WPP sees profits fall
WPP has seen profits fall by 5.8 per cent, and recorded almost a flat growth of 2.7 per cent in 2008, according to its preliminary results for the year, which have been published this morning.
State-owned China Telecom Corp. said Wednesday that profit fell 9.5 percent last year because it spent more to market the iPhone as it battled rivals for higher-paying customers.