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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...

Canada adds 17,900 jobs in March

April 9, 2010

Canada added 17,900 jobs in March bringing total employment to 16.96 million, according to seasonally adjusted numbers released today by Statistics Canada. The unemployment rate in March was unchanged from February at 8.2%.

The job gains were in part-time jobs. Canada added 32,200 part-time jobs in...

People: SFN Group, RiseSmart

April 9, 2010

SFN Group Inc. (NYSE: SFN) named retired Brigadier General Lawrence Gillespie Sr. to its board of directors. Gillespie has more than 30 years of leadership experience in the aerospace and security industries and as a general officer in the U.S. Army.

RiseSmart, a San Jose CA-based outplacement firm,...

What determines a staffing firm's value?

April 9, 2010

That question and more are answered in a report on M&A best practices, included in the latest edition of the Staffing Industry Report newsletter released today.

Also, contained in the issue are:
*Highest bang-to-buck marketing tactics
*Healthcare reform fees are key concern
*How do you buy or sell a...

MSN calls in restructuring specialist

April 9, 2010

Medical Staffing Network Holdings Inc. (OTCBB: MNSW.PK) hired a chief restructuring officer, according to a filing with the U.S. Securities and Exchange Commission on Thursday. The company also signed a second forbearance agreement with its first lien lenders, with which it's in default.

However, the...

TSR revenue falls 8%

April 9, 2010

TSR Inc. (NASD: TSRI), a Hauppauge NY-based information technology staffing firm, reported revenue fell 8.1% year over year to approximately $9.0 million in its fiscal third quarter ended Feb. 28.

The company had 217 consultants on billing with customers in the quarter compared with 250 consultants...

IRS releases form for employer tax credit

April 8, 2010

The IRS announced Wednesday a new form to help employers claim payroll tax breaks for hiring workers under the Hiring Incentives to Restore Employment (HIRE) Act signed by President Obama on March 18.

Employers may qualify for an exemption from the 6.2% employer's share of Social Security tax on wages...