Unemployment Rate Continues to Trend Down
The U.S. Bureau of Labor Statistics reported that non-farm payroll unemployment rose by 200,000 in December, and the unemployment rate, at 8.5%, continued to trend down.
January 6, 2012
ABF Journal
The U.S. Bureau of Labor Statistics reported that non-farm payroll unemployment rose by 200,000 in December, and the unemployment rate, at 8.5%, continued to trend down.
NBC Acquisition and its subsidiaries, including Nebraska Book Company, announced the company’s plan to close seven of its off-campus bookstore locations. The company also announced that it obtained an extension from approximately 40 additional off- campus stores to continue evaluation of performance and negotiation efforts.
Dresner Partners has named Mitchell Stern as managing director, Healthcare Investment Banking. Stern will be responsible for expanding Dresner’s healthcare and medtech practice. He will be located in New York City.
The Wall Street Journal reported that GE Capital has marketed $4 billion of bonds in three parts.
Economic activity in the non-manufacturing sector grew at a slightly faster rate in December, according to the Institute for Supply Management’s latest Report on Business Non-Manufacturing Index.
Moelis Capital Partners has appointed Frederick J. Florjancic, Jr. and Jim Murphy as executive advisors. Florjancic was most recently CEO of Safety-Kleen. Murphy, was previously CEO of American Safety Razor and Personal Care Group.
PRV Metals, a recently formed portfolio company of Platte River Ventures, announced that it had acquired 100% of the outstanding stock of TechSpec. Fifth Third Bank provided the senior debt financing for the transaction.
H.I.G. Capital announced the sale of Vantage Specialty Chemicals, a provider of specialty chemicals for a diverse set of global end markets, to private equity firm The Jordan Company.
The Baltimore Sun reported GE Capital said the company remains “optimistic” that a solution can be reached with a Maryland steel mill after Governor Martin O’Malley asked Jeffrey Immelt to reconsider GE’s decision to freeze some of R.G. Steel’s funds.
AccuVal Associates has hired Jesse Speltz to manage its business development activities in the Southeast United States. Prior to joining AccuVal, Speltz was with FGI Finance as vice president of Business Development.