  | | | Publicis, Omnicom say major clients welcome merger | | PARIS (Reuters) - The chief executives of Publicis and Omnicom said they had spoken to major clients about their planned merger and did not anticipate major problems with big advertisers defecting to rivals in the transition period. | | | |  | | | IMF approves $2.3 billion aid for Greece | | WASHINGTON (Reuters) - The International Monetary Fund's board on Monday completed the fourth review of Greece's bailout program, and approved a further 1.7 billion euros ($2.3 billion) in funds for the cash-strapped euro zone state. | | | |  | | | Boeing asks for beacon checks on up to 1,200 jets | | PARIS/SINGAPORE (Reuters) - Boeing has asked airlines to inspect up to 1,200 aircraft across their fleets to gather data on Honeywell emergency beacons that have come under scrutiny following a fire on a parked 787 Dreamliner two weeks ago. | | | |  | | | Canada's Hudson's Bay to buy Saks for $2.4 billion | | NEW YORK/TORONTO (Reuters) - Richard Baker is doubling down on his attempt to revive big-name department stores with a $2.4 billion bid to buy Saks Inc, bringing the iconic New York retailer under the same roof as Lord & Taylor and Canada's Hudson's Bay. | | | | | Experts predict long antitrust road for Omnicom, Publicis | | WASHINGTON/BRUSSELS (Reuters) - Publicis and Omnicom will most likely have to shed some assets in order for their mega deal to win approval from regulators in the United States, Europe and 40 other countries where they operate. | | | |  | | | SEC fraud case against ex-Goldman trader Tourre in homestretch | | NEW YORK (Reuters) - Testimony ended Monday in the civil fraud case of Fabrice Tourre, with lawyers for former Goldman Sachs trader not calling any witnesses before the U.S. Securities and Exchange Commission's case goes to a Manhattan federal jury. | | | | | U.S., Japanese stocks boosts Loeb's Third Point fund | | NEW YORK (Reuters) - Bets on U.S. and Japanese stocks helped Daniel Loeb's hedge fund, Third Point, gain 3.3 percent during the second quarter, even as equity and bond markets suffered rapid sell offs in June, the manager told his investors on Monday. | | | |  | | | Judge says Bernanke should testify in AIG bailout lawsuit | | (Reuters) - A U.S. judge ruled on Monday that Federal Reserve Chairman Ben Bernanke should testify in the multibillion-dollar lawsuit by the former chief of American International Group Inc , Maurice "Hank" Greenberg, against the United States over the insurer's 2008 bailout. | | | | |  |  | | | A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today | | |  | |  | | | The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today | | | | | | » MORE NEWSLETTERS | |
