Business Today: Battle for control destroyed $35-billion Omnicom-Publicis merger

	Click to View in Browser 05/9/2014 Battle for control destroyed $35-billion Omnicom-Publicis merger LONDON/NEW YORK/PARIS (Reuters) - The $35-billion merger of U.S.-based Omnicom and France's Publicis collapsed on Friday after a battle for control destroyed plans to create the world's largest advertising agency. Dow ends at record high; Apple drags on S&P 500, Nasdaq NEW YORK (Reuters) - The Dow ended at a record high on Friday, boosted by IBM, while a rebound in high-growth momentum names helped the broader market. U.S. Postal Service loss hits $1.9 billion; package volume up WASHINGTON (Reuters) - The United States Postal Service ended its second quarter with a net loss of $1.9 billion as first-class mail volume continued to tumble and lawmakers remained at odds over providing any financial relief, the agency said on Friday. Oracle wins copyright ruling against Google over Android SAN FRANCISCO/WASHINGTON (Reuters) - Oracle Corp won a legal victory against Google Inc on Friday as a U.S. appeals court decided Oracle could copyright parts of the Java programming language, which Google used to design its Android smartphone operating system. Former e-commerce exec pleads guilty in eBay insider case (Reuters) - A former executive at an e-commerce company that was acquired in 2011 by online retailer eBay Inc pleaded guilty on Friday to insider trading in connection with the takeover. Chrysler recalls 780,477 minivans for possible overheating switch DETROIT (Reuters) - Fiat Chrysler Automobiles' Chrysler unit said on Friday it was recalling an estimated 780,477 minivans after reports of overheating, including some fires, in third-row power window vent switches. Alcatel focused on revamp, CEO says of Nokia tie-up talk PARIS (Reuters) - Alcatel Lucent is focused on its cost saving and repositioning plan and not on industry consolidation, its chief executive said in a newspaper interview after rumors this week of a tie-up with Finland's Nokia. Global business tax clamp-down could sting U.S.: IRS official WASHINGTON (Reuters) - Tighter enforcement of corporate tax laws by other countries could be a problem for the United States if it means businesses pay more tax to foreign governments and cross-border disputes increase, a senior U.S. tax official said on Friday. U.S. judge says Wal-Mart should face lawsuit over alleged Mexico bribery (Reuters) - A U.S. judge said Wal-Mart Stores Inc does not deserve dismissal of a lawsuit claiming it defrauded shareholders by concealing suspected corruption at its Mexico operations, even after learning that a damaging media report detailing alleged bribery was being prepared. Heineken says it is investing 500 million euros a year in Africa ABUJA (Reuters) - Heineken plans capital expenditure of 500 million euros ($690 million) a year in Africa over the next few years to maintain sales growth, a senior executive at the world's third largest brewer told Reuters on Friday. Related Video Ukraine vote sparks war fears Breakingviews: Apple showing its age Economic News Fed could ditch flawed 'dots' rates forecasts: Fisher Treasury says debt payments could be prioritized in default scenario A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend