Interpublic shares tumble to 12-month low
17 Oct 2002 | by Staff,
NEW YORK - Shares in the Interpublic Group of Companies plummeted by over 38% when the stock market opened in New York this morning to hit a new 12-month low of $9.99.
LONDON - The Wall Street Journal is launching the second phase of its multimillion-dollar worldwide advertising campaign, specifically targeting the European and Asian markets.
NEW YORK - Shares in the Interpublic Group of Companies plummeted by over 38% when the stock market opened in New York this morning to hit a new 12-month low of $9.99.
LONDON - Channel 4 has confirmed that 200 jobs will be axed as part of a sweeping restructure, which will see the formation of a centralised marketing division for the main channel and commercial division 4 Ventures.
LONDON - Orange has appointed Mother to its coveted £43m UK advertising account.
NEW YORK - The Avon lady is set to have a younger, fresher competitor as the world's leading direct seller of beauty products, launches a new brand to target young women called Mark.
LONDON – Lowe & Partners has made 23 staff redundant in the wake of its resignation last month of the £43m Orange creative account.
NEW YORK - The New York Times Group has seen advertising revenues improve significantly over the past quarter, with a rise of 1.7% at its newspapers to $422m (£271m) compared with $415.1m for the same period last year.
NEW YORK - On the same day as it announced the closure of Sports Illustrated for Women, the chief executive of Time Inc said that she will be looking to the UK for inspiration on launching new titles in the US.
LONDON - Visa, the credit card giant, is talking to networks about its multimillion-pound international account.
LONDON - Allied Domecq UK has hired Jackie Cooper PR to work on a newly created consumer account, including brands such as Malibu and Courvoisier.