD: TSRI) rejected a nonbinding buyout offer from shareholder QAR Industries Inc.
QAR sent TSR a letter earlier this month offering to purchase the company for $6.25 per share in cash for all outstanding common stock of the company it does not already own. QAR and...
Americans expect positive jobs impact from midterm elections: ASA
November 29, 2018The results of the 2018 midterm elections will have a positive impact on employment during the next two years, according to 56% of the US adults polled by the American Staffing Association in its Workforce Monitor report. The same majority of Americans think that the job market has improved since the...
Lawmakers strike deal to double number of H-2B guest worker visas (The Washington Times)
November 29, 2018The number of H-2B visas allowed for temporary nonagricultural workers would rise to 132,000 annually from 66,000 in a deal struck by a key group of lawmakers, The Washington Times reported. The tradeoff is that businesses hoping to use the H-2B visa program will have to submit to strict checks...
Minneapolis area posts lowest jobless rate in October among large US metros
November 29, 2018The Minneapolis-St. Paul-Bloomington area in Minnesota and Wisconsin posted the lowest unemployment rate among all large, US metropolitan areas in October at 2.1%. The Cleveland-Elyria in Ohio posted the highest jobless rate among large metropolitan areas in October at 4.5%.
The lowest unemployment rate...
Jury sides with Tata in anti-American bias case (Bloomberg)
November 29, 2018Bloomberg reported that a federal jury on Wednesday sided with Tata Consultancy Services Ltd. against four former employees who claimed they’d been discriminated against because they aren’t South Asian. The American workers had claimed the India-based IT services provider favored staffing...
No revision in new GDP estimate for US; third-quarter growth remains at 3.5%
November 28, 2018US real gross domestic product grew at an annual rate of 3.5% in the third quarter, according to the second estimate of GDP growth released today by the US Commerce Department. The new estimate is unchanged from the previous estimate.
The general picture of economic growth remains the same; upward revisions...
Employees want holiday bonuses, but survey finds 46% of companies don’t give them
November 28, 2018A bonus ranks as the top item employees would most like from their companies during the holidays, according to the 2018 Holidays at Work Survey commissioned by Spherion Staffing Services.
Forty-one percent ranked a bonus as the number one item they would most like. However, 46% said their company does...
Background screening firm Cisive acquires Asia-based business
November 28, 2018Cisive, a global background screening provider headquartered in Holtsville, NY, purchased the pre-employment screening division of Hong Kong-based Blue Umbrella. The transaction closed Nov. 26; terms were not disclosed.
The pre-employment screening division of Blue Umbrella, under the leadership and direction...
Private equity firm invests in Leadpoint; Employbridge co-founder joins board
November 28, 2018Private investment firm Copley Equity Partners completed a minority investment in Leadpoint Business Services, a staffing provider to blue-collar production environments.
The transaction closed Oct. 1; financial terms were not disclosed. Copley has a minority ownership with co-founders Frank and Diana...