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Volt gets time extension

May 12, 2010

Volt Information Sciences Inc. (NYSE: VOL) said it reached agreements with lenders to extend its deadline for filing financial statements for its fiscal year ended Nov. 1, 2009.

The company now has until Dec. 31, 2010, to file financial statements with the U.S. Securities and Exchange Commission. Lenders...

Research from Staffing Industry Analysts

May 12, 2010

The Daily News is just a small part of what Staffing Industry Analysts produces. New research available for corporate members includes reports on which staffing firms are placing independent contractors, how much business staffing firms should be receiving from smaller buyers, U.S. economic indicators...

Kelly Services revenue rises 8%

May 12, 2010

First-quarter revenue rose 8.4% at Kelly Services Inc. (NASD: KELYA) to $1.13 billion. The third-largest U.S. staffing firm, it had reported revenue of $1.04 billion in the first quarter of last year.

"The global economy and the labor markets are showing very encouraging signs of life," Kelly President...

Management buys Albany's U.S. operations

May 11, 2010

Albany Services Inc. announced a management buyout from its former parent company. The acquisition includes all current U.S. operations and staff, as well as those in Canada, Mexico and Puerto Rico.

The U.S. operation was originally founded in 1992.

"We have a long history of successfully providing...

M Squared names new CEO

May 11, 2010

M Squared Consulting named John Kunzweiler as its new CEO effective immediately.

Kunzweiler takes over from Marion McGovern, M Squared's founder.

Kunzweiler previously served at Accenture for 26 years, and held leadership roles at the organization before leaving in 2005. Since then he has served as...

RCM Technologies revenue rises 5%

May 11, 2010

First-quarter revenue rose 5.1% at RCM Technologies Inc. (NASD: RCMT) to $49.1 million from $46.7 million in the first quarter of last year amid strength in its engineering business.

Gross margin improved to 25.9% in the first quarter compared with 22.7% in the year-ago quarter.

Net income fell 68.1%...

Medical Staffing Network revenue falls 27%

May 11, 2010

Medical Staffing Network Holdings Inc. (OTCBB: MSNW.PK) announced first-quarter revenue fell 27.0% to $72.0 million from $98.6 million in the year-ago quarter.

The Boca Raton FL-based healthcare staffing firm reported nurse staffing revenue fell 28.4% in the first quarter to $60.9 million from $85.0...

Temp Holdings, Kelly announce alliance

May 11, 2010

Temp Holdings Co. Ltd., a Japan-based staffing firm, and Kelly Services Inc. (NASD: KELYA) announced a strategic alliance today with Temp Holdings acquiring 4.8% of outstanding class A shares of Kelly.

Temp Holdings is paying $15.42 per share in the deal for $24.3 million.

In addition, Toshio Saburi,...

Monthly Pulse Survey now open

May 11, 2010

The Staffing Industry Monthly Pulse Survey is now open. Those taking part will receive results from the survey. However, participants must complete the survey by 11 a.m. Pacific time on May 20.

To go to the survey, click here.

Job openings and hires rise in March

May 11, 2010

U.S. job openings rose by 0.9% on a year-over-year basis in March to approximately 2.69 million, according to numbers released today by the U.S. Bureau of Labor Statistics. The job openings rate was unchanged at 2.0% from a year ago.

The number of hires rose 7.8% on a year-over-year basis to 4.24 million...