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Select says revenue up 4%

February 16, 2010

The Select Family of Companies, a Santa Barbara-based staffing firm, reported full-year 2009 revenue of $1.50 billion, a 3.6% increase over 2008 revenue of $1.45 billion. Privately held Select announced the revenue number Friday shortly after a proposed merger with Atlas Acquisition Holdings Cor...


People: ADP, Korn/Ferry and more

February 16, 2010

Automatic Data Processing Inc. (NASD: ADP) announced that Enrique Salem was elected to its board of directors. Salem is president and CEO of Symantec Corp. ADP, based in Roseland NJ, provides payroll processing, professional employer organization services and other services. Korn/Ferry Internati...


Fortune revenue slips 12%

February 16, 2010

Fortune Industries Inc. (AMEX: FFA), an Indianapolis-based provider of professional employer organization services, said revenue fell 11.7% to $15.0 million in its fiscal second quarter ended Dec. 31, 2009, compared with $17.0 million in the second quarter of last year. Second-quarter gross marg...


TeamStaff revenue falls 10%

February 16, 2010

TeamStaff Inc. (NASD: TSTF), a Somerset NJ-based staffing firm with a focus on serving the government, said in-sourcing of some positions under its existing government contracts and overtime restrictions cut into revenue. TeamStaff's revenue fell 10.2% to $10.8 million in its fiscal first quarte...


Stronger GDP growth expected in 2010

February 12, 2010

Economists are projecting stronger growth than anticipated over the next three quarters, according to the first quarter 2010 Survey of Professional Forecasters released today by the Federal Reserve Bank of Philadelphia. However, this upward revision comes at the expense of slower growth at year...


Staffmark announces new leader

February 12, 2010

Staffmark, a Cincinnati-based staffing firm, named Lesa Francis as president. Francis joined Staffmark in 2006 as chief operating officer, and will hold that title as well as president. She served as senior VP of business development and operations at Spherion Corp. (NYSE:SFN) and has more than...


Technical difficulties in SIA's Daily News

February 12, 2010

  The Staffing Industry Daily News e-mail system is experiencing technical difficulties. However, daily news is updated each business day on Staffing Industry Analysts' Web site, www.staffingindustry.com. Work to fix the difficulties continues. In the meantime, we apologize for the inconvenience...


Atlas shareholders terminate merger with Select

February 12, 2010

Atlas Acquisition Holdings Corp. announced today the termination of its proposed merger with Koosharem LLC that does business as Select Staffing. Privately held Select Staffing had revealed its plans to become a public company in December. The 11th-largest U.S. staffing firm was to merge with A...


Medical Staffing Network talks with lenders over default

February 12, 2010

Medical Staffing Network Holdings Inc. (OTCBB: MNSW.PK) said it is in discussion with lenders over a default, but hopes to reach new agreements, according to a filing on Feb. 1 with the U.S. Securities and Exchange Commission. A previous forbearance agreement expired Feb. 1, and the company exp...


Administaff revenue falls 7%

February 11, 2010

Fourth-quarter revenue fell 7.1% at Administaff Inc. (NYSE: ASF) to $395.9 million from $426.0 million in the same period last year. The Kingwood TX-based professional employer organization reported that average number of worksite employees paid per month in the fourth quarter fell 9.9% while re...