Marsh &amp; McLennan to lay off 3,000 workers as it deals with fallout ...
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NEW YORK -- Marsh &amp; McLennan, the nation&#39;s largest insurance brokerage, said Tuesday it will lay off 3,000 employees, or about 5 percent of its work force, because of fallout from a bid-rigging scandal that has engulfed the insurance industry.
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FBR Capital Markets, the Arlington investment bank, said yesterday it would lay off 10 percent of its workforce "in response to adverse market conditions."
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Marsh &amp; McLennan Cos. (MMC.N: Quote, Profile, Research) , at the center of a bid-rigging scandal rocking the insurance industry, on Tuesday said it will cut 3,000 jobs and said
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Nortel Networks Corp. will lay off approximately 1,400 employees in the U.S. and about 950 in Canada, with those employees to be notified by the end of June 2005, the network equipment vendor said in a regulatory filing Thursday that fleshed out earlier announcements of the coming layoffs.
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Marsh &amp; McLennan Companies Inc. announced disappointing earnings for the third quarter and said it will lay off 3,000 employees, or about 5 percent of its work force, because of fallout from a bid-rigging
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Kwik Save staff are to find out if they will lose their jobs as the chain prepares to close a third of its shops.
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Staggered by accusations that it cheated its customers, Marsh & McLennan will lay off 3,000 employees, or 5 percent of its work force.
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Another new policy at Marsh &amp; McLennan Cos. (nyse: MMC - news - people ): The insurer said yesterday that five directors--all company executives--are leaving its board.
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Bank of America Corp , the second-largest U.S. bank, plans to lay off 3,000 people in its corporate and investment banking unit, including its chief, the Wall Street Journal reported Wednesday, citing people familiar with the situation.
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Oil firm 'loath' to confirm number Oil giant Royal Dutch Shell has told its staff that it plans to make more than 3,000 job cuts.â¦
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Workers could be offered pay settlements lasting up to three years
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Bank of America Corp. said yesterday it will slash 3,000 jobs from its workforce of nearly 200,000 and move its top Boston executive to New York to take over the company's troubled investment banking unit.
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Marsh &amp; McLennan Cos. (MMC.N: Quote, Profile, Research) , the world&#39;s largest insurance broker, on Tuesday said it will reform its business practices and stop
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Marsh &amp; McLennan, a subject of New York state Attorney General Eliot L. Spitzer&#39;s investigation of insurance bid-rigging, said it will lay off 3,000 employees, about 5 percent of its workforce.
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Bank of America Corp , the  second-largest U.S. bank, plans to lay off 3,000 people in its  corporate and investment banking unit, including its chief, the  Wall Street Journal reported Wednesday, citing people familiar  with the situation.
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NEW YORK : US insurance giant Marsh and McLellan Co., facing a lawsuit for allegedly rigging bids, announced it is cutting about 3,000 jobs, five percent of the global staff.
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Depending on who is doing the analysis, either an additional 1.3 million American workers will be eligible for overtime beginning tomorrow, or 6 million will be stripped of that right.