Marsh & McLennan earnings soar, but stock stumbles
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Marsh & McLennan Cos. Inc., the  world's largest insurance brokerage company, said on Tuesday  that fourth-quarter earnings soared, helped by growth in its  consulting businesses.
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The S&P 500 stock index touched a six-year high on Thursday as higher-than-expected earnings from investment bank Bear Stearns Co. Inc. , retailer Costco Wholesale Corp.  and other companies improved the outlook for steady profit growth.
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Stocks fell on Monday as investors  fretted over corporate profits after oil prices rose to their  highest level in nearly a month and personal products maker  Colgate-Palmolive Co. CL.N and others warned of lower  earnings.
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NEW YORK - Disappointing earnings from Morgan Stanley and oil prices topping $48 per barrel sent stocks sharply lower Wednesday as investors moved to protect their recent gains. The Dow Jones industrial average dropped 138 points...
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Technology stocks gained on Thursday following a reassuring profit and outlook from Oracle Corp , but the broad market slipped as troubles at a major bond insurer weighed down the financial sector.
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NEW YORK - A sharp decline in oil prices and a surprise drop in wholesale prices pushed stocks higher Friday as investors' concerns about third quarter earnings were mitigated. The Nasdaq composite index surged with investors buying heavily into an oversold technology sector...
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NEW YORK Stocks bounced between gains and losses Wednesday as investors overlooked rising oil prices to focus on strong results from Lehman Brothers and Sprint&#39;s much-rumored acquisition of Nextel Communications.
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NEW YORK Wall Street is sorting through the latest earnings news and stocks are narrowly mixed. The Dow Jones Industrial Average is up three points in today&#39;s early going.
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The Marsh & McLennan Companies said its profit fell 62 percent in the fourth quarter as competition reduced the commissions the insurance broker charged.
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Stocks fell sharply on Wednesday after  oil prices climbed above $48 a barrel and investment bank  Morgan Stanley MWD.N reported a decline in quarterly profit,  stirring concern about corporate earnings.
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Embattled Marsh &amp; McLennan Cos. has lost more than a dozen brokers in the past six weeks, since Attorney General Eliot Spitzer charged them with bid-rigging and the stock price fell by 40 percent.
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Lukewarm third-quarter earnings reports to date imply that corporate America has some thorny problems. For the stock market to get back on track, this week's releases will have to offer Wall Street some more upbeat news.
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Third-quarter earnings tumbled 89 percent from a year ago due to charges from lawsuit settlements and acquisition costs, but the adjusted profit still beat Wall Street expectations.
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Shares of insurance brokerage Marsh &amp; McLennan Cos. continued their slide Monday as analysts said the firmâs suspension of âcontingency commissionâ arrangements would sharply cut earnings.
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U.S. stocks fell  on Thursday as  disappointing earnings reports from companies including  Caterpillar and Amgen combined with higher oil prices to turn  investors cautious after two days of gains.
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NEW YORK - Soaring oil prices trumped positive earnings news Wednesday, sending stocks skidding as investors rushed to take profits on new fears that the market is in the midst of a commodities bubble.    Stronger than expected profits at chip bellwether Intel Corp...
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U.S. stocks fell on Friday, with the Dow knocked off its 14,000-point perch and the Nasdaq composite index down more than 1 percent after bellwether stocks Caterpillar Inc.  and Google Inc  posted disappointing earnings.