ALSO. . .

Procter & Gamble Co. said it selected TeleVest, a unit of McManus Group, to handle all U.S. television advertising of its consumer-product brands. The company spends an estimated $1 billion a year on TV advertising. . . . True North Communications Inc.’s board rejected a $577-million cash and stock offer from Publicis for the 81.5% of the company that Publicis doesn’t already own, saying it prefers to pursue advertising acquisitions in the U.S. instead. . . . Nissan Motor Co. is considering combining the same basic part, or platform, of the popular Altima and Maxima cars for possible use in a redesigned model in several years. . . . Hasbro Inc. has said it will lay off 700 employees in January as it moves its plant in El Paso, Texas, to Tijuana, Mexico. Jerry Ligon, Hasbro’s president of manufacturing services, said that competition in the toy industry was to blame for the Pawtucket, R.I.-based company’s decision to end production in El Paso. . . . A federal judge rejected 3M Co.’s motion to dismiss a lawsuit filed by LePage Inc. that accused 3M of trying to monopolize the $275-million transparent-tape market. LePage’s lawsuit, filed June 11 in U.S. District Court in Philadelphia, claims 3M offered retailers big incentives and rebates on Scotch brand tape and other office products in exchange for a promise not to buy tape from LePage.