IPG releases Q3 numbers
Organic revenue growth for Interpublic’s Constituency Management Group, which contains most of its PR firms, was up 3.7% in the third quarter to $381.4 million, and up 2.5% for the first nine months of the year to nearly $1.1 billion. The holding company as a whole reported organic revenue growth of 7.1% in Q3 to $1.9 billion, and a 6.5% jump for the first nine months of the year to $5.4 billion.
It’s Back to the Future Day
Today’s the day Marty McFly visited in the 1989 film Back to the Future II, though it doesn’t look like the Chicago Cubs will win the World Series. Right on cue, brands are taking advantage. Volvo, for one, said it is working on a "time machine" concept.
Happy Back To The Future day! Thank you MJF and everyone for one of the greatest films ever. Love CM pic.twitter.com/5yAp5rcHkg— Coldplay (@coldplay) October 21, 2015
Starbucks, Fiat hit with big EU tax bill
European Union regulators have ordered Starbucks and Fiat to pay tens of millions of euros in
unpaid taxes, saying the two companies benefitted from illegal deals. The ruling could affect other corporations across the continent.
23andMe again giving users health data
Nearly two years after the Food and Drug Administration told genetic testing company 23andMe to stop giving customers health and ancestry information based on a saliva test, the company is again distributing data to users. This time, it’s smaller in scale and FDA-approved.
Preet Bharara goes after daily fantasy sports
New York-based federal prosecutor Preeet Bharara, best known for chasing down white-collar criminals, is investigating whether daily fantasy sports websites such as DraftKings and FanDuel are violating federal law. The Wall Street Journal reported that the inquiry is in its early stages.
Toyota begins global recall
Toyota is recalling 6.5 million cars around the world due to a power-window-switch defect in models including the Camry and Corolla. The automaker said no crashes had been reported due to the issue. About 2.7 million of the cars are in the US.