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Select eyes Westaff buy

November 3, 2008

Koosharem Corp., which does business as the Select Family of Companies, expressed interest in purchasing Walnut Creek CA-based Westaff Inc. (NASD: WSTF), according to a filing with the U.S. Securities and Exchange Commission. Koosharem made three previous offers to buy Westaff, according to the f...


U.S. manufacturing at lowest level since 1982

November 3, 2008

Economic activity in the U.S. manufacturing sector in October slid to its lowest level since September 1982, the Institute for Supply Management (ISM) reported. The ISM's key purchasing managers' index for manufacturing, released today, had a reading of 38.9 in October, down from 43.5 in Septembe...


Administaff revenue rises 10.1%

November 3, 2008

Administaff Inc. (NYSE: ASF) reported a 10.1% increase in third-quarter revenue to $421.9 million from $383.4 million in the same period last year. The Houston-based professional employer organization posted a 6.1% increase in the average number of worksite employees paid per month and a 3.7% inc...


Cross Country revenue falls

November 3, 2008

Cross Country Healthcare Inc. (NASD: CCRN) reported a 4% decline in third-quarter revenue to $178.1 million compared with the same period a year ago. The Boca Raton FL-based healthcare staffing firm said nurse and allied healthcare staffing revenue fell as did clinical trials services revenue. On...


Medical Staffing Network is restructuring

October 31, 2008

Medical Staffing Network Holdings Inc. (NYSE: MRN) announced Thursday that it is realigning its per diem branch network. The company will increasingly focus on expanding its local contract business, which now amounts to 25% of its per diem division's revenue. In addition, with six new vendor man...


Nursefinders adopts a new name

October 31, 2008

Arlington TX-based healthcare staffing provider Nursefinders Inc. has changed its corporate name to Medfinders Inc. to reflect the broadening scope of its service offerings. It will continue doing business through its various brands, namely: Nursefinders for local nuse staffing; Nursefinders Ho...


Spherion 3Q08 revenue up 9.5%

October 31, 2008

Third quarter revenue for Spherion Corp. (NYSE:SFN) was up 9.5% to $542 million compared with $495 million last year. On an organic basis, revenue fell 11.4%. Net income for the quarter ended Sept. 30 was $4.1 million compared with $9.0 million in the prior year. Gross profit for the quarter wa...


AMN revenue up 5% in 3Q08

October 31, 2008

AMN Healthcare Services Inc. (NYSE: AHS) posted revenue of $315 million for the quarter ended Sept. 30. This number was up 5% over last year but slightly below company guidance. Net income for the quarter was down 21% on a year-over-year basis to $9.5 million. Gross margin was 25.7%, slipping f...


TechTeam up 8.5% in 3Q08

October 31, 2008

TechTeam Global, Inc. (NASD: TEAM), a provider of information technology staffing, enterprise support and business process outsourcing services, reported revenue of $64.2 million for the quarter ended Sept. 30, up 8.5% from the same period in 2007. Net income for the quarter was $1.9 million, d...


On Assignment beats esitmates in 3Q08

October 30, 2008

Professional staffing firm On Assignment Inc. (NASD:ASGN) reported revenue of $161.9 million for the quarter ended Sept. 30. Revenue was up 8.9% from the third quarter of 2007. The company chalked up net income of $6.9 million for the quarter, up 113% from the same period in 2007. Net income f...