May 26, 2009

Amid concerns about the global economy, the Dow Jones Industrial Average dropped 500 points on Thursday, its ninth-steepest decline. News of sluggish job growth in the US and mounting financial worries in Europe, particularly in Spain and Italy, created concern on Wall Street. Of the 10 major S&P 500 sectors, energy posted the biggest drop, while the consumer staple (food) sector showed the smallest decline.

Also in the news:

Exclusives

Chinet brand streamlines marketing mix with new AOR

DE SOTO, KS: Chinet, the disposable tableware brand, recently consolidated its marketing efforts by hiring Olson as AOR to support PR, advertising, and Web development.
 

Communicators prepare for more media-centric E3

LOS ANGELES: This year's E3 Expo will feature fewer extravagant parties, but a more robust media showing that once again will include the consumer press.
 

NIRI: Number of companies providing guidance declines slightly

VIENNA, VA: Results from this year's National Investor Relations Institute (NIRI) Guidance Practice and Preference survey showed only a small decline in financial and non-financial guidance from public companies during the economic recession.
 

Nascar and iRacing plan for 2010 launch of online gaming series

CHARLOTTE, NC: Nascar and iRacing.com are planning media outreach and involvement from Nascar drivers to promote the launch of a Nascar-branded online virtual racing series in early 2010.
 

Harvard shooting leads to crisis comms tweaks

CAMBRIDGE, MA: Harvard University, after a fatal shooting near a campus dorm, will conduct community outreach to increase the number of sign-ups for text message notifications, in addition to adjusting its emergency notification system.
 
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Brian Kelly, editor of (client) U.S. News & World Report, said it best about a year ago when he said 'news' and 'week' becomes an oxymoron when addressing the notion of "always on" media."

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The Cycle

GM's Ed Whitacre hosts Webchat for press

GM chairman and CEO Ed Whitacre held a Webchat December 8 to answer questions from the press, following his taking the position of interim CEO. 

IPG's Roth is optimistic about future

Interpublic Group's CEO Michael Roth came out saying "the worst is behind us," when he spoke at the Global Media and Communications Conference sponsored by UBS on December 7.

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