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Reuters ditches plans for online brokerage product

News and information company Reuters has scrapped plans for a retail version of its online brokerage system Instinet.

VNU buys AC Nielsen in £2.3bn deal

Dutch publisher and internet company VNU has agreed to buy US market research company AC Nielsen in a 2.3bn cash deal which is expected to close by the first quarter of 2001.

Agency.com axes 190 jobs in cost-cutting strategy

New-media consultancy Agency.com has axed 32 jobs in the UK and an additional 158 worldwide in a global cost-cutting strategy following a fall in demand for interactive consultancy from blue-chip companies.

GlaxoSmithKline merger gets US approval

The 130bn merger between drugs giants Glaxo Wellcome and SmithKline Beecham has been approved by US anti-trust regulator, the Federal Trade Commission.

REVIEW: Marketing and advertising news in the week's press

Carlton has signed a deal with Roche, the pharmaceutical giant, for Rennie, its flagship brand, to sponsor Christmas ITV. The deal is the first for the TV broadcaster under the new Independent Television Commission code that allows the product to appear within the credits. - General release.

College Hill lands UK and Ireland PR brief for Adecco

Recruitment agency Adecco has retained financial agency College Hill, formerly with recruitment rival Manpower.

INTERNATIONAL: Pinkstone lands Chelgate post

HONG KONG: The former head of the Hong Kong government's overseas PR division, Mark Pinkstone, has joined independent agency Chelgate Asia as executive vice-president, overseeing three offices.

Express websites sold for £1 as United cuts back

LONDON - Richard Desmond, the new owner of Express Newspapers, has sold the company’s four websites to a stockbroker for the nominal price of £1. The news came as United News & Media announced plans to halve its online investment.

Razorfish shares plummet on earnings warning

Shares in US internet services company Razorfish slumped sharply during after-hours trading last night after the company warned that its fourth-quarter earnings would be below expectations.

Carlton’s bid for European internet alliance founders

Carlton Communications’ plans for a cross-border European internet alliance ended yesterday, after three European media companies failed to commit to a financial investment.

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