May 28, 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:

Latest News

PepsiCo shows off digital savoir faire at Internet Week

PURCHASE, NY: PepsiCo is seeking to inject itself into the online dialogue during the Internet Week festivities by launching events and new sites demonstrating the company's understanding of the online space.
 

Devlin gets new start at Edelman following husband's guilty plea

NEW YORK: Brunswick Group's Nina Devlin has joined Edelman as SVP in the firm's New York financial practice, effective May 18.
 

NYC retailers and organizations collaborate for fashion cause

NEW YORK: Vogue, NYC & Co., and the Council for Fashion Designers of America (CFDA) have come together for Fashion's Night Out, a global initiative tasking fashion retailers to devise special promotions for the evening of September 10th, the first day of New York Fashion Week.
 

WeissComm Group acquires Bob Pearson's social media firm

SAN FRANCISCO: The WeissComm Group has acquired Common Sense Media Group, a start-up social media firm founded by Bob Pearson, the former VP of communities and conversations at Dell.
 
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PRWeek is now accepting nominations for its third-annual "40 under 40" feature, to be published in the August issue. This special feature will profile 40 agency, corporate, and nonprofit professionals, as well as educators, under the age of 40 that are doing outstanding work for their clients/companies and for the PR industry as a whole. To nominate someone, please download the entry form here and e-mail 40under40@prweek.com. The deadline for nominations has been extended to June 5.

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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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