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Staffmark parent prices public offering

April 13, 2010

Staffmark's parent company, Compass Diversified Holdings (NASD: CODI), announced today it priced a public offering of 6.4 million shares at $15.10 each. The company said it expects to raise $73.4 million net of underwriting discounts and commissions.

Compass Diversified plans to use the proceeds for...

Will workers stay?

April 13, 2010

There's a disparity between how many employees say they plan to seek new jobs and employers' estimates of how many workers will stay, according to surveys by Manpower Inc. (NYSE: MAN).

A recent Manpower survey of 2,000 North American hiring managers found that 80% of hiring managers expect less than...

Firm invests $12 million in SeatonCorp

April 13, 2010

Prospect Capital Corp. announced today it invested $12.3 million in secured debt in SeatonCorp.

Prospect's investment is a second lien loan. Seaton is owned by Leeds Equity Partners, a New York-based private equity firm.

Chicago-based SeatonCorp's operations include Staff Management, its high-volume,...

Pulse Survey closing next week

April 13, 2010

Interested in learning the pulse of the U.S. staffing industry? Participate in Staffing Industry Analysts' Monthly Pulse Survey to receive a 30-page report of sector-by-sector and segment-by-segment revenue trends.

There is no cost to participate, but the deadline for this month's survey is 11 a.m....

Blog: Name that staffing firm

April 13, 2010

The first quarter saw an unusually high number of staffing firms adopt new names. Staffing Industry Report Senior Editor Craig Johnson writes about the trend in The Contingent Blog. For the full blog, click here.

Command Center revenue falls 35%

April 12, 2010

Command Center Inc. (OTCBB: CCNI.PK) reported full-year 2009 revenue fell 34.9% to $51.6 million.

The Post Falls ID-based commercial staffing firm said primary causes of the revenue drop included the weak economy and a reduction in the number of stores to 50 at the end of 2009 from 57 at the end of...

FTC wants more info on Monster's HotJobs buy

April 12, 2010

Monster Worldwide Inc. (NYSE: MWW) reported it received a request for more information from the U.S. Federal Trade Commission regarding its proposed acquisition of Yahoo HotJobs.

Monster struck a deal to buy HotJobs from Yahoo on Feb. 3 for $225 million in cash.

The request, referred to as a "second...

Ciber CEO retires, CFO takes on interim role

April 12, 2010

Ciber Inc. (NYSE: CBR) President and CEO Mac Slingerlend retired, the company announced today. Executive VP and CFO Peter Cheesbrough will fill in as interim president and CEO.

The Greenwood Village CO-based information technology solutions and staffing firm also said company founder Bobby Stevenson...

Blog: What's next for IT staffing firms?

April 12, 2010

Things are picking up for information technology staffing firms, but the list of challenges remains long. The industry appears to have grown little in the past 10 or 12 years -- 2009's estimated IT staffing revenue of $15.8 billion was flat compared with 1997's estimated revenue of $15 billion. Senior...

Contract watch: ICon

April 9, 2010

ICon Professional Services, a Foster City CA-based independent contractor compliance and payrolling firm, said its online independent contractor compliance tool is now being made available by accounting firm KPMG to its customers.

ICon President Patricia Griffin said her firm and KPMG had been in talks...