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A midweek rally on Wall Street stalled Friday as slack economic data and depressing geopolitical news took the wind out of investors’ sails by late in the day. But the week ended positively for the Big Three ad holding companies. Trading volume on IPG stock soared, with 38.9 million shares being bought and sold last Tuesday. Short sellers quickly tried to buy back shares after IPG’s $800 million convertible notes sale (see Finance, page 16).
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