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IN BRIEF.(TO THE POINT)
Time Inc. sees ad revenue rising 5% in the 2nd half after a flat Q2 due to the Iraq war. The AOL Time Warner unit includes Time, People and Entertainment Weekly.
Air Canada will cut 2,000 jobs in a deal with attendants and dispatchers. The carrier says it still needs a deal with pilots to stay aloft.
Delta will do most ad and marketing work in-house to cut costs, ousting current agency Leo Burnett USA, a unit of France's Publicis.
Yields on taxable money market funds fell 1 point to a new low of 0.69% in the week ended May 27, said the Money Fund Report.
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