Publicis, Omnicom Close to Merger Deal

Omnicom Group Inc. and Publicis Groupe SA, the world’s second- and third-biggest advertising companies, respectively, are near a deal to merge, people familiar with the situation said, creating what would be a $30 billion behemoth. If a deal is completed, it would be billed as a merger of equals. The two companies each have a … Continue reading

Lenovo Group’s Profit Jumps, Beats Expectations

Chinese personal-computer maker Lenovo once again beat expectations, posting a 36 percent increase in its quarterly net profit, and struck a confident note about its prospects on robust tablet demand and recovering PC sales. Lenovo’s solid results come amid lingering concerns about the PC industry’s future. Despite some signs of recovery, traditional PC makers are … Continue reading

SAP Profit Jumps but License Business Struggles

SAP AG, the world’s biggest business software maker, Monday reported a jump in third-quarter profit, but currency swings caused a slowdown in revenue growth and its core business in software licenses continued to slide as customers migrated to Web-based products. Net profit at the Walldorf, Germany-based company rose to 762 million ($1.04 billion) in the … Continue reading

Some Apple Services Back Up After Temporary Outage

Apple said Thursday that some Internet services for its mobile devices, such as photo sharing, backup and some messaging, were affected by an outage that lasted nearly 11 hours. The Cupertino, Calif., company said less than one percent of customers were unable to access document streaming, backup and photo services after about 9:30 pm PT … Continue reading

Imagining a Post-Bundle TV World

What happens when the “bundle” begins to unravel? The question is taking on intense importance for the cable-TV business, which for decades has forced customers to subscribe to groups, or bundles, of channels — whether they wanted them or not. Read the rest of this post on the original site

Exxon Overtakes Apple as Biggest U.S. Company by Market Cap

When it comes to the stock market, there’s a new sheriff in town. For now. Exxon Mobil just overtook Apple as the biggest U.S. company measured by stock-market value, according to FactSet. The move comes exactly one year after Apple previously surpassed Exxon on its road to most valuable U.S. company of all-time. Read the … Continue reading

Follow

Get every new post delivered to your Inbox.

Join 99 other followers