Noor Staffing Group acquires The Legal Group

SearchPointNY, a subsidiary of Noor Staffing Group LLC, acquired The Legal Group Inc., a Florida-based recruiting and staffing firm targeting the legal and professional services industries. 

The transaction widens Noor Staffing’s national depth and breadth and expands The Legal Group’s service...

Beige Book: Stable labor market, modest employment growth

Labor market conditions remained stable from mid-May through the end of June, according to the Federal Reserve’s Beige Book report released Wednesday. Employment continued to grow modestly since the previous report and wage pressures remained modest to moderate.

The Beige Book, a collection of observations...

Tata revenue rises 8% in US dollars

Tata Consultancy Services' revenue rose 8.1% year over year to $4.36 billion in its fiscal first quarter ended June 30, the IT services company reported in US dollars. Net income also rose, up 4.7% to $940 million.

Jobless claims, index point to sustained economic strength (Reuters)

The number of Americans filing for unemployment benefits unexpectedly held steady near a 43-year low last week, pointing to further momentum in the labor market after job growth surged in June, Reuters reports. Another report, the US Bureau of Labor Statistics’ producer price index, showed producer...

IT job growth outpaces overall workforce despite deceleration

The number of IT jobs in the US edged up 0.2% in June from May to more than 5.1 million, and the year-over-year increase was 3.7%, reported TechServe Alliance, an association of IT and engineering staffing companies.

“Despite the deceleration, the growth rate for IT employment on a year-over-year basis...

Lyons HR acquires Nashville PEO firm

Lyons HR acquired Aabakus Inc., a professional employer organization based in Nashville, Tenn., effective June 30. The transaction expands Lyons HR's footprint to the Nashville employment market.

Terms of the transaction were not disclosed. The Aabakus brand will transition to Lyons HR; President and...

Alterna Legal appoints CEO

Alterna Legal, a legal staffing and placement firm based in the San Francisco Bay Area, appointed Mats Goebels as CEO, effective July 1. This is a new position within the firm, which launched in January 2015.

Goebels will guide Alterna through its next phase of development as the company continues to...

Legal actions hit staffing firms, buyers

A plastic products manufacturer and its staffing provider will pay more than $1.4 million in back wages and damages for failing to properly pay overtime, the US Department of Labor announced Tuesday. And two other staffing providers in Florida and Texas came under fire from regulatory agencies.

In one...

Lyft is losing $50 million per month (Fortune)

According to reports, Lyft is losing as much as $50 million per month. When asked about that high sum, President John Zimmer, said, “I would use the word ‘investing,’” Fortune reports. Lyft believes there is a trillion-dollar opportunity in the “transportation-as-a-service” market. The...

US CEOs earned less in 2015, but dip is temporary (The Guardian)

The top 350 US CEOs earned 5.1% less last year than in 2014, earning an average of $15.5 million, report from the Economic Policy Institute reviewed by The Guardian. After analyzing pay packages – including salaries, bonuses, incentive payouts and stock options – of chief executives at the top 350...