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Most popular staffing stories

February 4, 2008

Here is a list of the most-viewed articles, blogs, and research on the Staffing Industry Analysts' Web site in January. Click on a headline to read the story. 1. For whom the Chimes toll 2. VMS marketplace profile 3. Axium International files for bankruptcy 4. Exotic cars, an actress, and Axium 5...


Manufacturing activity gains momentum

February 1, 2008

Economic activity in the U.S. manufacturing sector picked up in January from December, according to the Institute for Supply Management. Its key purchasing managers' index for manufacturing rose to 50.7 in January from 48.4 in December. It was the highest reading since August. Readings of more th...


Axium assets sold

February 1, 2008

The assets of Axium International Inc. were sold at a bankruptcy auction Thursday to Entertainment Partners for $7.05 million, bankruptcy trustee Howard Ehrenberg said. Axium, which filed for chapter 7 bankruptcy on Jan. 8, at one time owned Ensemble Chimes Global and was one of the top payroll s...


Monster net income rises 15.2%

February 1, 2008

Fourth-quarter net income at Monster Worldwide Inc. (NASD: MNST) rose 15.2% while fourth-quarter revenue increased 18.5%. The operator of the Monster career site posted net income of $45.0 million in the fourth quarter compared with $39.1 million a year ago. Revenue rose to $354.0 million in the...


BRIEFING - JANUARY EMPLOYMENT SITUATION

February 1, 2008

Temp job losses continue Nonfarm sees first loss since 2003 BLS restates history Place and search hiring uptick? Temp job losses continueTemporary help payrolls fell by 9,000 jobs in January, roughly in keeping with the average such loss over the last twelve months. Temporary help payrolls...


Vedior reaches shareholder settlement

February 1, 2008

Vedior NV said it reached an agreement with the Dutch Shareholders Association, the VEB, to pay euro4.25 million (US$6.3 million) to shareholders who sold shares on the morning of Nov. 30 prior to the formal announcement that Randstad Holding NV was in talks to buy Vedior. Shares in Vedior surged...


Manpower fourth-quarter profit falls

February 1, 2008

Manpower Inc. (NYSE: MAN), the world's second-largest staffing company, said fourth-quarter net income fell 19.1% while revenue for the quarter increased by 19.6%. The company said fourth-quarter results include a $4.0 million charge related to a reorganization at its Jefferson Wells subsidiary....


Economic gauge contracts

February 1, 2008

The growth rate for the Economic Cycle Research Institute's forward-looking gauge of the U.S. economy for the week ended Jan. 25 contracted 7.1%. ECRI's weekly leading index level fell to 131.1 from 135.7 in the prior period. The index level measures weekly changes while the growth rate is derive...


Westaff net income falls

February 1, 2008

Fourth-quarter net income at Weststaff Inc. (NASD: WSTF) slipped 53.8% to $1.2 million from $2.6 million in the fourth quarter of 2006. Fourth-quarter revenue at the Walnut Creek CA-based staffing company fell 0.4% to $196.2 million from $196.9 million in the fourth quarter of 2006. Westaff poste...


PEO revenue up 22.2% at ADP

February 1, 2008

Professional employer organization revenue rose 22.2% at Automatic Data Processing Inc. (NYSE: ADP), the Roseland NJ company reported today. Second-quarter PEO revenue was $249.3 million, up from $204.0 million in the same period in the previous year. The number of worksite PEO employees rose 20%...