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Service-sector activity slows further

March 4, 2009

Economic activity in the U.S. service sector declined at a faster pace in February than in January, the Institute for Supply Management reported today. Its nonmanufacturing index fell to a reading of 41.6 in February from 42.9 in January. Only index readings above 50 indicate expansion. The Wall...


Staffing firm buys research company

March 4, 2009

ASG Inc., a Cary NC-based clinical staffing and services firm, announced it acquired Ockham Development Group Inc., a contract research organization, effective Feb. 6. Ockham provides research services but not staffing. Bill Donovan, VP of global business development at ASG, said the acquisition...


Cross Country revenue up, but travel taking hit

March 4, 2009

Fourth-quarter revenue at Cross Country Healthcare Inc. (NASD: CCRN) rose 13.3% year-over-year to $205.9 million reflecting its acquisition of Medical Doctor Associates. However, the market for travel nurse and allied health staffing worsened in the last three months, President and CEO Joseph Bos...


Adecco revenue falls in Q4 and January

March 4, 2009

Adecco SA, the world's largest staffing firm, reported a 14% year-over-year decline in revenue to euro4.63 billion (US$6.53 billion) for the fourth quarter ended Dec. 31. And tough times continued this year. Adecco said January revenue fell 25%. January's decline excludes the impact of currencies...


USG People revenue falls 6%

March 4, 2009

USG People, an Almere, Netherlands-based staffing firm that operates in Europe, reported a 6% decline in fourth-quarter revenue to euro952.0 million (US$1.34 billion). Fourth-quarter gross margin narrowed to 25.3% from 25.9%. USG posted a fourth-quarter net loss of euro77.0 million (US$108.5 mi...


Service-sector activity slows further

March 4, 2009

Economic activity in the U.S. service sector declined at a faster pace in February than in January, the Institute for Supply Management reported today. Its nonmanufacturing index fell to a reading of 41.6 in February from 42.9 in January. Only index readings above 50 indicate expansion. The Wal...


Radia to sell division, cut staff

March 4, 2009

Radia Holdings Inc., a Tokyo-based firm that provides staffing and other services, announced Monday it plans to sell its Premier Line Inc. manufacturing staffing business by June. The company also announced it plans to cut 4,000 reserve workers in its engineering divisions and 500 management staf...


Radia to sell division, cut staff

March 4, 2009

Radia Holdings Inc., a Tokyo-based firm that provides staffing and other services, announced Monday it plans to sell its Premier Line Inc. manufacturing staffing business by June. The company also announced it plans to cut 4,000 reserve workers in its engineering divisions and 500 management st...


Beige Book - Staffing demand weakens

March 4, 2009

"Demand for staffing services weakened considerably" in January and February, according to the U.S. Federal Reserve Beige Book report released Wednesday. The Boston Federal Reserve District reported some staffing services registered year-over-year revenue declines of 20% to 50%. The Chicago and D...


ADP report - U.S. loses 697,000 jobs

March 4, 2009

The U.S. lost 697,000 private-sector nonfarm jobs from January to February on a seasonally adjusted basis, according to the national employment report released today by Automatic Data Processing Inc. (NYSE: ADP). The report revised up the number of jobs lost between December and January by 92,000...