IPG stock tumbles at bad earnings news

29 Jul 2009

The Interpublic Group (IPG), a global marketing communications firm, reported earnings for its second quarter and first half of 2009, and the news wasn't good. Profits dropped year over year by 76 percent ($370 million.) Shared then dropped 12.6 percent to $5.41. The brightest spot was that the expected $50 million loss due to the bankruptcy of General Motors did not occur. GM seems t

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Sharon Hill

Sharon Hill has been a senior writer / analyst with the AIM Group since 2004, except for a two-year time-out to serve as sales and marketing manager for Suburban Newspapers of America. She worked at newspapers in California, the Carolinas and Indiana as a classified advertising sales supervisor and manager, and in newspaper circulation in Alaska. At the SNA, she was responsible for bringing in new members; lining up exhibitors, and helping develop programs for the classified conference and the classified alliance. She is also co-author of “Implementing and Managing Telework: A Guide for those who make it Happen” (Praeger Press) and a prolific blogger and social media user. She is based in Phoenix.