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Hudson revenue rises 3% in constant currency, notes restructuring charges

February 26, 2015

Hudson Global Inc. (NASD: HSON) reported revenue fell 2.4% in the fourth quarter to $136.7 million, but rose 2.8% on a constant currency basis. Revenue rose 12.9% in constant currency in Hudson’s Asia Pacific division but fell elsewhere. Fourth-quarter gross margin improved to 39.0%.The New York-...


Fannie Mae forecasts GDP growth of 2.9% for US in 2015

February 26, 2015

Economic growth is poised to gain momentum in 2015 and the labor market has started the year on an upbeat note, according to Fannie Mae’s Economic and Strategy Research Group. GDP growth is expected to rise to 2.9% for the full year, up from 2.5% growth in 2014.“Our forecast calls for an increase...


Suspect arrested in $1.86 million staffing firm embezzlement case

February 26, 2015

A former employee accused of embezzling $1.86 million from Orange, Calif.-based Roth Staffing Companies was arrested this week and bail has not been granted, according to Jennifer Simonson, senior VP and general counsel for Roth.According to a criminal complaint filed Feb. 11, Alma Edith Letona,...


CFO survey finds improved confidence

February 26, 2015

CFOs in the US are seemingly more confident now than they were in September, according to the quarterly CFO Outlook Survey conducted by Financial Executives International and Baruch College’s Zicklin School of Business. While employment and wage outlook remains positive, CFOs are fairly concerned...


Jobless claims average rises, total claims up 31,000

February 26, 2015

The US four-week moving average of initial claims for unemployment insurance last week rose by 11,500 to a total of 294,500 from the previous week’s downwardly revised average of 283,000, according to seasonally adjusted numbers released today by the US Department of Labor.The four-week moving av...


Rising to the challenge of data privacy and compliance — Staffing Stream

February 26, 2015

The Edward Snowden controversy (and multiple data breaches of large stores) in the US have highlighted that while you may believe private information is stored securely, there is still the possibility of it being accessed without knowledge or permission, writes Simon Fahie in The Staffing Stream....


AtWork sales revenue up 25% in 2014

February 25, 2015

AtWork Group reported sales revenue rose 25.2% year over year in 2014 to $164 million. The national staffing franchise added 15 new franchise locations during the year.“We are currently showing a trended run rate of 35-plus percent YoY over 2014, so things are looking extremely positive for us in...


Staffing provider Corporate Resource Services to be delisted

February 25, 2015

Corporate Resource Services Inc. (NASD: CRRS), up for possible sale under a deal with its funder, reported it does not plan to appeal a move by the Nasdaq to delist the company, according to a filing with the US Securities and Exchange Commission.The New York-based staffing provider reported a Fe...


OSHA cites staffing buyer for 14 serious violations, staffing firm for three

February 25, 2015

A staffing buyer and staffing firm were cited for violations at a New Jersey facility, the US Department of Labor’s Occupational Safety and Health Administration announced. The agency has an ongoing focus on temporary workers and safety.In Tuesday’s announcement, OSHA reported Bentley Laboratorie...


Spouses of some H-1B visa holders to be allowed to get jobs in US

February 25, 2015

A final rule that will allow some spouses of H-1B visas holders seeking a green card to also hold jobs in the US was announced on Tuesday by the Obama Administration and US Citizenship and Immigration Services.“Allowing the spouses of these visa holders to legally work in the United States makes...