San Diego employers could expect a change in staffing resources since national technology, consulting and employment firm Corporate Resources Inc. purchased Cameo Employment Services in a bid to expand its profile in Southern California. The acquisition of the Cameo corporation was complete at the time of the announcement, but financial terms of the deal were not disclosed. The chief executive of CRS said that he expected the company to see immediate incremental revenues and profitability due to the purchase of Cameo's operations.

Financial professionals in California and around the world may have recently learned that Bank of America may be considered merging its division of Merrill Lynch into the bigger firm. Merrill executives reported that the new business formation could occur possibly as early as the fourth quarter of 2013. It was a move that could allow Merrill to continue operations but streamline some BoA subsidiaries. A bank spokesman said that the merger would reduce the number of "legal entities" under the name of Bank of America. He added that the Merrill Lynch name as well as the way their clients and customers were served would remain unchanged.