Newsletter BOX: Before the Bell: Futures dip ahead of key data, Fed meeting this week

07/29/2013

Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between

Futures dip ahead of key data, Fed meeting this week

NEW YORK (Reuters) - U.S. stock index futures dipped on Monday as a week packed with data and central bank meetings gets under way, with the S&P 500 just 0.2 percent below its record close set a week ago.

Publicis, Omnicom say major clients welcome merger

PARIS (Reuters) - The chief executives of Publicis and Omnicom said they had spoken to major clients about their planned merger and did not anticipate major problems with big advertisers defecting to rivals in the transition period.

Icahn opposes voting rule change proposed by Dell founder

(Reuters) - Activist investor Carl Icahn urged Dell Inc's special committee to not change voting rules, as proposed by the company's founder Michael Dell, which would make it easier for a CEO-led group to take the personal computer maker private.

Drugmaker Perrigo to buy Ireland's Elan for $8.6 billion

DUBLIN (Reuters) - U.S. generic drugmaker Perrigo agreed to buy Elan for $8.6 billion on Monday, ending a takeover battle over the Irish company which put itself up for sale last month.

Lord & Taylor parent HBC to buy Saks for $2.9 billion in cash

NEW YORK (Reuters) - Hudson's Bay Co , operator of department store chains Lord & Taylor in the United States and The Bay in Canada, said on Monday that it would buy luxury retailer Saks Inc for $16 per share, or $2.9 billion in cash, including debt.

Pizza chain Papa Murphy's prepares for IPO: sources

(Reuters) - Pizza chain Papa Murphy's is close to selecting banks for an initial public offering that could come later this year, according to three sources familiar with the matter.

Barclays to give capital plans update on Tuesday

LONDON (Reuters) - Barclays confirmed it will set out how it plans to meet tougher UK rules on capital on Tuesday, responding to media reports it is considering selling new shares.

Ad groups rise on Publicis-Omnicom shake-up

LONDON (Reuters) - Shares in advertising groups jumped on Monday after Publicis and Omnicom said they would merge, as investors bet the deal would create an opening for rivals to poach defecting clients and potentially trigger more deals.

Calling all 'codaholics': Automakers vie for tech talent

DETROIT/YUMA, Arizona (Reuters) - Automakers have embarked on an ambitious drive to hire software "codaholics," an effort that is increasingly pitting Detroit against its technology partners in Silicon Valley.

Deloitte loses appeal in MG Rover disciplinary case

LONDON (Reuters) - Accountancy firm Deloitte has lost its appeal against a regulatory ruling that it failed to manage conflicts of interest in its advice to MG Rover Group and the "Phoenix Four" directors who bought the British carmaker before it collapsed.