Omnicom, Publicis Abandon $35 Billion Merger

May 9 (Bloomberg) -- Omnicom Group Inc. and Publicis Groupe SA abandoned their $35 billion plan to create the world’s largest advertising company, saying they couldn’t overcome obstacles that slowed progress toward the deal’s completion. London Advertising CEO Michael Moszynski speaks on Bloomberg Television’s “The Pulse.” (Source: Bloomberg)

Woolworths Shakeup: Company to Cut 500 Jobs
25:38 - Woolworths announce cuts of up to 500 jobs and booked pre-tax charges of almost A$1B. Bloomberg's Paul Allen reports on "Trending Business." (Source: Bloomberg)
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