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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...

Largest temp VMS adds customers

February 1, 2010

Fieldglass Inc., a Chicago-based vendor management system provider, said it acquired 33 new customers in 2009, bringing its total customers to more than 100.

Fieldglass said growth came as large companies became more aware of the increased complexity in procurement of labor and services. It expects...

Manufacturing's growth picks up speed

February 1, 2010

The Institute for Supply Management's key purchasing managers' index for manufacturing reached its highest level in January since August 2004.

January's index reading of 58.4 marked an increase in the rate of expansion in the manufacturing segment over December's reading of 54.9. Readings of more than...

Report finds most online job ads since 2008

February 1, 2010

The number of online job ads rose by 382,000 in January to more than 4.0 million. This is the first time the number has exceeded 4.0 million since November 2008, according to The Conference Board's measure of online help-wanted ads released today.

"The last three months have shown a sharp upturn in...

Tapfin wins tentative New York contract

January 29, 2010

Tapfin, a division of Comsys IT Partners Inc. (NASD: CITP), announced a tentative contract award from the New York State Chief Information Officer and Office for Technology to serve as a managed services provider.

"The contract is expected to generate millions in savings statewide by aggregating IT...