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Court dismisses lawsuit against Kenexa

September 29, 2010


Kenexa announced that a lawsuit against the company alleging violations of federal securities laws was dismissed on Monday.

The class action suit had been filed June 11 with the Building Trades United Pension Trust Fund as the named plaintiff.

"We are pleased with the decision of the court to dismiss...


Online job ads rise by 59,900

September 29, 2010


The number of online job ads rose by 59,900 in September to almost 4.3 million, according to a report released today by The Conference Board. Online job ads had fallen by 57,100 in August.

After rapid rises in online job ads in the fourth quarter of 2009 and first quarter of 2010, "labor demand has...


TriNet: Revenue approaching $200 million

September 29, 2010


TriNet announced Monday it is on track to report revenue of more than $200 million in 2010. The San Leandro CA-based PEO reported revenue of $165 million in 2009.

The privately held company also said it repaid a $60 million loan used in its acquisition of Bradenton FL-based PEO Gevity HR Inc. in June...


Research from Staffing Industry Analysts

September 29, 2010


New research now available to corporate members of Staffing Industry includes a Briefing on private equity's investment in Fieldglass Inc., a report on the best and worst metro job markets, an Insight on the NALTO benchmarking survey, a growth update on IT staffing and a growth update on engineering...


Fortune Industries revenue up 17%

September 29, 2010


Fortune Industries Inc. (AMEX: FFI), an Indianapolis operator of PEO services, today reported revenue of $60.7 million in its fiscal year ended June 30, 2010, down 16.8% from the 10 months ended June 30, 2009.

Fortune changed its fiscal year end in 2009 to June 30 from Aug. 31, resulting in a 10-month...


Fieldglass sells majority stake

September 28, 2010


Private equity firm Madison Dearborn Partners LLC is investing more than $200 million to acquire a majority stake in Fieldglass Inc.

Management will retain a "significant" minority stake in the company, according to Fieldglass. The deal is signed but expected to formally close in the next few months....


Consumer confidence falls in September

September 28, 2010


The Conference Board's consumer confidence index fell to a reading of 48.5 in September (1985=100) from August's reading of 53.2.

"September's pull-back in confidence was due to less favorable business and labor market conditions, coupled with a more pessimistic short-term outlook," said Lynn Franco,...


Research: New suit seeks pay for client interviews

September 28, 2010


A new lawsuit has been brought in California against a staffing firm claiming that it owes temporary employees wages and penalties for time spent interviewing at client sites. The new "Legs & Reg Advisor" for September discusses this case, and is now available to corporate members of Staffing Industry...


Paychex revenue up 4%

September 28, 2010


Paychex Inc. (NASD: PAYX), a Rochester NY-based payroll processing firm that also provides PEO and other services, reported Monday that revenue rose 3.6% year-over-year to $518.3 million in its 2011 fiscal first quarter ended Aug. 31.

First-quarter revenue rose 10.1% year-over-year in its human resource...


Office openings: Ashley Ellis, Huxley

September 27, 2010


Ashley Ellis, an information technology staffing firm, announced the opening of a downtown Chicago office to complement its Naperville IL branch. The company also plans to open new branches in Houston and Dallas in the first quarter of next year.

Huxley Associates, a division of SThree PLC, announced...