Chrysler Loss Clouds Otherwise Sunny Quarter for Omnicom

Revenue's up overall, but an old wound still affects the company

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On the heels of unexpectedly strong growth in 2010, Omnicom Group surprised shareholders and analysts with more good news during an earnings call Tuesday morning.

Analysts did note one area of concern: Omnicom’s U.S. growth, which has slowed. During the call, the holding company pointed squarely at the culprit, as Chief Financial Officer Randall Weisenburger repeatedly blamed the deceleration on the company's losing the Chrysler account to Interpublic Group's Universal McCann early last year. Chrysler was a major U.S.

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