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  • Aug 4- Billionaire investor William Ackman on Friday said his hedge fund had taken an 8 percent stake in Automatic Data Processing Inc and plans to ask for board seats so he can push the U.S. human resources outsourcing company to cut costs and improve its returns. Ackman's move on ADP, which has a market value of about $50 billion, comes as the leader of Pershing...

  • Aug 4- Automatic Data Processing Inc said on Friday it had rejected a call from William Ackman's activist hedge fund Pershing Square Capital Management LP for more time in his bid to gain control of the U.S. human resources outsourcing company. Ackman requested that ADP extend its Aug. 10 deadline for nominating directors by 30 to 45 days, which the company...

  • *Q2 net loss widens on $132 mln charge. Pandora now expects its full-year revenue to range between $1.45 billion and $1.50 billion, compared with its previous forecast of $1.50 billion to $1.65 billion. The company continues to pull in advertisers despite competition from Sweden's Spotify, Apple Inc's Apple Music, Google's Play Music and Amazon.com Inc's...

  • SAN FRANCISCO, July 28- Quarterly results from Alphabet Inc and Facebook Inc provided fresh evidence this week that the digital advertising market is effectively a duopoly, a dynamic with deep implications for two of Silicon Valley's titans. This year, the Big Two in internet advertising are expected to take half of all revenue worldwide, and more than 60...

  • July 26- Facebook Inc's mobile advertising business grew by more than 50 percent in the second quarter, the company said in its earnings report on Wednesday, as the social network continued to establish itself as the venue of choice for an ever-growing array of online advertisers. Shares in Facebook, owner of four of the most popular mobile services in the world,...

  • The company's shares were up 1.4 percent at $168 after the bell. Facebook said about 2.01 billion people were using its service monthly as of June 30, up 17 percent from a year earlier. Net income attributable to Facebook shareholders rose to $3.89 billion, or $1.32 per share, in the second quarter ended June 30 from $2.28 billion, or 78 cents per share, a year earlier.

  • Net income attributable to Facebook shareholders rose to $3.89 billion, or $1.32 per share, in the second quarter ended June 30 from $2.28 billion, or 78 cents per share, a year earlier. Total revenue rose 44.8 percent to $9.32 billion. Mobile ad revenue accounted for 87 percent of the company's total advertising revenue of $9.16 billion, up from 84 percent a year...

  • July 25- Advertising company Interpublic Group on Tuesday reported surprisingly weak quarterly results, hurt by tepid client spending in the United States. Shares of New York- based Interpublic, one of the world's "Big Four" advertising companies, plunged as much as 16 percent after the company also said it expects annual organic revenue growth at the low end of...

  • Chief Executive Michael Roth said in a statement. However, revenue from the United States, which contributes the bulk of Interpublic's total revenue, fell slightly to $1.16 billion in the second quarter ended June 30. "were surprisingly weak," Pivotal Research Group analyst Brian Wieser said.

  • Interpublic said revenue from the United States, which contributes the bulk of its total revenue, fell slightly to $1.16 billion in the second quarter ended June 30. International sales declined 3.3 percent to $724.4 million in the quarter, missing analysts' average estimate of $752.5 million, according to data and analytics firm FactSet.

  • July 25- U.S. advertising company Interpublic Group on Tuesday reported a 1.7 percent decline in quarterly revenue, hurt by tepid client spending. Net income available to IPG fell to $94.7 million, or 24 cents per share in the second quarter ended June 30, from $156.9 million, or 38 cents per share, a year earlier. Net revenue fell to $1.88 billion from $1.92 billion.

  • July 24- Alphabet Inc surpassed expectations for quarterly revenue and earnings on Monday, reporting higher advertising sales across its platforms and trying to move past a record $2.7 billion European Union fine by taking the entire charge at once. On a consolidated basis, revenue rose about 21 percent to $26.01 billion in the second quarter ended on June 30,...

  • BENGALURU, July 21- Organisers of conferences and trade shows are benefiting from a shift in the way marketing budgets are allocated, with companies spending less on advertising and more on events that allow them to connect directly with customers. Research and advisory firm Outsell predicts corporate budgets for business-to-business events in the giant...

  • July 20- Omnicom Group Inc reported better-than-expected quarterly results as the No. 1 U.S. advertising company benefited from higher spending from businesses in Europe and the United Kingdom. The company said organic revenue rose 9.3 percent in UK and 7.8 percent in Europe in the quarter ended June 30. Robin Diedrich, senior analyst at Edward Jones, said in a...

  • MOSCOW, July 19- A think tank that advises the Russian government on taxes and energy-related issues said on Wednesday it expects the country's oil exports to fall this year thanks to a global deal to cut output, contrasting with official forecasts for a rise. Vygon Consulting said in a presentation to reporters that oil exports this year are seen declining by...

  • LONDON, July 18- Adverts depicting girls as ballerinas alongside boys as rock climbers are likely to become a thing of the past in Britain under new rules set out by the UK's advertising watchdog on Tuesday. The Advertising Standards Authority, which plays a big role in regulating the industry in Britain, said it would take a harder line against adverts that...

  • LONDON, July 18- Adverts depicting girls as ballerinas alongside boys as rock climbers are likely become a thing of the past in Britain under new rules set out by the UK's advertising watchdog on Tuesday. The Advertising Standards Authority, which plays a big role in regulating the industry in Britain, said it would take a harder line against adverts that feature...

  • In a re-run of a recent duel over helicopter training, Italy's Leonardo and Europe's Airbus are both preparing to enter the race to replace a mixture of private and military training for UK forces from 2020, the sources said. Airbus, which recently won a major UK military helicopter training contract, defeating a bid from Cobham that included AgustaWestland...

  • July 11- Private equity firm EQT said on Tuesday it has agreed to acquire U.S. drug development consultancy Certara for $850 million, including debt, from Arsenal Capital Partners, another buyout firm. Last year, Stockholm, Sweden- based EQT made its first major U.S. healthcare investment, buying Press Ganey Holdings Inc, a provider of patient satisfaction surveys,...

  • MEXICO CITY, July 10- Mexican media company Grupo Televisa on Monday posted a dip in second-quarter revenue, missing some analysts' expectations as advertisers spent less on television commercials. The broadcaster, known for its "telenovela" soap operas, reported a 1.5 percent fall in revenues to 23.162 billion pesos ( $1.28 billion, below average analyst...