Publicis Groupe posted lackluster revenue growth of 0.2%, up 1.8% on an organic basis, for the first half of 2014 on Tuesday morning. CEO Maurice Levy called the numbers "not satisfactory by our standards."
The holding company's second-quarter revenue was up 0.5% organically.
The holding company, which owns PR firm MSLGroup, may miss its sales targets for the full year, Levy said. He added that the amount of time Publicis executives spent on its failed merger with Omnicom Group also negatively affected the company’s performance.
"There is one point that we may have underestimated: the time that we devoted to the merger," Levy was quoted as saying by The Wall Street Journal.
Six other things to know Tuesday morning:
Apple has asked suppliers to make up to 80 million iPhones with larger screens by the end of the year. The bigger iPhones would have screen sizes of 4.7 inches and 5.5 inches, according to the Journal.
The Environmental Protection Agency employee in charge of one of its Twitter accounts mistakenly tweeted Monday night that he or she had moved up a level in a mobile game starring Kim Kardashian. The tweet was deleted early Tuesday. Longtime Congressman John Dingell was among those who poked fun at the miscue.
I'm the last original author of the Clean Water Act, but I have no idea who/what a Kardashian is and I rarely play games. You OK, @EPAwater?— John Dingell (@john_dingell) July 22, 2014
Goodwill Industries International said late Monday that it is investigating a potential data breach that may have resulted in the theft of customers’ credit-card numbers. The nonprofit operates 2,900 thrift stores around the country.
The president and vice president will emphasize job-training programs for middle-class Americans on Tuesday, part of the Democrats’ push to reach out to this important voting bloc before November’s midterm elections.
Netflix’s second-quarter profit more than doubled due to strong subscriber growth both in the US and abroad. It added more than 570,000 US subscribers during the three-month period.
Yahoo said on Monday that it has acquired mobile ad and analytics company Flurry. About 170,000 developers use the company’s analytics services globally.
This story was updated on July 22 to correct that Publicis' first-half 2014 organic growth rate was 1.8%, not its second-quarter rate.