Bloomberg Daimler AG said its financial targets have become harder to achieve after a tough start to the year, forcing the auto manufacturer to step up efforts to drive down costs. The Mercedes-Benz maker’s first-quarter profit slumped 16 percent after a decline in deliveries combined with the rising cost of developing new models. While earnings met analyst estimates, Chief Executive ...

Bloomberg Advertising giant WPP Plc reported a fall in first-quarter sales after its agencies in North America lost work with top clients, in another reminder of the challenge facing Chief Executive Officer Mark Read. Revenue less pass-through costs, WPP’s measure of organic sales growth, fell 2.8 percent, the London-based company said in a statement, in line with the average estimate ...

Bloomberg Oracle Corp. will continue to fight the terms of the Pentagon’s $10 billion winner-take-all cloud computing contract after being kicked out of the bidding process this month, according to the company’s chief lobbyist. Oracle Executive Vice President Kenneth Glueck, who leads the company’s Washington policy shop, said in an interview with Bloomberg News that the company will continue to ...