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NEW YORK – The share price of Interublic Group slid another 11 percent on Tuesday, a day after the holding company postponed its report on second-quarter earnings.
The slide also came as Salomon Smith Barney downgraded its rating of IPG’s stock, from “buy” to “neutral,” and Standard & Poor’s said it had put Interpublic on “CreditWatch,” which could result in a downgrading of IPG’s credit rating for both short- and long-term borrowing.
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