Publicis Groupe SA and Omnicom Group are paving the way for the advertising industry's biggest joint venture.

Indian IT services provider Wipro predicts profit increase for the next quarter. Indian IT company Wipro announced its prediction for an upsurge of demand for its consulting and outsourcing services, following the 11% increase in quarterly profit due largely to a series of high-earning contracts.

New Anglo American boss, Mark Cutifani, outlines an aggressive cost-cutting plan to reverse the mining company's poor performance.

Private equity firm Cinven seeks the help of banks to refinance buyout of Host Europe Group. Cinven has started approaching banks for debt proposals to help in refinancing the firm's GBP 438 million (US$671 million) buyout of Host Europe Goup, an internet domain and hosting company.

Social games provider Zynga Inc loses investors and revenue after announcing abandonment of real-money gambling plans.

Oracle signed a nine-year deal with Salesforce to boost its efforts on cloud computing and hardware enterprise.

Intelligent Mechatronic Systems received CAD 4 million investment from BEST Funds. BEST Funds, a venture capital firm based in Toronto, invested CAD 4 million in Intelligent Mechatronic Systems Inc.

Apple and Los Angeles Unified School District would join forces through a US$30 million-worth deal. Next year, the Los Angeles Unified School District would put 640,000 iPads into the students' hands.

Adobe's recent acquisition, Neolane, would help the company attain US$1.19 billion earnings from digital marketing cloud.

Two private equity funds owned by Sun Capital Advisors Inc. are held liable for an employer's withdrawal in a pension plan.