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  interbiznet Bugler

June 29, 2011

In The News

AFS Technologies On Demand, the leading provider of profit optimizing software for food and beverage manufacturers, announced today the rebranding of their On Demand products. (read more)

Boston Technologies, a world-leading innovator and provider of trading technology and software for institutional and retail brokerage firms trading in foreign exchange and other over-the-counter instruments, closed its first round of institutional financing, in an All Debt Finance deal with Bridge Bank and Gold Hill Capital, for $2.5 Million. (read more)

Mercer's Outsourcing business has added three new industry-leading services to its benefits administration platform: Financial Engines' Income+ solution, HelloWallet's financial planning and budgeting solution and TD Ameritrade's self-directed brokerage account solution. These additions exemplify Mercer's ongoing commitment and investment in technology and targeted solutions that help participants make smarter decisions, take action and better engage with an employer's retirement and benefits program. Terms of the agreements were not disclosed.

The ALL Erection & Crane Rental Corp. announces the opening of ALL Crane Rental of Louisiana, the newest branch of the ALL Family of Companies. Located centrally between Baton Rouge and New Orleans in Geismar, La., the company's 31st yard will fulfill the strong demand for heavy lift equipment in the Gulf Region, strategically supported by the nine additional Southeast members of the ALL Family of Companies. Owing to current demand in the region and thanks to the support of these sister companies, ALL can boast 45 to 50 cranes currently working on long-term projects in New Orleans.

Concerro, Inc., the market leader in SaaS-based workforce management and emergency response systems that improve both the quality of life and the bottom line, today announced a partnership with Workforce Prescriptions of Hudson, FL, to license Labor Utilization Audit, a service designed to discover root causes of labor waste, and Hospital Pay IQ® Reports, the company's quarterly reports that measure the labor efficiency of hospitals.

The One-Page Company has launched an instructional online tool that walks you through the proposal writing process step-by-step, to produce a powerful 1-Page Job Proposal. This single sheet proposal may then be delivered personally, via email, or uploaded to one's Facebook, Twitter, LinkedIn, or other network profiles.

Feathers
McCarter & English LLP partner Stephanie J. Cohen has been selected to receive the Virginia S. Mueller Outstanding Member Award from the National Association of Women Lawyers. She will receive the award at the Association's Annual Meeting and Awards Luncheon to be held on July 21, 2011, at the Waldorf=Astoria in New York. NAWL is devoted to promoting the interests and progress of women lawyers and women's legal rights.

Feathers

Surging Employee Benefits Costs Force Employers to Make Difficult Trade-Offs to Maintain Benefit Levels, New Survey Shows

Short-Term Actions Can Have Long-Term Consequences

The rising tide of employee benefits costs is forcing employers to make tough decisions, often reducing disposable income for employees in order to maintain benefit levels. This was one of the key findings of Trends and Tradeoffs in Employee Medical Benefits, a survey conducted by Corporate Synergies Group and the Financial Executive Research Foundation.

"This requires financial executives to find a way to include some benefit cost reduction programs as part of their multi-year projects." While 54 percent of senior financial executive respondents said that keeping their employees' costs on medical employee benefits to a minimum was important, many companies are forced to act against this principle as the cost of medical coverage continues to rise. In the past five years, a vast majority of companies surveyed (88%) increased employee cost-sharing, co-pays, and/or deductibles. One-fifth (21%) of companies even reduced or eliminated salary increases and/or bonuses for employees. Almost two-fifths of the respondents (38%) took a different tack – they reduced health benefits. (read more)

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