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  • IBM says cloud business enjoying "breakthrough year" Wednesday, 17 Dec 2014 | 4:00 PM ET

    LONDON, Dec 17- IBM aims to expand the number of data centres it offers clients around the world by 25 percent to meet fast-rising demand for internet-based services, after what a company executive said has been a "breakthrough year" in 2014 for its cloud computing business. IBM has quadrupled the number of cloud data facilities it offers around the world to 49 in...

  • FINRA fines 10 banks over Toys R Us IPO conduct Thursday, 11 Dec 2014 | 12:29 PM ET

    Barclays PLC, Citigroup Inc., Credit Suisse Group AG, Goldman Sachs Group Inc., and JPMorgan Chase& Co. were fined $5 million each. Deutsche Bank AG, Bank of America Corp., Morgan Stanley and Wells Fargo& Co. were each fined $4 million and Needham& Co. was fined $2.5 million. JPMorgan Chase, Goldman Sachs, Bank of America, Credit Suisse, Deutsche Bank, Morgan Stanley and...

  • Cosmopolitan resort CEO to leave by end of year Tuesday, 9 Dec 2014 | 3:58 PM ET

    LAS VEGAS— The CEO of The Cosmopolitan on the Las Vegas Strip, who led the hotel-casino from its opening to its pending $1.73 billion sale, is leaving by the end of the year. John Unwin was first tapped by Deutsche Bank AG to be CEO of the 2,960- room property in 2009 as it moved forward with building the swanky high-rise after the original developer defaulted on the...

  • LONDON, Dec 8- Two leading forecasters of global advertising trends trimmed their predictions for growth in ad spending this year, due to a sharp slowdown in Russia and economic weakness in the euro zone. GroupM, owned by WPP, also trimmed its forecasts for 2014 growth to 3.9 percent, down from 4.5 percent, due to tougher than expected conditions in China, Brazil,...

  • Dec 5- A federal judge has thrown out a whistleblower lawsuit by a former official of a unit of advertising company WPP Plc who claimed he was fired in retaliation for reporting accounting irregularities to his superiors. District Judge Gregory Woods in Manhattan said Daniel Berman, who was a finance director at WPP's NeozOgilvy LLC unit, did not qualify for...

  • WPP'S Sorrell eyes higher dividend payout ratio Wednesday, 19 Nov 2014 | 7:21 AM ET

    BARCELONA, Nov 19- WPP Chief Executive Martin Sorrell said on Wednesday he would like, as a large shareholder, to see the payout ratio for the advertising group's dividend increase to 50 percent from the current target of 45 percent. "From my point of view as a significant shareholder in WPP, with most of my net worth being tied up in the company, personally I would like...

  • Nov 19- China's bellwether TV ad auction was hit by the country's slowing economy and rising competition from online entertainment, but showed modest recovery from last year- at least for its cornerstone evening news program. More than 30 firms, including Industrial and Commercial Bank of China Ltd, Ping An Insurance Group Co of China and Tsingtao Brewery Co,...

  • *Publicis aims to boost growth after failed Omnicom merger. The French group is hoping rapid growth in both North American and Internet advertising, which are far outpacing European and traditional ad formats, will help it catch up with sales gains at rivals such as WPP and Interpublic. Chief Executive Maurice Levy has blamed Publicis' recent poor performance...

  • *Publicis aims to boost growth after failed Omnicom merger. The French group is hoping rapid growth in both North American and internet advertising, which are far outpacing European and traditional ad formats, will help it catch up with sales gains at rivals such as WPP and Interpublic. Chief Executive Maurice Levy has blamed Publicis' recent poor performance...

  • PARIS, Nov 3- Publicis, the world's third-largest advertising holding company, has agreed to buy digital ad specialist Sapient for $3.7 billion in cash as it seeks to accelerate growth after a botched merger earlier this year. For Publicis Chief Executive Maurice Levy, the deal is part of a push to revitalise the group at a time when its quarterly top-line growth...

  • WPP CEO: Google is the gorilla  Friday, 31 Oct 2014 | 7:44 AM ET

    Sir Martin Sorrell, WPP CEO, shares his outlook on social media stocks and changing television viewing habits.

  • LONDON, Oct 31- WPP Plc, the advertising group run by high-profile executive Martin Sorrell, posted a slightly lower-than-expected 3 percent quarterly sales rise, reflecting growing concerns over geopolitical tensions and a slowdown in the global economy. WPP, which has more than 179,000 staff in 111 countries, said it expected a slowdown in the fourth quarter,...

  • LONDON, Oct 31- Martin Sorrell's advertising group WPP posted a lower than expected 3 percent rise in third-quarter like-for-like net sales on Friday due to growing concerns over geopolitical tensions and a slowdown in the global economy. WPP, which has been growing steadily through the year due to its broad geographic reach and strong presence in digital...

  • WPP posts slowdown in third-quarter net sales growth Friday, 31 Oct 2014 | 3:09 AM ET

    LONDON, Oct 31- Martin Sorrell's advertising group WPP posted a lower than expected 3 percent rise in third-quarter like-for-like net sales on Friday and said it expected the fourth quarter to slow from the rate recorded in the first nine months. WPP, which has been growing steadily through the year due to its broad geographic reach and strong presence in...

  • Oct 21- Omnicom Group Inc said it was on track to exceed its full-year organic revenue growth target, thanks to increased advertising by U.S. businesses. Omnicom, whose $35 billion merger with France's Publicis Groupe SA was called off in May, forecast full-year organic revenue growth of around 4 percent in February. Omnicom's clients include Apple Inc,...

  • UPDATE 1-U.S. ad spending boosts Omnicom third quarter Tuesday, 21 Oct 2014 | 8:29 AM ET

    Oct 21- Omnicom Group Inc, the No. 1 U.S. advertising company, reported quarterly revenue and profit above analysts' expectations, boosted by higher ad spending in the United States. Omnicom, whose merger with France's Publicis Groupe SA was aborted in May, said revenue rose 7.4 percent to $3.75 billion in the third quarter while ad revenue rose 12.5 percent.

  • SINGAPORE, Oct 14- Indian low-cost carrier IndiGo is close to placing a large order worth billions of dollars for a variety of aircraft and could reach a decision as early as 2015, a senior aviation analyst and several industry sources said. IndiGo, India's largest airline by market share, could pick up a combination of regional planes that can seat up to 100...

  • *Sonova presents new "dual-core chip" technology platform. ZURICH, Oct 14- Sonova, the world's biggest hearing aid maker, disappointed some analysts on Tuesday with a range of new products that can connect to mobile phones-- but not directly. "It had been speculated that Sonova's new product platform would have been based on the same technology as GN's, 2.4 gigahertz...

  • *Iran to hold its biggest investment forum in years in London. *But sanctions remain, Britain won't encourage Iran trade. But the Europe-Iran Forum is being held at a politically sensitive moment as world powers try to reach a deal with Iran on its nuclear program before a Nov. 24 deadline.

  • Ex-Googler leads Softbank invasion of Hollywood Friday, 3 Oct 2014 | 10:33 AM ET
    Nikesh Arora

    Softbank's investment in a Hollywood movie studio represents the coming out party for two new players in the US entertainment industry.