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Kelly Q4 revenue up, but profit falls 23.8%

January 24, 2008

Fourth-quarter revenue at Kelly Services Inc. (NASD: KELYA) rose 3.8%, beating analysts' estimates. Net income, however, fell 23.8% in the quarter. "Despite continued weakness in the U.S. staffing market, we're pleased that we delivered solid profitable results," President and CEO Carl Camden sa...


MPS Group buys ECG

January 24, 2008

In a surprising move yesterday, MPS Group Inc. (NYSE: MPS) bought Ensemble Chimes Global in bankruptcy court and plans to operate the system. Bankruptcy trustee Howard Ehrenberg said MPS will pay $8,075,000 for the company. The court proceedings Wednesday attracted a number of staffing firms. "T...


AccountAbilities moves to trade on OTC

January 24, 2008

AccountAbilities Inc. (Pink Sheets: ACBT.PK), a Manalapan NJ-based provider of financial staffing, said it's moving to arrange for a ticker symbol to trade its stock on the OTC Bulletin Board and terminating its merger plans with Hyperion Energy Inc. The company said Wednesday it filed a form 10...


CBS completes Staffmark deal

January 23, 2008

CBS Personnel Holdings Inc. said today it completed its purchase of Little Rock AR-based staffing firm Staffmark. The companies announced the deal on Dec. 19. The price included approximately $80 million in cash to retire Staffmark's debt and approximately $47.9 million of CBS stock, according to...


CIBER says Q4 revenue higher than forecast

January 23, 2008

Information technology staffing and services firm CIBER Inc. (NYSE: CBR) posted fourth-quarter revenue of approximately $290 million, according to preliminary results released Wednesday by the company. CIBER originally forecast fourth-quarter revenue of $262 million to $268 million, and cited gro...


Ex-Monster CEO settles with SEC, company

January 23, 2008

The former chairman and CEO of Monster Worldwide Inc. (NASD: MNST), Andrew McKelvey, settled a stock options backdating case with the U.S. Securities and Exchange Commission, the agency announced today. Monster also announced that it reached a settlement with McKelvey calling for him to pay the c...


Spherion raises earnings estimates

January 23, 2008

Spherion Corp. (NYSE: SFN) raised its revenue estimates for the fourth quarter to between $578 million and $583 million including the impact of its Technisource Inc. acquisition. The company also said it completed the integration of Todays Staffing, which it acquired from CDI Corp. (NYSE: CDI) fo...


ECG sale was set for today

January 23, 2008

A hearing on the sale of Ensemble Chimes Global was schedule for 10 a.m. (Pacific Time) today. Barry Olson, the former president of Chimes, is the opening bidder and has already begun operating the ECG system, according to the bankruptcy trustee. The initial bid price is $7.5 million, and Olson h...


Medical Connections buys Medical Staffing Direct

January 23, 2008

Healthcare staffing firm Medical Connections Holdings Inc. (OTCBB: MCTH.OB) said it struck a deal to buy the assets of Medical Staffing Direct, a Florida-based medical staffing company. The assets include $500,000 in cash and receivables, as well as hospital contracts. Medical Staffing Direct pro...


Analysts International cuts jobs, takes $17 million charge

January 23, 2008

Analysts International Corp. (NASD: ANLY) reduced its workforce by 70 positions and said it will take a charge of up to $17 million in the fourth quarter for impairment of goodwill and other assets. The moves are part of a plan by the company to return to profitability. The company said it's also...