Century Shares Keeps Shares of Marsh, AIG Amid Spitzer Probe
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Lanny Thorndike, whose Century Shares Trust mutual fund has about a third of its assets in insurance stocks, is keeping his investments in Marsh &amp; McLennan Cos.
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Eliot Spitzer announced Monday that the State of New York would not pursue criminal charges against disgraced insurance broker Marsh &amp; McLennan after it promised reforms and accepted the resignation of CEO Jeff Greenberg, replacing him with a former
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The US Securities and Exchange Commission has asked Marsh &amp; McLennan Cos. Inc. (MMC.N: Quote, Profile, Research) for information about partnerships that individuals affiliated with the
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NEW YORK, December 23  - The Securities &amp; Exchange Commission (SEC) is currently conducting an investigation into investments by Marsh &amp; Mclennanâs (MMC.
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U.S. stocks slid on Thursday after New  York Attorney General Eliot Spitzer accused insurance broker  Marsh & McLennan Cos. MMC.N of fraud, and the fallout hit  insurers, including American International Group AIG.N.
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The New York Times Co. stock jumped 7.5 percent yesterday, its biggest gain in almost six years, on reports that billionaire Maurice "Hank" Greenberg , former chairman of insurance giant American International Group, was snapping up shares of Times Co. in a bid to challenge its two-tier ownership structure.
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New York Attorney General Eliot Spitzer sued insurance giants Marsh &amp; McLennan, American International Group and several others Thursday, alleging policy brokers have been taking payoffs from insurance companies to steer corporate clients their way rather
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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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Marsh &amp; McLennan Cos. shares were whipsawed on Friday amid conflicting reports that a change in the insurance broker&#39;s top management was imminent.
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Company said settlement for bid rigging claim likely this month, but says investigation is ongoing. NEW YORK  - Marsh &amp; McLennan Cos.
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NEW YORK - The fallout from New York State Attorney General Eliot Spitzer&#39;s probe into the insurance industry continued. Jeffrey Greenberg, the head of Marsh &amp; McLennan, was replaced as chairman and chief
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New York Attorney General Eliot Spitzer sued Marsh &amp; McLennan Cos. and arrested two American International Group Inc. executives in a fraud probe he said touches ``virtually every line
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Citigroup  was cleared of insider trading charges on Thursday by an Australian court, which ruled the U.S. bank's "Chinese Walls" were not breached when it traded shares in a company it knew was a takeover target.
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New York Attorney-General Eliot Spitzer has been conducting a probe of the insurance industry but now says he will not bring criminal charges against the world&#39;s biggest insurance broker, Marsh &amp; McLennan.
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American International Group Inc.  AIG.N on Monday said it received new subpoenas from New York  Attorney General Eliot Spitzer and the U.S. Securities and  Exchange Commission related to insurance products that might  help companies smooth earnings or hide losses.
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SAN FRANCISCO (CBS.MW) -- Marsh &amp; McLennan said late Monday that the contingent commissions that the firm suspended late Friday amid a probe by New York&#39;s Attorney General accounted for 7 percent of its total revenue in 2003.
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Wall Street strode higher Tuesday, rallying along with insurance stocks on Marsh &amp; McLennan Cos. Inc.'s decision to fire its chief executive in the face of an ongoing probe. Blue chips added 138 points as relief that the investigation would not result in criminal charges against the company offset higher oil prices and weak economic data.