Kelly Services Inc

Kelly Services Inc. Buys Staff Leasing Firm: The company, a provider of temporary workers and other staffing services, said it has acquired Your Staff Inc., a staff leasing firm based in Woodland Hills. Terms of the stock transaction were not disclosed. Staff leasing firms are contracted for a client's entire work force and provide a full range of functions, including payroll, benefits administration, recruiting and training.

Kelly Services Inc., the largest U.S. temporary help company, said it has acquired companies in the Netherlands and New Zealand. The acquisitions bring to eight the number of overseas temporary services companies Kelly has acquired since January, 1988. A Kelly subsidiary, Kelly Temporary Services BV, acquired Free-Lance Uitzendburo, which operates six offices in the Netherlands, and Adstaff Associates, which has operations in Auckland, New Zealand. Amounts of the transactions were not disclosed.

Kelly Services Inc., the largest U.S. temporary help company, said it has acquired companies in the Netherlands and New Zealand. The acquisitions bring to eight the number of overseas temporary services companies Kelly has acquired since January, 1988. A Kelly subsidiary, Kelly Temporary Services BV, acquired Free-Lance Uitzendburo, which operates six offices in the Netherlands, and Adstaff Associates, which has operations in Auckland, New Zealand. Amounts of the transactions were not disclosed.

Kelly Services Inc. Buys Staff Leasing Firm: The company, a provider of temporary workers and other staffing services, said it has acquired Your Staff Inc., a staff leasing firm based in Woodland Hills. Terms of the stock transaction were not disclosed. Staff leasing firms are contracted for a client's entire work force and provide a full range of functions, including payroll, benefits administration, recruiting and training.

* Wendy's International Inc., the third-largest U.S. hamburger chain, said it sees fiscal first-quarter per-share earnings growing at 10%, below its full-year target of 12% to 15%. The company forecast earnings of about 33 cents a share, compared with 30 cents a year ago. Analysts had predicted 34 cents. The company said that bad weather and price cuts from competitors have hurt performance. * * Kelly Services Inc.

Adecco, the world's largest temporary-employment company, said it will buy Olsten Corp.'s staffing units for $1.46 billion, to take over the No. 1 spot in the U.S., the world's top market for temporary jobs. Olsten shareholders would exchange their stock for $8.75 in Adecco shares and cash, as well as shares in Olsten's health-care business, which it will spin off. Adecco also would assume $750 million in debt.

William Russell Kelly, chairman of Kelly Services Inc. and a pioneer in the temporary help industry, died Saturday of cancer at his home in Fort Lauderdale, Fla. He was 92. Kelly, correctly anticipating a post-World War II business boom, founded Russell Kelly Office Service in 1946 to assist businesses unable to keep up with their paperwork. Kelly initially worked with other businesses' overflow paperwork in his own offices.

Retirement disappointed 67-year-old Mary Hiznay. So four years after she retired as a clerk with the Michigan state unemployment office, she hired on with Kelly Services Inc. and has been working as part-time temporary help for the past year. "After a while I got tired of going visiting, going shopping, going here, going there. I decided I gotta get outa there," said Hiznay, processing telephone orders at Honeybaked Foods Inc. in Troy. "It really boosts my morale up.

Conmar Publishing Inc. began with a dinner conversation between two sisters-in-law. Obstetrics nurse Connie Marshall had written a book on prenatal care for her husband--an obstetrician then based in Sacramento--to present to his pregnant patients. The spiral-bound compilation of 180 photocopied pages deserved a better format, she decided.

Liz Claiborne Inc., a top women's apparel maker, was the most profitable public firm in the United States during the 1980s, according to a survey by Forbes magazine. Liz Claiborne had an average 51.8% return on equity during the nine years since it went public, placing it ahead of the second most profitable firm, Rollins Inc., a pest control and alarm system firm, which had an average return on equity of 47.2%, Forbes said in its issue dated Jan. 8.

America's growing legion of temporary workers is seeing its paychecks fatten more quickly than those of their permanently employed comrades. The average hourly pay for workers at the nation's biggest temporary staffing company, Manpower Inc., rose nearly 5.8% in the third quarter, compared with a 3.3% gain for U.S. workers overall, the company said Wednesday.