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Mastech revenue slips, gross margin up

February 3, 2010

Mastech Holdings Inc. (AMEX: MHH) reported a 32.5% year-over-year decline in fourth-quarter revenue, but cited an improving economic environment and an increase in gross margin.

Fourth-quarter revenue at the Pittsburgh-based information technology staffing firm fell to $15.6 million from $23.1 million...

Staffing firm owner pleads guilty in tax case

February 3, 2010

The former owner of a Texas staffing firm pleaded guilty to tax evasion in not paying more than $1 million in employment taxes, according to the U.S. Attorney's Office for the Southern District of Texas.

Priscilla Ann Clues, former owner of Exclusive Temporaries Inc. in Houston, did not pay employment...

Spherion pays $46 million for Tatum

February 2, 2010

Spherion Corp. (NYSE: SFN) announced Monday it acquired Tatum LLC, an Atlanta-based firm that provides chief financial officer staffing as well as CFO-related services and consulting, for $46 million.

Professional services will account for 44% of Spherion's total revenue after the deal, according to...

PEO revenue rises 9% at ADP

February 2, 2010

Professional employer organization revenue at Automatic Data Processing Inc. (NASD: ADP) rose 9.0% to $311.2 million in its fiscal second quarter ended Dec. 31, 2009, compared with $285.4 million in the same period last year.

ADP reports PEO revenue net of direct pass-through costs such as wages and...

Manpower fourth-quarter revenue falls 4%

February 2, 2010

Manpower Inc. (NYSE: MAN), which also announced plans to buy Comsys IT Partners Inc. (NASD: CITP), said today fourth-quarter revenue fell 3.9% to $4.41 billion on a year-over-year basis. Revenue slipped 11.6% on a constant currency basis.

Manpower, the world's third-largest staffing firm, still cited...

Manpower to buy Comsys

February 2, 2010

Manpower Inc. (NYSE: MAN) announced today it plans to buy Comsys IT Partners Inc. (NASD: CITP) for $17.65 per share for a total enterprise value of $431 million. Manpower will pay half in cash and half in shares but has the option to pay all in cash.

The deal is expected to close in April.

Comsys, a...

Diversant LLC forms from IT staffing merger

February 2, 2010

Diversant Inc. and Info Technologies Inc., New Jersey-based information technology staffing firms, merged to form Diversant LLC, the combined firm announced Monday. If combined in 2009, the companies would have had approximately $50 million in revenue.

The combined company is also certified as a minority-owned...

The Reserves Network names new CFO

February 2, 2010

The Reserves Network, a Fairview Park OH-based staffing firm, promoted Nicholas Stallard to CFO. Stallard previously served as director of finance.

In his new role, Stallard will assume the responsibilities of financial planning and forecasting, treasury functions and accounting.

Stallard joined The...

Oklahoma City posts lowest jobless rate

February 2, 2010

The Oklahoma City OK metropolitan area posted the lowest jobless rate, 6.0%, in December among all U.S. metropolitan areas with populations of 1 million or more, the U.S. Bureau of Labor Statistics reported today.

Next lowest was the Washington DC area with a jobless rate of 6.2%.

The large metropolitan...

Hudson: Temp markets improve

February 1, 2010

The Hudson Highland Group (NASD: HHGP) reported improvements in temporary staffing and permanent placement in almost all its markets in the fourth quarter. The New York-based staffing firm expects to report an 8% increase in fourth-quarter revenue compared to the third quarter.

Hudson said it also expects...