Publicis Extends Levy's CEO Term

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Publicis once again extended the term of veteran Chief Executive Maurice Lévy, highlighting the French ad group's struggle to find a successor as it searches for ways to rebound from its failed megamerger with Omnicom.

Rebound Eludes TV Ads

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TV networks have been banking on a surge in ad spending in coming weeks, following weaker-than-expected "upfront" advance ad sales for the new season. But the fall season is looking tepid.

Simon Property Spinoff to Buy Fellow Mall Operator

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Washington Prime Group, the strip-mall trust that spun off from Simon Property Group, agreed to buy Glimcher Realty Trust for about $2.06 billion.

Lufthansa Averts Cabin Crew Walkout

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German airline has reached an agreement with its cabin staff over its budget operations, averting another looming employee walkout after its pilots called off their latest strike.

Report Criticizes Safety Regulators and GM

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A House Energy and Commerce Committee report criticizes both the National Highway Traffic Safety Administration and General Motors for failing to take action on the safety issue now linked to 19 deaths.

Irish Dairy Board Aims To Double U.S. Sales

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Ireland's main dairy cooperative is betting that Americans will be willing to trade up for more expensive, imported butter and cheese even amid already record dairy prices.

UPS Boosts Seasonal Hiring

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UPS plans to hire between 90,000 and 95,000 seasonal employees this year and is taking additional steps to support an expected surge in deliveries during the holiday season.

New York Sues to Block Early Withdrawal of Alzheimer's Drug

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The New York attorney general filed an antitrust lawsuit claiming that a plan by Actavis to withdraw an Alzheimer's treatment from the market early would force patients to switch to a new extended release version—effectively insulating its profits from low-price generic challengers.

German Court Lifts Uber Ban

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A German regional court overturned a temporary injunction that banned startup Uber Technologies from offering its UberPop ride-sharing services throughout the country.

Beijing Targets Mining Executive in Probe

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China placed the president of state-owned metals giant Aluminum Corp. of China under a graft probe, the latest in a string of high-level mining executives to be swept up in its anticorruption shake-up.

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