Business news for Mon, 17 Dec 2007 & with word operating. 3 news.

The differences between China and India, in terms of operating as a foreign investment bank, are highlighted by the contrasting personnel hired to lead the operations

Interpublic, in the throes of a plan to find greater operating efficiencies among its media operations, just found two: The consolidation of one of its boutique media buying and planning units into a bigger network; and the departure of the top executive of a high profile media negotiating unit in what could be a harbinger of other changes to come. Media First International, an entrepreneurial media shop acquired by Interpublic in 2002, will be folded into Initiative North America, effective Jan. 1, 2008, the same date Bill Cella steps down as chairman-CEO of Interpublic's Magna Global Worldwide unit. Interpublic insiders maintain that both moves were made independent of a new holding company task force created to find and implement operating efficiencies across its media services operations.

It is the ultimate irony that the $5.6 billion acquisition of Dow Jones represents a formidable growth opportunity for News Corp. because the scion of global business news has been one of the most poorly managed of all media companies, with an industry-low 3.5% operating margin. Rupert Murdoch is about to change all that.