Business news with words deal+warned+warns. 2 news.

Calling Microsoft's $240 million investment in Facebook "insane," and asserting that that there is not enough advertising budgets to support the rapid expansion of online advertising services, Publicis Chairman-CEO Maurice Levy warned that the industry was approaching the kind of hyper inflated economics that led to the so-called dot-com crash in 2000-01. In an address at this weekend's Monaco Media Forum Levy cautioned that the rapid run-up in the valuation of ad-supported online services may turn out to be fool's gold.

Reuters - Harman International Industries Inc , whose $8 billion sale fell apart last week, warned on Monday that quarterly profit would be less than half what Wall Street expected, sending its shares down as much as 8 percent.