On Tuesday, Interpublic Group of Companies Inc (NYSE:IPG)’s shares declined -0.45% to $19.87.
Interpublic Group of Companies Inc (IPG)’s digital capabilities, diversified business model and geographic reach offer a distinctive competitive advantage to its clients. The company is predictable to achieve targeted levels in the coming quarters based on diversification across emerging regions and collaboration/integration across agencies through technological improvement. Moreover, the company continues to look for planned investments/acquisitions to expand in high-growth and key world markets. Jack Morton Worldwide attained Genuine Interactive – a leading digital, mobile and social firm in Boston, which is predictable to effortlessly connect clients with consumers. This acquisition is likely to boost Jack Morton Worldwide digital offerings.
Additionally, Weber Shandwick, the public relations unit of Interpublic Group, attained Swedish creative PR agency Prime and its business intelligence division United Minds. This acquisition will assist Interpublic Group to expand its footprint in the Nordics and allow it to exploit Prime’s award-winning creative talent, drive innovation and improve client service. With continuous expansion plans and planned tie-ups, Interpublic Group anticipates to strengthen its position with respect to new business activities in addition to opportunities from existing and new clients. The healthy financials and improving position of ad agencies bode well for the long-term growth of the company.
The Interpublic Group of Companies, Inc. provides advertising and marketing services. The company operates in two segments, Integrated Agency Networks and Constituency Administration Group.
Hawaiian Holdings, Inc. (NASDAQ:HA)’s shares dropped -1.37% to $21.61.
Hawaiian Holdings, Inc. (HA) posted a decent rise in air traffic for the month of May, this year. Traffic – measured in revenue passenger miles (RPMs) – came in at 1.2 billion, up 5.3% from 1.14 billion recorded in the comparable month a year ago.
On a year-over-year basis, merged capacity (or accessible seat miles/ASMs) inched up 3.3% to stand at 1.5 billion. Moreover, the load factor or percentage of seats filled by passengers reduced to 80.5% from 79.1% in May 2014.
For the first five months of 2015, Hawaiian Airlines generated RPMs of 5.64 billion (up 4.5% from the corresponding period last year) and ASMs of 7.13 billion (up 4.4% year over year). Meanwhile, the load factor remained flat year over year at 79.1%.
Hawaiian Airlines is presently focusing on driving air traffic in June when most schools will close for the summer vacation. In line with this, the carrier plans to flag-off daily non-stop flights between Tokyo International Airport at Haneda (HND) and Kona International Airport (KOA) in the Island of Hawai’i this summer, subject to approval from the U.S. Department of Transportation (DOT).
Hawaiian Holdings, Inc., through its partner, Hawaiian Airlines, Inc., engages in the planned air transportation of passengers and cargo. It offers daily services on North America routes between the state of Hawaii and Los Angeles, Oakland, Sacramento, San Diego, San Francisco, and San Jose, California; Las Vegas, Nevada; Phoenix, Arizona; Portland, Oregon; and Seattle, Washington, in addition to daily services on its neighbor island routes among the four major islands of the state of Hawaii.
At the end of Tuesday’s trade, RR Donnelley & Sons Co (NASDAQ:RRD)‘s shares dipped -1.41% to $19.23.
RR Donnelley & Sons Co (RRD) declared that it has accomplished its formerly declared acquisition of Courier Corporation, one of America’s major book manufacturers in addition to a leader in content administration and customization in new and traditional media.
R.R. Donnelley & Sons Company provides integrated communications solutions to private and public sector clients in the United States and internationally. The company operates through Publishing and Retail Services, Variable Print, Planned Services, and International segments.
Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA), ended its Tuesday’s trading session with -0.17% loss, and closed at $60.10.
Teva Pharmaceutical Industries Ltd (ADR) (TEVA) has changed the law firm it had tapped for advice on its $40 billion attempt to take over smaller rival Mylan NV after a court sided with the latter’s bid to seek a preliminary injunction against the previous law firm.
Teva is now working with Sullivan & Cromwell LLP as legal counsel in its proposal to acquire Mylan, the Israeli drugmaker said late on Tuesday. It was formerly working with another law firm, Kirkland & Ellis LLP.
A U.S. federal court had earlier on Tuesday recommended that a preliminary injunction be issued to disqualify Kirkland from advising Teva because that law firm already had an existing relationship with Mylan.
Teva Pharmaceutical Industries Limited develops, manufactures, markets, and distributes generic, specialty, and other pharmaceutical products worldwide. The company operates in two segments, Generic Medicines and Specialty Medicines. The Generic Medicines segment offers generic or branded generic medicines; specialized products, such as sterile products, hormones, narcotics, high-potency drugs, and cytotoxic substances; and active pharmaceutical ingredients.
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