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Wells Fargo buying Capital TempFunds

February 9, 2009

Wells Fargo & Company signed a deal to acquire Capital TempFunds, a financial services provider to the staffing industry. Terms of the deal were not announced. Capital TempFunds will become part of Wells Fargo's staffing services group, which provides accounts receivable financing to staffing fir...


New firm acquires Black Letter Discovery

February 9, 2009

Callidus Holdings LLC, a newly formed holding company, acquired Black Letter Discovery, a San Francisco-based provider of legal staffing and outsourcing. Callidus includes staffing industry veteran Joseph Amella and Milestone Partners, a St. Davids PA private equity firm. Callidus formed in the f...


Wells Fargo buying Capital TempFunds

February 9, 2009

Wells Fargo & Company signed a deal to acquire Capital TempFunds, a financial services provider to the staffing industry. Terms of the deal were not announced. Capital TempFunds will become part of Wells Fargo's staffing services group, which provides accounts receivable financing to staffing f...


New firm acquires Black Letter Discovery

February 9, 2009

Callidus Holdings LLC, a newly formed holding company, acquired Black Letter Discovery, a San Francisco-based provider of legal staffing and outsourcing. Callidus includes staffing industry veteran Joseph Amella and Milestone Partners, a St. Davids PA private equity firm. Callidus formed in the...


Research from Staffing Industry Analysts

February 9, 2009

Here is the latest research from Staffing Industry Analysts. BRIEFING - Economic indicators update *Most measures show continued, slight improvement in January*But economic indicators still languish in recessionary territory*Initial unemployment claims surge at month's end


Employment index declines at 1974 rate

February 9, 2009

The Conference Board's employment trends index is falling at the fastest rate since the 1974 recession, said Gad Levanon, the organization's senior economist. The index fell 1.0% to 96.6 in January from December's revised figure of 97.5. And it's down 18.6% from a year ago. "Such declines sugge...


Employment index declines at 1974 rate

February 9, 2009

The Conference Board's employment trends index is falling at the fastest rate since the 1974 recession, said Gad Levanon, the organization's senior economist. The index fell 1.0% to 96.6 in January from December's revised figure of 97.5. And it's down 18.6% from a year ago. "Such declines suggest...


CDI lowers guidance

February 9, 2009

CDI Corp. (NYSE: CDI) said today it expects to report a fourth-quarter revenue decline of between 15% and 16% from the same period a year ago (9% on a constant currency basis). It previously estimated a revenue decline of between 9% and 12% (or 4% to 6% on a constant currency basis). In additio...


Administaff revenue rises 5.9%

February 9, 2009

Administaff Inc. (NYSE: ASF) reported a 5.9% increase in fourth-quarter revenue to $426.0 million. The Kingwood TX-based professional employer organization said revenue got a boost from a 2.9% increase in the average number of worksite employees paid per month and a 3.0% increase in revenue per w...


Administaff revenue rises 5.9%

February 9, 2009

Administaff Inc. (NYSE: ASF) reported a 5.9% increase in fourth-quarter revenue to $426.0 million. The Kingwood TX-based professional employer organization said revenue got a boost from a 2.9% increase in the average number of worksite employees paid per month and a 3.0% increase in revenue per...