Interpublic Group Posts Narrower Loss

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Interpublic Group of Cos., still struggling to recover from the recession's flight of ad-spending dollars, reported a loss for the first quarter that was only slightly narrower than a year earlier. The company was hampered by several key account losses that are expected to weigh on its earnings this year.

McCann WorldGroup, Interpublic's largest unit, lost business on lucrative accounts such as Microsoft Corp., Intel Corp., and Verizon Wireless.