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U.S. leading index rises 0.3%

February 18, 2010


The Conference Board's U.S. leading economic index released today rose 0.3% in January from December's reading. It now stands at 107.4 (2004=100).

"The cumulative change in the U.S. [leading economic index] over the past six months has been a strong 9.8 percent, annualized," said Ken Goldstein, economist...


Comsys revenue down 2%

February 18, 2010


Comsys IT Partners Inc. (NASD: CITP), now being acquired by Manpower Inc. (NYSE: MAN), said Wednesday fourth-quarter revenue fell 2.0% on a year-over-year basis to $172.5 million.

The Houston-based information technology staffing firm had given fourth-quarter revenue guidance of between $170 million...


Latest Staffing Industry Report available

February 18, 2010


The February issue of the Staffing Industry Report is now available.

Staffing Industry Report, Feb. 2010, Vol. XXI, No. 2 Full PDF
*Temps save buyers median 9% of expense
*Fourth quarter includes 15 staffing acquisitions
*U.S. temp help revenue could rise to $163.9 billion in 2018
*Buyers doubt independent...


Randstad's North American revenue slips 13% excluding currency effects

February 18, 2010


Randstad Holding NV, the world's second-largest staffing firm, said fourth-quarter North American revenue fell 20.7%, or 13% excluding the effects of currency exchange, to euro375.0 million (US$537.5 million) from fourth-quarter 2008 revenue of euro472.9 million.

The Netherlands-based company said it...


Bankruptcy, litigation are legal growth areas

February 17, 2010


Bankruptcy and litigation will experience the most growth among all legal areas over the next three months, according to a poll by Robert Half Legal, the legal staffing division of Robert Half International Inc. (NYSE: RHI).

The poll of 300 attorneys found that 32% said bankruptcy/foreclosure will...


Lender acquires 51% stake in ClearPoint

February 17, 2010


ClearPoint Business Resources Inc.'s (OTCBB: CBPR.OB) senior secured lender acquired a majority stake in the firm after ClearPoint defaulted on a loan agreement, the company reported.

Chalfont PA-based ClearPoint operates its iLabor platform, an online service that acts as a broker between staffing...


People: Special Counsel, Integra

February 17, 2010


Special Counsel Inc., a legal staffing firm, announced Jennifer Grossman, executive director of its Detroit office, will serve as executive director of its Cleveland office as well. In addition, it appointed John Scully as business development director at its Cleveland office. Scully was previously...


CEO leaves Supplemental Health Care

February 17, 2010


Supplemental Health Care President and CEO Mike Jacoutot left the company effective Feb. 5.

"I had a real good run at Supplemental Health Care, unfortunately all good things must come to an end," Jacoutot said when contacted by phone on Tuesday.

Jacoutot joined Supplemental in September 2004. He had...


Select says revenue up 4%

February 16, 2010


The Select Family of Companies, a Santa Barbara-based staffing firm, reported full-year 2009 revenue of $1.50 billion, a 3.6% increase over 2008 revenue of $1.45 billion.

Privately held Select announced the revenue number Friday shortly after a proposed merger with Atlas Acquisition Holdings Corp. fizzled....


People: ADP, Korn/Ferry and more

February 16, 2010


Automatic Data Processing Inc. (NASD: ADP) announced that Enrique Salem was elected to its board of directors. Salem is president and CEO of Symantec Corp. ADP, based in Roseland NJ, provides payroll processing, professional employer organization services and other services.

Korn/Ferry International...