Publicis Seeks Fresh Strategy Outlook

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CEO Maurice Lévy has called on top managers to help him chart the company's future as the advertising giant looks to rebound from the collapse of its proposed merger with Omnicom.

Africa, a Fertile Ground for Startups

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A Nairobi-based startup is launching a router that still works during blackouts and Internet outages, in the latest example of local tech firms creating products specifically designed to address African problems.

Burberry: Currencies to Hit Profit

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Burberry warned that currency losses would hit full-year profit even as it reported a 17% rise in first-quarter retail revenue.

Allergan Pursues Alternative Deals

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CEO David Pyott says he is looking at potential sizable acquisitions, as he seeks to fight off a $53 billion hostile offer from Valeant Pharmaceuticals and activist investor William Ackman.

Maersk, MSC Clinch New Container-Shipping Pact

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Maersk Line and MSC have clinched a new vessel-sharing deal to help the container-shipping groups save costs on some of the world's busiest shipping routes.

Samsung Faces New Labor Allegations

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Samsung Electronics said it would look into new allegations about the use of child labor at one of its supplier factories in China.

EU Questions Rivals on Facebook Deal

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European Union antitrust officials have started questioning rival firms about Facebook's proposed acquisition of WhatsApp, ahead of a formal review that could be a test case for how to apply EU competition law to social media.

U.S. Companies Step Up Business Conducted in Yuan

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American companies are conducting a record amount of business in Chinese yuan, looking to benefit from cost advantages over dollar transactions.

Shanghai Land Sale Sets Record

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Despite a housing downturn in China, a developer bought a plot of land in Shanghai this week at what is believed to be a record-high price per square meter.

Indian Firms Aim to Raise Capital

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The election of a pro-business government in India has encouraged companies to try to sell shares. The federal budget, to be unveiled Thursday, will be the first big indication of how progressive the new administration is.

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