After M&amp;M reforms, Spitzer rules out most serious charge
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SAN FRANCISCO (CBS.MW) -- Insurance stocks rallied Tuesday as the threat of criminal charges being brought against companies in Eliot Spitzer&#39;s probe of the industry abated.
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Will that be cash or charge? That&#39;s the question American Express (nyse: AXP - news - people ) will be asking Visa and MasterCard as it prepares to file a suit against the two largest card associations in
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US insurance broker Marsh & McLennan is set to avoid criminal charges after it announces a wide-ranging reform of the way it does business.
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New York Attorney-General Eliot Spitzer plans to begin several big investigations of financial companies in January - and, despite rumours, will not be handing them over to federal regulators.
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NEW YORK A federal judge in Manhattan says MCI may have violated a court order by paying more than 25 (m) million dollars in professional services fees as part of its bankruptcy proceedings in excess of caps on such fees.
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Two major insurance companies named in the New York attorney general&#39;s investigation into questionable sales practices have discontinued the use of incentive fees, which are at the center of the probe.
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Is no one safe from Eliot Spitzer&#39;s accusing finger? After the investment banking, fund management and pharmaceuticals industries comes the insurance sector, which in a suit filed by the New York attorney
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JUST when the financial-services industry thought it had made peace with New Yorkâs attorney-general, Eliot Spitzer showed that his battle with the investment banks had whetted rather than sated his appetite for combat.
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NEW YORK  - Marsh and McLennan Companies, Inc. the world&#39;s biggest insurance broker, announced a radical overhaul of its business practices after learning it would not face criminal charges for allegedly deceiving its customers.
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Marsh & McLennan Cos. , the world's largest insurance broker, said on Tuesday it would reform its business practices and stop accepting fees at the center of an investigation by New York Attorney General Eliot Spitzer into bid rigging.
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The $850 million settlement Marsh &amp; McLennan Cos. reached with New York Attorney General Eliot Spitzer yesterday will have a small but positive effect on its mutual-fund subsidiary, Putnam Investments, but is unlikely to resolve whether the Boston firm should split from its corporate parent, analysts said yesterday.
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Companies caught up in New York state Attorney General Eliot L. Spitzer&#39;s investigation into rigged bids and kickbacks in the insurance industry began firing and suspending
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Most prominent Democrats have shied away from Attorney General Eliot Spitzer's stance.
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New York Attorney General Eliot Spitzer has broadened his probe into insurance brokerage fees to include life and health insurance company practices.
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The insurance industry could look a lot different than it does today when New York Attorney General Eliot Spitzer is done with his investigation.
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The United States attorney in Manhattan said yesterday that he would not prosecute five former trading specialists at the New York Stock Exchange who faced criminal charges for making illegal trades, leaving just one case outstanding from the 15 men originally charged.
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Marsh & McLennan Cos. MMC.N will  wrap up its probe into its business practices by early January  and set aside more than the $232 million allocated for legal  costs last month to settle bid-rigging claims, Chief Executive  Michael Cherkasky said.