Publicis says to make major corporate announcement
PARIS (Reuters) - French advertising group Publicis said it plans to make a "major corporate announcement" on Sunday, after a media report on Friday said it was in merger talks with larger rival Omnicom.
A media briefing will be held at 8.00 a.m. ET on Sunday at Publicis headquarters in Paris, the company said in an email on Saturday.
Bloomberg reported late on Friday that Publicis and Omnicom were in late-stage merger talks to create what would be the world's largest advertising group.
Publicis spokeswoman Peggy Nahmany was not reachable for comment.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.