Marsh &amp; McLennan Downgraded On News Of Charges
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Insurance brokerage firm Marsh &amp; McLennan (nyse: MMC - news - people ) was charged with fraud and antitrust violations in connection with allegations of bid steering and lucrative payoffs from major insurance firms, alleged New York State Attorney General
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Marsh &amp; McLennan has been cut in half in the last three days following allegations that it had rigged bids to convince its customers to overpay for insurance policies that it brokered on their behalf.
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MCIÂ on Monday announced an approximately $3.5 billion charge against its third-quarter financial results to reflect a decrease in the value of the company's assets.
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NEW YORK -- Michael G. Cherkasky, the longtime prosecutor now running embattled financial services giant Marsh & McLennan Cos., says he has figured out the main difference between investigating corporate wrongdoing and taking charge of a company targeted by a white-collar probe:
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Marsh & McLennan Cos. , the insurance broker accused by New York's Attorney General Eliot Spitzer of bid-rigging fraud, on Thursday said five senior executives stepped down from its board of directors.
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Robert W. Baird &amp; Co. on Thursday downgraded Lawson Software Inc. (LWSN.O: Quote, Profile, Research) stock to &quot;neutral&quot; from &quot;outperform,&quot; a day after the mid-sized business
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The outside directors of Marsh &amp; McLennan (MMC.N: Quote, Profile, Research) have talked to New York&#39;s attorney general about having its chief executive step aside amid a probe into its business practices, the Wall Street Journal said
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Marsh & McLennan Cos. MMC.N on   Friday said it will cut 750 jobs and take a $225 million charge   in a restructuring designed to save $350 million a year.
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Marsh &amp; McLennan Cos., whose CEO was forced to resign in October amid the bid-rigging scandal rocking the insurance industry, said Tuesday said third-quarter profit fell, hurt by one-time charges for legal and regulatory matters.
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Marsh & McLennan, the US insurance broker being sued for alleged price fixing, is to cut 3,000 jobs as it faces an expected decline in its revenues.
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Morgan Stanley downgraded the airline to
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NEW YORK: Marsh &amp; McLennan, the worldâs largest insurance broker, said on Tuesday it will reform its business practices and stop accepting fees at the centre of an investigation by New York attorney general Eliot Spitzer into bid rigging.
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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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U.S. prosecutors on Friday dropped criminal securities fraud charges against a former New York Stock Exchange floor trader, after dropping a similar charge against another defendant late last month.
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Two Marsh &amp; McLennan Cos. (MMC.N: Quote, Profile, Research) executives linked to an insurance market bid-rigging investigation stepped down from their positions
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Marsh &amp; McLennan Cos. (MMC.N: Quote, Profile, Research) , which has been at the center of a bid-rigging scandal rocking the insurance industry, on Tuesday said it will cut 3,000
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Marsh &amp; McLennan Cos., the insurance broker sued by New York Attorney General Eliot Spitzer last month, said five company executives stepped down from the board.