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TBWA Worldwide and Hakuhodo were the topic of overseas speculation about a possible joint venture between them, initially to service common client Nissan Motor Corp. Last month, Nissan said it wanted to consolidate its worldwide account at one agency.

Michelle Ebanks, 37, to the new position of VP, Time Inc. Most recently, she was president-CEO of the Institute for Econometric Research, parent company of Mutual Funds magazine.

Schering-Plough Corp. has narrowed the candidates in its direct-to-consumer media buying review to three or four agencies, an executive familiar with the marketer's plans said the week of Nov. 22. Spending could top $200 million.

Carlton Communications and United News & Media said they plan to merge in a $6.5 billion stock swap to create the U.K.'s biggest commercial TV company.

Federal Trade Commission has accepted a consent agreement that paves the way for Reckitt & Colman to merge with Benckiser to form Reckitt Benckiser.

Copyright November 1999, Crain Communications Inc.

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