S. Bankruptcy Judge Charles E. Rendlen III said last week that he would approve the settlement that calls for brothers Darain and Cory Atkinson to surrender millions of dollars they allegedly stripped from their business, US Fidelis, an auto-service contract company in Wentzville. Missouri Attorney General Chris Koster and others had objected to the settlement, arguing in part that the agreement left too much money on the table. The settlement allows each of the brothers' wives to keep hundreds of thousands of dollars, and keeps in place the payment of more than $1 million the brothers paid to retain criminal defense lawyers.
WEIFANG, China, Dec. 9, 2010 /PRNewswire-Asia-FirstCall/ -- Yuhe International, Inc. (Nasdaq: YUII) ("Yuhe" or "the Company"), a leading supplier of day-old chicken raised for meat production, or broilers, in the People's Republic of China ("PRC"), today announced that the Company has taken its Investor Relations functions in- house to accommodate its growing business expansion and investor communications needs. In connection with the initiative, the Company has ceased to outsource its IR functions to CCG Elite Investor Relations ("CCG"), who had been serving as the Company's external IR consultant since May 2008. In addition, the Company has terminated the service contract with Mr. Jason Wang, who had been serving as the Company's Investor Relations Director since July 2009, based on t...
A used car buyer could bring a bad faith claim against the company that issued a service contract for his vehicle, the Oklahoma Supreme Court has ruled in reversing a summary judgment. The plaintiff purchased a 2004 Ford Mustang Cobra from a used car dealer and at the same time paid $1,800 for a vehicle service contract from the defendant.
According to the research firm IDC, the market for HR business process outsourcing in the US alone is expected to reach $15.3 billion by 2007. It's the fastest-growing segment of HR services. Global companies, in particular, are concluding that running HR in house no longer makes business sense. In the US, new and complex employment regulations and liabilities have added layers of increased risk. Outsourcing mitigates the effects of economic cycles and the need to expand or contract work forces. At the same time, the company benefits from the service provider's investment in research and development. Outsourcing agreements are not stopgap measures. They are long-term strategic partnerships, where the provider supports an organization's HR capabilities.
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