With Philips account, Carat strikes gold

Article Abstract:

Philips Electronics chose Carat North America to do its global media buying because Carat's bid was creative and fair. Carat will select the television advertising spots that Philips will buy, but it also proposed a deal with MTV to provide video clips for Philips' Web site; the same type of deal was suggested for music videos. All 89 Carat offices worldwide were part of the pitch to win the lucrative account. Other clients include Pfizer and AOL Time Warners' New Line Cinema. New billings for the US unit come to $950 million since January.

Use of services, New orders received, New Agency Services, Media Selection, Consumer electronics industry, Contracts, Advertising, Media buying services, Advertising expenditures, Carat North America

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CIT agrees to acquire Newcourt Credit; stock deal for $4.12 billion forms top public firm in commercial finance

Article Abstract:

The acquisition of Toronto-based Newcourt Credit Group Inc. by CIT Group of New Jersey will create the 'largest publicly owned commercial-finance company in terms of assets and market capitalization.' Analysts were in favor of the deal while Newcourt shareholders were disappointed at the price offered.

Comment:

Co. to be purchased by New Jersey-based CIT Group

Canada, All Other Nondepository Credit Intermediation, Finance Leasing, Financial Holding Companies, Offices of Bank Holding Companies, Holding Offices, Misc. business credit institutions, Mergers, acquisitions and divestments, Commercial finance companies, Abstract, Investment companies, Lease financing, CIT Group Inc., Newcourt Credit Group Inc., NCT

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Philips Electronics to pay $1.2 billion to acquire a 60% stake in MedQuist

Article Abstract:

Philips Electronics NV will acquire 60% of MedQuist Inc., a medical-transcription services firm, for $1.2 billion.

Outpatient Care Facilities, Outpatient Care Centers, HEALTH SERVICES, Ambulatory care facilities, MedQuist Inc., MEDQ

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