Putnam will miss majority of Marsh cutbacks
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Marsh &amp; McLennan, the parent company of Hub funds firm Putnam Investments, announced 3,000 job cuts yesterday as it battles a scandal and a collapse in earnings.
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P&amp;Oâs cutbacks announced today are the result of the waves of troubles that have swamped the ferry industry of late. Some would say the company has done well to weather the storms for as long as it has.
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Putnam Investments will pay $40 million to settle yet another regulatory probe, while corporate parent Marsh &amp; McLennan Cos. yesterday said it would cut 3,000 jobs in the fallout from the price-fixing and bid-rigging scandal enveloping its insurance brokerage unit.
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Insurer St. Paul Travelers said the three major hurricanes that hit the US east coast in recent months will cut 45 cents from its third-quarter earnings per share.
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Marsh & McLennan Cos. MMC.N on   Friday said it will cut 750 jobs and take a $225 million charge   in its second cost-cutting plan in two years in a bid to save   $350 million annually.
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Mutual-fund firm Putnam Investments announced it will provide more information about its fees, brokerage commissions and executive pay as part of an effort to regain footing in the wake of the mutual-fund trading scandals.
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Marsh & McLennan tries to cut its way to an operational recovery.
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By Brandon Larrabee< Morris News Service  ATLANTA - Development within 50 feet of coastal marshes would be barred under legislation proposed Wednesday by an Atlanta-area lawmaker.  Rep.
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Canadian insurer Great-West Lifeco Inc.  said on Thursday it will buy ailing money manager Putnam Investments from Marsh & McLennan Companies Inc.  for $3.9 billion in a bid to gain a key foothold in the U.S. asset management market.
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The Marsh &amp; McLennan Company, the troubled insurance and investment company, said today that it would lay off 3,000 employees, or roughly 5 percent of its work force, as it moved to right
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US emergency cut in response to weakening economic outlook and recession fears
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By EVADNA BARTLETT  Homeowners in an often-soaked Teays Valley subdivision worry that development of adjacent property will worsen their problems.   They laid out their concerns Tuesday before the Putnam County Commission.
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SAN FRANCISCO (CBS.MW) -- Putnam Investments is expected to unveil new protections and disclosures for shareholders in its mutual funds, California&#39;s treasurer said Wednesday.
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NEW YORK -- Marsh &amp; McLennan Companies Inc. announced Friday that it was suspending its practice of using &quot;market services agreements&quot; with insurance carriers.
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By David Fleshler, South Florida Sun-Sentinel  Feb. 6--With the Everglades restoration running behind schedule, the region's water management agency has proposed water-supply restrictions that would raise bills and make future development more expensive.
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Marsh & McLennan Cos. MMC.N, the   world's largest insurance broker, on Friday announced its   second major cost-cutting program in two years, resulting in   the loss of about 750 jobs.
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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.