Business Today: Omnicom, Publicis call off proposed $35 billion merger

		Click to View in Browser 05/9/2014 Omnicom, Publicis call off proposed $35 billion merger LONDON/NEW YORK/PARIS (Reuters) - The $35 billion merger of U.S.-based Omnicom and France's Publicis collapsed on Friday after a battle for control destroyed plans to create the world's largest advertising agency. ECB stimulus talk knocks euro, peripheral yields LONDON (Reuters) - Yields on lower-rated euro zone bonds fell to record lows and the euro slid further on Friday as investors positioned for more monetary stimulus from the European Central Bank. Wal-Mart should face lawsuit over Mexico operations: U.S. judge (Reuters) - Wal-Mart Stores Inc should face a U.S. shareholder lawsuit accusing it of concealing suspected corruption at its Mexico operations, even after learning that a damaging media report was being prepared for publication, a federal judge said. Pfizer under fire in Europe, U.S. as it weighs next Astra move LONDON (Reuters) - U.S. drugmaker Pfizer is under fire on both sides of the Atlantic as it weighs its next move to buy British rival AstraZeneca , which could be a sweetened offer next week. Credit Suisse says doing everything it can to settle U.S. tax probe ZURICH (Reuters) - Credit Suisse is doing everything in its power to reach a settlement with U.S. authorities who are probing whether and how its private bankers helped wealthy Americans dodge their taxes, executives will tell the bank's shareholders on Friday. Banks to return $4.66 billion in crisis loans to ECB next week FRANKFURT (Reuters) - Banks will return 3.365 billion euros ($4.66 billion) in long-term crisis loans to the European Central Bank next week, less than expected but more than this week as banks trim down their reliance on ECB funding and return to the markets. China pledges to push ahead with capital market reforms SHANGHAI (Reuters) - China pledged on Friday to push ahead with a broad range of capital market reforms as it seeks to encourage more efficient capital allocation, increase foreign investment and improve transparency of its markets. Goldman says its overseas hiring practices being investigated (Reuters) - Goldman Sachs Group Inc disclosed on Friday that it was being investigated over its hiring practices outside the United States. Apple close to buying Beats for $3.2 billion: source SAN FRANCISCO (Reuters) - Apple Inc is close to paying a record $3.2 billion for Beats Electronics, two people with knowledge of the matter said, an expensive foray into music streaming and headphone gear that would mark a departure for the usually cash-conservative iPhone maker. France wants Areva to buy Alstom wind unit if GE wins bid: paper PARIS (Reuters) - France wants state-controlled nuclear group Areva to take over Alstom's offshore wind turbine unit if General Electric's bid for Alstom succeeds, a French paper reported on Friday. Related Video UK's Clegg: Financial transaction tax is "silly" Lib Dems would provide "spine" of a Labour coalition – Clegg Economic News Could take 5-8 years to shrink Fed portfolio: Yellen Drop in jobless claims signals firmer labor market 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 - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend