Marsh Stock Jumps on Talk of CEO Change
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Marsh & McLennan Cos. shares were  whipsawed on Friday amid conflicting reports that a change in  the insurance broker's top management was imminent.
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Wall Street stocks rose on Tuesday as Starbucks (NASDAQ:SBUX) and Bear Stearns (NYSE:BSC) prepared to appoint new chief executives and after soaring commodity prices boosted stocks in the energy and mining sectors.
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Insurance firm says its board now consists of its new CEO Michael Cherkasky and 10 outside members. NEW YORK  - Marsh &amp; McLennan Cos.
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Sovereign Bancorp Inc.  shares surged early on Friday after a report that a looming boardroom battle could prompt the ouster of company chief Jay Sidhu and potentially put the big Philadelphia bank into play.
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Europe's major stock indices have climbed after Wall Street had rebounded overnight, and on takeover news which included a multi-billion-dollar buy-out of Australian airline Qantas.
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New York Times Co.  shares rose  as much as 7.5 percent on Wednesday and options traders cited  unusual call volume on speculation billionaire investor Warren  Buffett could build a stake in the company.
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Brokerage firm's stock rallies as speculation is rife that CEO won't last long.
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Shares of Dow Jones were up today after the family that controls the company announced it would consider selling the company.
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Shares of Marsh &amp; McLennan Cos. , the world's largest insurance brokerage, had their biggest gain in almost three months after The Wall Street Journal said the broker may settle New York Attorney General Eliot Spitzer's bid-rigging charges next week.
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U.S. stocks surged on Tuesday, as  battered insurers rose on confidence a probe of the industry  would end quickly, helping blue chips snap a 5-day streak of  losses.
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Shares of Quest Diagnostics Inc. jumped more than 10 percent and its options volume turned busy Thursday afternoon amid renewed speculation that it is a takeover target.
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Business & money: 9.30am: Shares in the bank jumped almost 3% after recommendation.
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Stocks rose on Tuesday as a rise in oil prices spurred gains in shares of energy companies and news of an executive reshuffle at Starbucks Corp  buoyed hopes of a turnaround at the top coffee chain.
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Talk about a tough sales call. Marsh &amp; McLennan Co.'s top managers, led by new chief executive Michael Cherkasky, took their corporate rehabilitation story to Wall Street yesterday in a conference call with stock analysts. The gist of the plans had been publicly revealed the day before.
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New York Times Co. shares rose as much  as 7.5 percent on Wednesday and options traders cited unusual  call volume on speculation billionaire investor Warren Buffett  could build a stake in the company.
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Shares of Macy's Inc.  rose as much as 10 percent on Friday and its options volume surged on speculation that the retailer, whose same-store sales have been disappointing in recent months, was ripe for a takeover.
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Stocks jumped on Tuesday, led by gains in the Dow industrials as talk that aluminum maker Alcoa Inc.  may be a takeover target bolstered optimism about deals and energy shares gained with a rebound in oil prices.