The Interpublic Group of Companies in New York continues to reorganize after its recent acquisition of True North Communications as it merges agencies within one of its four main units, the McCann-Erickson World Group.
WALL STREET JOURNAL | DEALBOOK Reader's Digest Puts Allrecipes Up for Sale | The Reader's Digest Association said on Thursday that it was exploring a potential sale of its Allrecipes unit, as the media company continues to reorganize its business.
In a statement on Friday morning, Mr. Liddy warned that there would be more earnings volatility in the coming months, as the company continued to reorganize and sell its businesses to repay the Fed.
The Omnicom Group in New York is continuing to reorganize its media operations as PentaCom in Troy, Mich., which handles the United States media assignments for DaimlerChrysler, is being absorbed by PHD, one of the principal Omnicom media agencies.
PAGE A10 Cuts at American Express American Express said it planned to eliminate as many as 5,000 more jobs and take $1 billion in charges as it continued to reorganize under its new chief executive.
Netpliance in Austin, Tex., said yesterday that it would dismiss 76 workers, or 54percentt of its staff, and that its president and co-founder was resigning as it continued to reorganize into a high-speed Internet services company.
People Greg Fujimoto joined Gotham, New York, part of the Interpublic Group of Companies, as chief marketing officer, a new post as the agency continues to reorganize under a new chairman and chief executive, Peter McGuinness.
