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NESCO may acquire Butler

May 4, 2009

Butler International Inc. (OTCBB: BUTL.PK), an engineering services and staffing firm, announced Friday it is negotiating to be acquired by Cleveland-based NESCO Inc. Butler had been in talks to be acquired by the Select Family of Staffing Companies, but that deal is not going through, accordin...


Research from Staffing Industry Analysts

May 4, 2009

Here is the latest research from Staffing Industry Analysts. BRIEFING - Staffing Industry Stock Index analysis*SISI up 33% in April, up 49% over last two months, highest monthly close since September*Highly cyclical SISI outperforms broader market as favorable economic signs emerge*OK to miss ear...


Online job ads fall by 131,000

May 4, 2009

U.S. online advertised job vacancies fell 131,000 in April to approximately 3.1 million, according to The Conference Board's measure of online help-wanted ads released today. The April loss follows a decline of 6,600 in February and 100,000 in March. However, the declines are smaller than the d...


NESCO may acquire Butler

May 4, 2009

Butler International Inc. (OTCBB: BUTL.PK), an engineering services and staffing firm, announced Friday it is negotiating to be acquired by Cleveland-based NESCO Inc. Butler had been in talks to be acquired by the Select Family of Staffing Companies, but that deal is not going through, according...


Europe - Groupe Crit, Poolia

May 4, 2009

French staffing firm Groupe Crit announced first-quarter revenue fell 29%. Poolia AB, a Stockholm, Sweden-based staffing firm, reported first-quarter revenue fell 1.8%. Groupe Crit announced first-quarter revenue of euro251.4 million (US$332.0 million), down 29% year-over-year. The first quarter...


Administaff revenue edges up 1.3%

May 4, 2009

First-quarter revenue rose 1.3% year-over-year at Administaff Inc. (NYSE: ASF) to $462.0 million. The Kingwood TX-based professional employer organization reported revenue got a boost from a 2.9% increase in revenues per worksite employee, offset by a 1.6% decrease in the average number of worksi...


Administaff revenue edges up 1.3%

May 4, 2009

First-quarter revenue rose 1.3% year-over-year at Administaff Inc. (NYSE: ASF) to $462.0 million. The Kingwood TX-based professional employer organization reported revenue got a boost from a 2.9% increase in revenues per worksite employee, offset by a 1.6% decrease in the average number of work...


Staffing firms may owe in ECG case

May 1, 2009

Staffing firms and other suppliers to former vendor management system Ensemble Chimes Global may have to return monies paid by the VMS up to 90 days before it filed for bankruptcy protection, the bankruptcy trustee in the case announced. Letters, called "inquiries/demand letters for preference,"...


Manufacturing's rate of decline moderates

May 1, 2009

Economic activity in the U.S. manufacturing sector declined in April, but at a slower rate than in March, the Institute for Supply Management reported today. The institute's key purchasing managers' index for manufacturing posted a reading of 40.1 in April, up from 36.3 in March. However, only re...


On Assignment revenue slips, low point seen

May 1, 2009

First-quarter revenue at On Assignment Inc. (NASD: ASGN) fell 23.4% year-over-year to $116.8 million. The company reported a drop in demand for staffing services during the quarter, but said the situation could be turning around. "Although we anticipate demand to be weak in the near term, we ar...