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Sorrell’s decades-long grip on WPP weakened over misconduct probe

Bloomberg Martin Sorrell’s once-undisputed control of the advertising giant he’s assembled over more than 30 years may be slipping away. The firm, WPP Plc, is investigating allegations of personal misconduct by the 73-year-old Sorrell. The company statement—along with a denial by Sorrell—was released after news of the probe was leaked to the Wall Street Journal, which reported that the accusations ...

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US stocks pare losses as trade dispute with China reassessed

Bloomberg US stocks pared losses, while haven demand eased as investors speculated that the final form of any Chinese tariffs might be less onerous than currently proposed. The S&P 500 Index cut its decline by almost two-thirds as representatives from China and the Trump administration left the door open for a negotiated solution. The proposals wouldn’t take effect for months. ...

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Saudi rebounds as blue chips attract interest

Reuters Buyers returned to the Saudi Arabian stock market on Wednesday as blue chips attracted interest again after several days of profit-taking that followed FTSE Russell’s decision to upgrade Riyadh to emerging market status. The Saudi index was up 0.9 percent as the energy and banking sectors rose: PetroRabigh climbed 2.0 percent, Saudi Arabian Refineries jumped 3.0 percent and mining ...

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