Stock Markets
Interpublic Group appoints Susan Howe as CEO of TWSC
NEW YORK – Interpublic Group (NYSE: IPG) announced today that Susan Howe will take over as CEO of The Weber Shandwick Collective (TWSC), succeeding Gail Heimann, who is set to retire after a 28-year tenure with the firm. The leadership transition is scheduled to occur over the next four months, culminating in November 2024.
Gail Heimann has been at the helm of TWSC for five years, during which time she has been credited with the expansion of its blue-chip client portfolio and the integration of emerging technologies into its services. Under her guidance, the company has received multiple industry accolades, including a recent top spot in Fast Company’s list of Most Innovative Companies for Public Relations and Brand Strategies in 2024.
Susan Howe, who has served as President since June 2021, will step into the CEO role with a background that includes significant contributions to the company’s growth and collaboration strategies. She has been with TWSC for over two decades, holding various leadership positions such as Chief Growth Officer and Chief Collaboration Officer.
Philippe Krakowsky, CEO of IPG, expressed gratitude for Heimann’s vision and leadership, which have been pivotal in establishing TWSC as a leader in the strategic communications industry. Heimann herself expressed confidence in Howe’s ability to guide the firm into the future, highlighting Howe’s expertise and collaborative spirit.
Howe’s appointment comes at a time when the communications industry is undergoing rapid transformation. She is expected to continue driving the firm’s success by leveraging Interpublic’s broader marketing spectrum, data, and technology offerings.
Interpublic Group, the parent company of TWSC, is known for housing some of the most recognized communications specialists worldwide. In 2023, IPG reported total revenue of $10.89 billion and is listed on the S&P 500 index.
This announcement is based on a press release statement from Interpublic Group.
In other recent news, Interpublic Group has been the focus of several analyst adjustments and has reported its first-quarter performance for 2024. BofA Securities revised its outlook on Interpublic, lowering the price target to $37 from $38 but maintained a Buy rating.
This came after the company lost major clients such as Pfizer (NYSE:), Verizon (NYSE:), Lowe’s (NYSE:), and Chevrolet. Despite this, Interpublic is transitioning to offer more integrated services, as demonstrated by the formation of Kinesso.
In addition, Wells Fargo also adjusted its outlook on Interpublic, reducing the price target to $31 from $32 while maintaining an Equal Weight rating. This was based on the company’s first-quarter performance and expectations for the remainder of the year.
Interpublic reported consistent performance for the first quarter, achieving its targets for growth and margins. The company’s organic revenue growth before billable expenses stood at 1.3%, supported by contributions from Europe, Latin America, and the United States.
Interpublic Group also announced a quarterly dividend of $0.33 per common share, continuing its practice of sharing profits with investors. This follows a year in which the company reported total revenue of $10.89 billion. Looking ahead, Interpublic Group anticipates a full-year organic growth rate of 1-2% and an adjusted EBITDA margin of 16.6%.
InvestingPro Insights
As Interpublic Group (NYSE: IPG) welcomes Susan Howe as the new CEO of The Weber Shandwick Collective, the company’s financial health and market perception remain critical for investors monitoring the transition.
With a market capitalization of $10.83 billion and a P/E ratio that stands at a competitive 10.14, IPG presents a value investment opportunity, especially considering its low PEG ratio of 0.45 over the last twelve months as of Q1 2024, indicating potential for earnings growth relative to its share price.
Reflecting on the company’s financial robustness, IPG has demonstrated a consistent commitment to shareholder returns, having raised its dividend for 11 consecutive years—an accomplishment that aligns with the firm’s stable financial performance. Moreover, IPG’s stock has been trading near its 52-week low, which might attract investors looking for entry points into stable companies at potentially discounted prices.
InvestingPro Tips highlight that IPG is trading at a low P/E ratio relative to near-term earnings growth, suggesting that the stock may be undervalued given its earnings prospects. Additionally, the company’s stock generally trades with low price volatility, offering a less risky option for investors who prioritize stability.
For those interested in further insights, there are additional tips available on InvestingPro, which can be accessed by visiting https://www.investing.com/pro/IPG. These tips could provide a deeper understanding of IPG’s financial health and market position, especially useful during the leadership transition.
Investors looking to leverage these insights and more can use the coupon code PRONEWS24 to get up to 10% off a yearly Pro and a yearly or biyearly Pro+ subscription, providing access to a broader range of analytical tools and data to inform their investment decisions.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
By Steve Holland and Tim Reid
WASHINGTON (Reuters) – President-elect Donald Trump will take a victory lap on Sunday with a campaign-style rally in Washington, D.C., a day before he is sworn in for a second term four years after losing the White House to Joe Biden.
Trump’s “Make America Great Again Victory Rally” – scheduled for 3 p.m. ET (1900 GMT) at the Capital One (NYSE:) Arena – marks his first major speech in Washington since he urged his supporters to march on the Capitol on Jan. 6, 2021, in protest against his defeat.
Thousands of people breached the building in an unsuccessful effort to prevent Congress from certifying the results. Trump has vowed to pardon many of the more than 1,500 people charged in connection with the attack.
His rally remarks, along with his inaugural address on Monday, could offer a preview of the tone he plans to adopt in the early days of his second term in office. In recent weeks, Trump has disconcerted foreign allies by musing aloud about taking over Greenland and the Panama Canal and turning Canada into a U.S. state.
The rally is likely to resemble the free-wheeling arena speeches that have been a Trump staple since his first White House campaign in 2016.
The world’s richest man, Elon Musk, who has become a close Trump confidant since spending more than $250 million to boost his campaign, is scheduled to speak at the event, along with Vice President-elect JD Vance, Ultimate Fighting Championship CEO Dana White, conservative activist Charlie Kirk and conservative commentator Megyn Kelly.
TikTok CEO Shou Zi Chew also plans to attend the rally, amid uncertainty over whether Trump will take steps to rescue the app from a U.S. ban set to take effect on Sunday. Chew is expected to join other tech executives at Trump’s inauguration on Monday.
Singer and rapper Kid Rock, disco group The Village People, singer Billy Ray Cyrus and singer Lee Greenwood are all scheduled to perform at the rally.
President Joe Biden will meanwhile make his last official trip as president on Sunday to Charleston, South Carolina, to mark Martin Luther King Jr. Day, which is on Monday, the White House said. He will attend services and speak about King’s legacy at Royal Missionary Baptist Church.
Earlier on Sunday, Trump will participate in a wreath-laying ceremony at the Tomb of the Unknown Soldier in Arlington National Cemetery. In the evening, he will address well-heeled supporters at a dinner in Washington.
The inauguration is scheduled for noon ET (1600 GMT) on Monday, when Trump will take the presidential oath of office inside the rotunda of the Capitol building, after the cold weather prompted organizers to move the ceremony indoors. Approximately 25,000 law enforcement personnel will be on hand to provide security.
Stock Markets
CELH DEADLINE NOTICE: ROSEN, A GLOBAL AND LEADING LAW FIRM, Encourages Celsius Holdings, Inc. Investors to Secure Counsel Before Important January 21 Deadline in Securities Class Action – CELH
New York, New York–(Newsfile Corp. – January 19, 2025) – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock and sellers of puts of Celsius Holdings , Inc. (NASDAQ: NASDAQ:) between February 29, 2024 and September 4, 2024, both dates inclusive (the “Class Period”), of the important January 21, 2025 lead plaintiff deadline.
SO WHAT: If you purchased Celsius common stock or sold Celsius puts during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Celsius class action, go to https://rosenlegal.com/submit-form/?case_id=31677 or call Phillip Kim, Esq. at 866-767-3653 or email case@rosenlegal.com for more information. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 21, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action (WA:) Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, during the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Celsius materially oversold inventory to PepsiCo (NASDAQ:), Inc. (“Pepsi”) far in excess of demand, and faced a looming sales cliff during which Pepsi would significantly reduce its purchases of Celsius products; (2) as Pepsi drew down significant amounts of inventory overstock, Celsius’ sales would materially decline in future periods, hurting Celsius’ financial performance and outlook; (3) Celsius’ sales rate to Pepsi was unsustainable and created a misleading impression of Celsius’ financial performance and outlook; (4) as a result, Celsius’ business metrics and financial prospects were not as strong as indicated in defendants’ Class Period statements; and (5) consequently, defendants’ statements regarding Celsius’ outlook and expected financial performance were false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Celsius class action, go to https://rosenlegal.com/submit-form/?case_id=31677 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook (NASDAQ:): https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
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Contact Information:
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/237600
Stock Markets
XRAY DEADLINE NOTICE: ROSEN, A TOP RANKED LAW FIRM, Encourages Dentsply Sirona Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important January 27 Deadline in Securities Class
New York, New York–(Newsfile Corp. – January 19, 2025) – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Dentsply Sirona Inc. (NASDAQ: XRAY) between May 6, 2021 and November 6, 2024, both dates inclusive (the “Class Period”), of the important January 27, 2025 lead plaintiff deadline.
SO WHAT: If you purchased Dentsply Sirona common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Dentsply Sirona class action, go to https://rosenlegal.com/submit-form/?case_id=31762 or call Phillip Kim, Esq. at 866-767-3653 or email case@rosenlegal.com for more information. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 27, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action (WA:) Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, during the Class Period, defendants made false and/or misleading statements and/or failed to disclose material facts necessary to make the statements made, in light of the circumstances in which they were made, not false and misleading. In truth, Byte aligners had been causing serious injuries to patients since at least May 2021, as revealed in backlogged injury reports that Dentsply Sirona filed with the U.S. Food and Drug Administration (“FDA”) over the course of 2024. At least part of the problem was that customer service employees and overseeing dentists were incentivized to enroll contraindicated patients who had other dental issues which should have made them ineligible for Byte treatment. As a result, defendants’ positive statements concerning Byte’s customer experience, and the expansive network of dentists overseeing and controlling each customer’s treatment, were materially misleading and/or lacked a reasonable basis. In addition, Dentsply Sirona concealed the fact that its high conversion rates were due to sales incentives to enroll contraindicated patients. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Dentsply Sirona class action, go to https://rosenlegal.com/submit-form/?case_id=31762 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook (NASDAQ:): https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/237618
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