Despite brand's global decline, China celebrates 60 years of Communism. [Reuters]
Kraft, L'Oreal and P&G capitalize on opportunity in China during the economic crisis. [Warc]
Bank of America chief executive Ken Lewis will step down by year's end. [Times of London]
Behind the collapsed Penske deal to buy Saturn from GM, who will now shut the brand. [LA Times]
Comcast denies formal deal to buy NBC Universal from GE. [NY Times]
Coca-Cola plans ad campaign to fight "soda tax," obesity epidemic. [Warc]
Global ad market show signs of bottoming out. [NY Times]
(More headlines: Pepsi boosts ad spend, banks agree to bonus rules.)
PepsiCo announces increase in ad spending, Gatorade transformation. [Bloomberg]
HSBC, Barclays, Lloyds, RBS, and Standard Chartered agree to G20 bonus rules. [Times of London]
Cisco Systems acquires Norwegian video communications company Tandberg. [NY Times]
Constellation Brands, owner of Mondavi wines and Corona beer, reports stronger second quarter than expected. [WSJ]
International structure of national partnerships allows Ernst & Young to maneuver through crisis. [FT]
Online fashion retailer Asos announces premium membership and savings program. [Times of London]
Chili's Grill & Bar revives "Baby Back" ribs ad campaign. [WSJ]
Pizza chain Papa John's UK sales jump 8.9% thanks to Britain's "stay-at-home-culture." [Times of London]
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