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GDP still contracting, jobless rate to rise

May 18, 2009

Economists estimated U.S. gross domestic product will contract 2.8% in 2009, unemployment will top out at 9.8% in the fourth quarter and the country will continue to shed jobs, according to the second-quarter Survey of Professional Forecasters released Friday by the Federal Reserve Bank of Phil...


Medical Connections revenue, net loss fall

May 18, 2009

Medical Connections Holdings Inc. (OTCB: MCTH.OB), a Boca Raton FL-based healthcare staffing firm, reported first-quarter revenue fell 8.2% year-over-year to $1.5 million, according to a filing with the U.S. Securities and Exchange Commission. The company posted a net loss of $1.5 million compare...


Monster settles SEC charge

May 18, 2009

Monster Worldwide Inc. (NYSE: MWW) agreed to pay a $2.5 million penalty to settle stock backdating charges from the U.S. Securities and Exchange Commission, the SEC announced today. Several former Monster executives have already pleaded guilty or been convicted of backdating charges from incide...


Medical Connections revenue, net loss fall

May 18, 2009

Medical Connections Holdings Inc. (OTCB: MCTH.OB), a Boca Raton FL-based healthcare staffing firm, reported first-quarter revenue fell 8.2% year-over-year to $1.5 million, according to a filing with the U.S. Securities and Exchange Commission. The company posted a net loss of $1.5 million compa...


Hudson Highland receives SEC notice

May 18, 2009

The Hudson Highland Group Inc., a New York-based professional staffing firm, announced Friday it may face an "enforcement action" by the U.S. Securities and Exchange Commission over reporting of sales tax charges and reserves in previous years, according to a filing with the SEC. The company sa...


Korn/Ferry names new CFO

May 18, 2009

Executive search firm Korn/Ferry International Inc. (NYSE: KFY) named Michael DiGregorio as its new executive VP and chief financial officer effective June 1. DiGregorio comes to Korn/Ferry after serving as CFO at St. John Knits International Inc., a women's clothing company. DiGregorio was execu...


Korn/Ferry names new CFO

May 18, 2009

Executive search firm Korn/Ferry International Inc. (NYSE: KFY) named Michael DiGregorio as its new executive VP and chief financial officer effective June 1. DiGregorio comes to Korn/Ferry after serving as CFO at St. John Knits International Inc., a women's clothing company. DiGregorio was exe...


GDP still contracting, jobless rate to rise

May 18, 2009

Economists estimated U.S. gross domestic product will contract 2.8% in 2009, unemployment will top out at 9.8% in the fourth quarter and the country will continue to shed jobs, according to the second-quarter Survey of Professional Forecasters released Friday by the Federal Reserve Bank of Philad...


TeamStaff revenue falls 21%

May 15, 2009

TeamStaff Inc. (NASD: TSTF), a Somerset NJ-based healthcare and administrative staffing firm, reported revenue fell 20.7% year-over-year to $13.7 million in its fiscal second quarter ended March 31. Excluding non-recurring retroactive billings in the year-ago quarter, revenue fell 14.5%. Presiden...


OPD Group in talks over buy

May 15, 2009

London-based staffing firm OPD Group announced it is in discussions with Chairman Peter Hearn over a possible cash offer for all shares of the company at 57 pence per ordinary share of five pence, according to a public filing.