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Source2 revenue rises 32% in Q3

November 16, 2010

Source2, an Orlando FL-based firm that provides RPO, staffing and other services, reported third-quarter revenue rose 32% on a year-over-year basis to $3.5 million.

Third-quarter gross margin rose to 28.6% from 25.7% in the year-ago quarter. The company said its recruitment process outsourcing business...

Survey: Slower GDP growth through 2012

November 15, 2010

A group of 43 economists surveyed by the Federal Reserve Bank of Philadelphia lowered their estimate of growth in U.S. gross domestic product for the fourth quarter as well as for 2011 and 2012.

The forecasters expect GDP to grow by only 2.2% in the fourth quarter, a downward revision from their earlier...

Peopclick Authoria chairman is CEO again

November 15, 2010

Peopleclick Authoria, a provider of a vendor management system and other human resources software, named Charles Jones as CEO and announced other personnel changes on Friday.

Jones had served as chairman at Peopleclick Authoria and will continue in that role while also serving as CEO.

The company also...

Fortune revenue rises 5%

November 15, 2010

Fortune Industries Inc. (AMEX: FFI), an Indianapolis-based operator of PEO services, reported revenue of $15.6 million for its fiscal first quarter ended Sept. 30, 2010, up 5.0% from the same period in the previous year.

The company reported 14,598 worksite employees on Sept. 30 compared to 14,024 in...

Medical Connections revenue up 46%

November 15, 2010

Third-quarter revenue at Medical Connections Holdings Inc. (OTCBB: MCTH.OB) rose 45.8% to $2.3 million from $1.6 million in the third quarter of last year, according to a 10-Q filing with the U.S. Securities and Exchange Commission.

The revenue increase came from the temporary staffing segment, which...

TSR OKs reverse stock split

November 12, 2010

TSR Inc. (NASD: TSRI), a Hauppauge NY-based information technology staffing firm, reported that directors and shareholders approved a one-for-two reverse stock split.

Issued and outstanding common stock will fall to 2,019,094 after the split from 4,038,188.

The reverse stock split is scheduled to be effective...

TechTeam revenue falls 8%

November 10, 2010

TechTeam Global Inc. (NASD: TEAM), which announced a deal last week to be acquired by Stefanini International Holdings Ltd., reported third-quarter revenue fell 8.3% to $46.2 million.

The decrease in revenue was primarily the result of a wind-down of certain contracts in the company’s government solutions...

Kelly Services: Temp demand ‘accelerated’

November 10, 2010

Kelly Services Inc. (NASD: KELA) reported third-quarter revenue rose 22.4% to $1.28 billion from $1.05 billion in the year-ago quarter.

“We’re very pleased that demand for temporary staffing accelerated as global economic expansion persisted and labor markets continued to slowly strengthen,” said...

Job openings and separations fall

November 10, 2010

U.S. job openings fell by 5.3% in September from August, but they were still up 11.6% on a year-over-year basis, according to seasonally adjusted data released Tuesday by the U.S. Bureau of Labor Statistics. The job openings rate – a measure of job openings compared with total employment – was 2.2%...

Industry’s pulse now being taken

November 10, 2010

Staffing Industry Analysts opened the monthly Pulse survey and participating staffing firms will receive a 30-page report to help them benchmark their results compared to other firms. The survey aims to take a snapshot of the state of the staffing industry. Participation is confidential and free.

To go...