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TurnSignals

By Published on .

Compared to $1.5 billion in net gains (excluding dot-com accounts) in the first quarter, new business ground to a halt in the second quarter. Most of the account activity came from large-client consolidations such as Verizon Communications, Philips Electronics and Bristol-Myers Squibb. WPP's totals should improve sharply this quarter, thanks to Ogilvy & Mather's win of the $400 million AT&T Wireless account from Interpublic Group of Cos.' Foote, Cone & Belding Worldwide

Global billings action in second quarter 1

Figures are in millions of dollars

1 Excludes dot-com accounts

2 True North Communications billings included in Interpublic total

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