Publicis, Omnicom confident will get regulatory approval
PARIS (Reuters) - Publicis (PUBP.PA) and Omnicom (OMC.N) expect to be able to win regulatory approval for their merger, the chief executives of the two companies told a news conference on Sunday.
"We are not expecting anything that would prevent us from going forward," Omnicom head John Wren said, adding that they needed clearance in 41-46 countries.
"We are confident that we will get regulatory approvals," Publicis Chief Executive Maurice Levy added.
(Reporting by Leila Abboud; Editing by James Regan)
NEW YORK - With the U.S. Federal Reserve finally announcing it will start tapering its stimulus, removing a big uncertainty in the market, can Wall Street expect a stronger finish to the year? Not really.
WASHINGTON - Start-up companies will be able to raise much more capital through certain public stock deals without facing costly regulatory burdens under a proposal announced by U.S. securities regulators on Wednesday.
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.