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Motorcorp picks new agency post-Publicis Mojo liquidation

Motorcorp group general manager James Yates says Motorcorp only found out Publicis was going under when another agency approached him looking to take over the account. 

Car torque: BMW’s new x-strategy

Arriving soon: BMW is introducing its 3 Series Touring this month

Special Group loses account as portfolio of top brands goes to pitch

Wall Street stocks lose steam as interest rate fears linger

Stocks on Wall Street fell the most in more than a month on a dismal reading of consumer borrowing and official warnings of both weak growth and a rise in interest rates.

Thomas Hoenig, president of the Kansas City Federal Reserve, said policy makers could raise the benchmark rate target from near zero toward 1% without hampering a US recovery.

Earlier, Fed chairman Ben Bernanke said the US economy appeared to have stabilised, although it was still hampered by high unemployment and a weak housing market.