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British staffing firm merger completes

May 12, 2008

Two British staffing firms completed their merger last week and began trading publicly in the United Kingdom as Impellam Group PLC. The company would have had combined revenue approaching GBP1 billion (almost US$2.00 billion) in 2007, according to a regulatory filing. Impellam is a combination of...


TeamStaff regains Nasdaq compliance

May 12, 2008

TeamStaff Inc. (NASD: TSTF) said it was back in compliance with Nasdaq rules following a reverse stock split. The company said a letter from Nasdaq indicated the matter is now closed. TeamStaff reported in January that it received a delisting notice from the Nasdaq because its shares didn't meet...


Acquisition boosts CBS revenue

May 12, 2008

First-quarter revenue rose 74.3% to $236.0 million at CBS Personnel Holdings Inc. from $135.4 million in the first quarter of last year, according to a filing with the U.S. Securities and Exchange Commission by its parent company, Compass Diversified Holdings (NASD: CODI). Gross margin slipped to...


Research from Staffing Industry Analysts

May 12, 2008

Here is a list of research reports released last week by Staffing Industry Analysts as well as citations to other research. INSIGHT - Best practices in locum tenens staffing This Insight directs readers to a presentation transcript entitled, "Best Practices in Locum Tenens." The document provides...


Canadian employment rises by 19,200

May 9, 2008

Canada added 19,200 jobs in April for a total of 17.1 million, Statistics Canada reported today. The nationwide unemployment rate, however, rose to 6.1% from 6.0% in March. Employment increased in the accommodation and food services industry as well as in construction, according to the agency. On...


TechTeam Global profit rises

May 9, 2008

First-quarter net income at TechTeam Global Inc. (NASD: TEAM) rose to $1.7 million, up 87.1% from $904,000 in the same period last year. Revenue at the Southfield MI-based information technology services and staffing company rose to $66.0 million in the first quarter, up 42.8% from $46.2 million...


Index recovering, but still recessionary

May 9, 2008

The growth rate for the Economic Cycle Research Institute's weekly leading index (WLI) level of the U.S. economy for the week ended May 2 improved to 133.5 from the prior period's reading of 131.8. Higher index levels indicate strengthening of the economy. "While WLI growth has recovered to a 14-...


Taleo buys Vurv Technology

May 9, 2008

Human resources software company Taleo Corp. (NASD: TLEO) announced this week it struck a deal to buy Vurv Technology Inc., a talent management software company based in Jacksonville FL. Taleo will pay $128.8 million in cash and stock. The deal is set to close by the end of the second quarter. Th...


Cross Country profit increases 22%

May 8, 2008

First-quarter net income at Cross Country Healthcare Inc. (NASD: CCRN) rose 22% to $5.9 million from $4.8 million in the same period last year. The Boca Raton FL-based healthcare staffing firm's first-quarter revenue rose 2% to $179.3 million from $176.1 million in the first quarter of 2007. Gros...


Medical Staffing Network swings to profit

May 8, 2008

Medical Staffing Network Holdings Inc. (NYSE: MRN) posted a first-quarter profit of $776,000 compared with a loss of $69,000 in the first quarter of 2007. First-quarter revenue at the Boca Raton FL-based company rose 60.4% to $145.2 million from $90.5 million in the same period last year. Gross m...