Activist hedge fund Elliott Management said in an SEC filing it has built up a 6.7% stake in Interpublic in a bid to "engage in a constructive dialog" with IPG's board "regarding steps to maximize shareholder value."
Publicis Groupe suffered a 16.9% plunge in first-half net to $352M on flat revenues of $4.5B due to cancellation or postponement of campaigns and lousy economic conditions in Europe and emerging markets.
Coca-Cola and PepsiCo, despite losing some luster over the healthy foods movement, are the most respected corporate brands, while Delta Airlines and H&R Block top the list of least respected names, according to a study by consultancy CoreBrand.
Mill Road Capital, a Connecticut private equity firm, said it is conducting a "strategic review" of its North American assets that include a majority stake in Vision7, the marketing communications holding company of US units Citizen Relations (PR) and Dare (creative).
WPP revenues rose 1.2 percent to $7.5B during the first five months of 2014, but CEO Martin Sorrell prefers to point to the conglom's 9.8 percent growth -- once currency fluctuations are stripped from the financials.
Interpublic's Jacki Kelley has been named COO/media at Bloomberg Media in charge of business operations for TV, print, radio, mobile, digital and event platforms and creating new marketing opportunities.
*O'Dwyer's is the only PR firm ranking which requires the top page of the latest corporate income tax return and W-3, establishing particpants as PR firms rather than ad agencies or other types of businesses.