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  • HONG KONG/ SINGAPORE/ BANGKOK, June 2- Thailand's biggest energy company PTT is examining a proposal to list its retail marketing business and is expected to complete the study in the third quarter of this year, the state-backed company's investor relations official told Reuters on Thursday. PTT has hired JPMorgan Chase& Co, Phatra Securities, and other domestic...

  • NEW YORK, May 31- Michael Pearson, the former chief executive officer of Valeant Pharmaceuticals International, will receive a $9 million severance payment and agreed to a consulting agreement worth hundreds of thousands of dollars, according to a document filed with regulators. He can earn $83,333 a month this year as a consultant and next year, the company...

  • NEW YORK, May 31- Michael Pearson, the former chief executive officer of Valeant Pharmaceuticals International, has signed a consulting agreement with the drugmaker that will run through 2017 and pay him hundreds of thousands of dollars, according to the separation agreement filed with regulators. Pearson, who left Valeant on May 2 after a year in which it had...

  • The free game launched in November 2012 has helped Mondelez make twice as much money through in-app purchases and ads as it had invested in it, Laura Henderson, global head of content and media monetization, said in an interview ahead of the company's announcement on Tuesday about the plans. PepsiCo Inc opened an in-house Creators League content studio in...

  • LONDON, May 26- The publisher of the Daily Mail newspaper said a downturn in the print advertising market was squeezing margins in its media business, resulting in an 11 percent drop in first-half profit and a lower outlook for the year. Daily Mail and General Trust said the operating margin for its media business would be about 10 percent for the year, rather than...

  • NEW YORK, May 20- Lawyers for former J. Walter Thompson chief executive Gustavo Martinez on Friday struck back against a high-ranking colleague who accused him of sexist and racist behavior, saying her high-profile lawsuit failed to show a hostile work environment at the advertising agency. In papers filed with the U.S. District Court in Manhattan, lawyers for...

  • May 17- Viacom Inc and American Express Co on Tuesday said they will launch a data-driven product aimed at providing television advertisers deeper understanding into consumers' future purchases. The new tool, called "Vantage Intent," will use data analysis gathered from the majority of Am-Ex's $1 trillion in annual transactions to help advertisers target...

  • NEW YORK, May 13- iHeartMedia Inc has brought in Millstein& Co, an additional restructuring advisory firm, to help it evaluate options for its debt, including buying some of it back, according to people familiar with the matter. Millstein& Co was founded in 2012 by Jim Millstein, who was the chief restructuring officer at the U.S. Department of the Treasury from 2009 to...

  • David Acheson, a former official at the U.S. Food and Drug Administration and the U.S. Department of Agriculture, was brought on as an adviser, Chipotle told Reuters. The company also confirmed it is working with David Theno, a food safety consultant and former Jack in the Box executive who is credited with fixing food safety at the fast-food chain following a...

  • CARACAS, May 3- Venezuela's oil output may fall to average some 2.35 million barrels-per-day this year, as the South American OPEC country's cash crunch and shortages weigh on production, according to energy consulting firm IPD Latin America. That estimate is a whisker above the 2.53 million bpd Venezuela produced in the first quarter, according to OPEC...

  • CARACAS, May 3- Venezuela's oil output may fall to average some 2.35 million barrels-per-day this year, as the South American OPEC country's cash crunch and shortages weigh on production, according to energy consulting firm IPD Latin America. That estimate is a whisker above the 2.53 million bpd Venezuela produced in the first quarter, according to OPEC...

  • LONDON, April 29- Britain's WPP has started identifying candidates both inside and outside of the firm to replace founder and veteran CEO Martin Sorrell for whenever he leaves the world's biggest advertising company. One of the highest profile businessmen in Britain, 71- year-old Sorrell has run the company since 1986, taking it from a two-man operation in a...

  • LONDON, April 28- Britain's WPP, the world's biggest advertising company, enjoyed a solid first three months to the year after it outperformed rivals in securing a wave of contracts up for grabs in the United States. Nicknamed "reviewageddon", analysts estimate that more than $25 billion in spending on advertising was put up for review in 2015, a record for the...

  • LONDON, April 28- Britain's WPP, the world's biggest advertising company, reported first-quarter like-for-like net sales growth in line with forecasts and ahead of last year, driven by an acceleration of new contract wins in the United States. The solid update from WPP echoed similar performances from its rivals, Omnicom, Publicis and Interpublic which have...

  • LONDON, April 28- A step up in new business in the United States helped Britain's WPP, the world's biggest advertising company, to report first-quarter like-for-like net sales growth in line with forecasts. WPP, which handles the advertising for brands such as Ford and Unilever, said its key sales measurement rose by 3.2 percent, ahead of last year's rate and...

  • April 22- Borrowing by U.S. companies to spend on capital investment declined 11 percent in March from a year earlier, trade association Equipment Leasing and Finance Association said. Companies signed up for $8.1 billion in new loans, leases and lines of credit last month, up 33 percent from February, said ELFA, a Washington- based trade association that reports...

  • April 22- Advertising company Interpublic Group of Companies Inc reported better-than-expected quarterly revenue as businesses in the United States boosted advertising budgets, helping soothe the impact of a strong dollar on overseas sales. Interpublic, one of the "big four" ad agencies along with bigger New York peer Omnicom Group Inc, Britain's WPP Plc and...

  • April 22- Advertising company Interpublic Group of Companies Inc reported better-than-expected quarterly revenue as businesses in the United States boosted their advertising budgets, helping to make up for the impact of a strong dollar. New York- based Interpublic, one of the "big four" ad agencies along with Omnicom Group Inc, Britain's WPP Plc and France's...

  • April 22- Advertising company Interpublic Group of Companies Inc reported a 3.9 percent rise in quarterly revenue as businesses in North America boosted their advertising budgets. Net income available to company's common stockholders was $5.4 million, in the first quarter ended March 31, from a loss of $1.8 million, a year earlier. Interpublic, one of the "big...

  • April 21- Google's parent Alphabet Inc missed Wall Street targets for first-quarter profit and revenue on Thursday as it spent more money to build traffic for its mobile advertising services. Alphabet's consolidated revenue rose to $20.26 billion from $17.26 billion, slightly below the $20.37 billion analyst consensus, according to Thomson Reuters...