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The interbiznet Bugler
interbiznet presents The Bugler
October 1, 2008

Reveille & Hyperbole
A Bumpy Ride . . .
The US House of Representatives voted 228-205 against the bill designed to stabilize a reeling financial system. At yesterday's closing bell, the Standard & Poor's 500 index had fallen 106.59 points (8.79 per cent) to 1,106.42. The blue chip Dow Jones Industrial Average shed a whopping 777.68 points (6.98 per cent) to 10,365.45. The high tech Nasdaq Composite Index lost 199.61 points (9.14 per cent) to 1,983.73. The day set staggering stock market records. The 778-point drop in the Dow Jones was the largest point drop in history.

Metropolitan Area Employment and Unemployment for August 2008. Unemployment rates were higher in August than a year earlier in 354 of the 369 metropolitan areas, lower in 13 areas, and unchanged in 2 areas, the Bureau of Labor Statistics of the U.S. Department of Labor reports. Eleven areas recorded jobless rates of at least 10.0 percent, while five areas registered rates below 3.0 percent. The national unemployment rate in August was 6.1 percent, not seasonally adjusted, up from 4.6 percent a year earlier.

Bedford Funding, a $400 million private-equity firm specializing in investments in the software and IT services sector, acquires talent management software solutions firm Authoria, Inc., for $63.1 million. In addition to the purchase price, Bedford Funding will make an additional $8 million investment in working capital to enhance marketing and sales initiatives and to accelerate overall corporate growth for Authoria.

Retained executive search firm The Carter Group LLC introduces iMPACT Placement. Its new division is set up to deliver candidates by using an established search process that includes in-house research and a copyrighted, quantitative assessment tool. iMPACT Placement targets gainfully employed candidates, and only presents thoroughly screened and qualified candidates to the hiring manager.

My Perfect Gig celebrates its fist anniversary. Earlier this month, the company debuted its "knowledge-based" recruiting technology designed to shows the in-depth market insight their recruiting technology is able to unearth into vertical markets - in this case their initial engineering target market.

Decision Toolbox has a signed a Recruitment Process Outsourcing (RPO) & Relocation contract with JM Eagle, manufacturer of plastic pipe.

JWT INSIDE, recruitment marketing and internal communications company, was honored with ten of the Web Marketing Association's WebAwards. The WebAwards honor the best Web sites in 96 industries while setting the standard of excellence for all Web site development.

The British Safety Council (BSC) has been appointed as one of the UK Government Champions for the new 14-19 Diploma, which will allow students to combine academic study and work-based learning.

TempWorks Software, a provider of staffing software and business service solutions for the staffing and human resource industries, expands its back office processing center in Eagan, MN. The center delivers on-demand solutions for staffing companies across North America, including enterprise staffing software, payroll processing and funding, invoicing, collections and disaster recovery services.

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