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Stratum sells construction staffing business
October 30, 2007Stratum Holdings Inc. (OTCBB: STTH) is selling its construction staffing subsidiary Tradestar Construction Services Inc. Stratum didn't disclose the name of the buyer but said it was a private construction staffing firm. Tradestar operates staffing centers in
Spherion net income rises 13.4%
October 30, 2007Spherion Corp.'s (NYSE: SFN) third-quarter profit rose 13.4%. The Fort Lauderdale FL-based staffing company posted net income of $9.5 million in the third quarter, compared with $8.4 million in the same period last year.
Gross margin improved to 24.0% from 23.3%.
"We are very pleased with our third-quarter...
National Home Health net income down
October 30, 2007Net income for its fiscal year ended July 31 fell 19.3% at National Home Health Care Corp. (NASD: NHHC). However, the company said fourth-quarter net income rose 21.9%.
Scarsdale NY-based National Home Health Care said net income for its fiscal year was $2.9 million, down from $3.7 million in the previous...
TeamStaff names CFO
October 30, 2007TeamStaff Inc. (NASD: TSTF) promoted Cheryl Presuto to chief financial officer. Presuto has served as TeamStaff's controller since Aug. 2004 and has been with the company since Jan. 2002. She was previously with newspaper publisher Gannett Inc.
Presuto takes over the CFO duties from CEO Rick Filippelli,...
Financials - Convergys
October 26, 2007Convergys Corp. (NYSE: CVG)
For the third quarter ended Sept. 30, 2007, compared with the same period in 2006.
Revenue: $703.7 million, 0.1%
Net income: $41.8 million, -8%Mass layoffs rise by 82
October 26, 2007The number of mass layoff actions rose by 82 in September for a total of 1,271, according to seasonally adjusted numbers released by the U.S. Bureau of Labor Statistics. The number of initial unemployment claims associated with mass layoff actions rose 5,536 to 123,656. A mass layoff action involves...
Economic gauge contracts
October 26, 2007The Economic Cycle Research Institute's forward-looking gauge of the
Comsys acquires Argus IT contractors
October 26, 2007Comsys IT Partners Inc. (NASD: CITP) said it reached a referral agreement with Argus Connection Inc. of Grand Prairie TX that allowed it to sign employment agreements with more than 30 Argus contractors. Argus ceased its staffing operations on Oct. 19 and the deal will allow the former Argus contractors...
Tech workers' pay on the rise
October 26, 2007Hourly pay for tech workers continued rose in the third quarter compared with the same period last year, according to the Yoh index of technology wages. The index reached a high of 113.60 in the third quarter, up 5.79% from the third quarter of 2006.
The third-quarter increase follows a 4.64% year-over-year...
Manufacturers slow hiring, services increase
October 26, 2007Fewer manufacturers plan to increase hiring in November compared with the same time last year, but more service sector companies plan to boost hiring, according to the leading indicator of national employment index (LINE) report from the Society for Human Resource Management and
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