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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NEW YORK - Marsh &amp; McLennan Companies Inc. is looking to collect about $230 million in incentive fees at the heart of a bid-rigging probe by New York authorities as a way to help fund a possible settlement over the questioned fees.
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Stocks were little changed on Monday  as a drop in energy stocks due to lower oil prices was offset  by gains in insurance company American International Group Inc.  AIG.N and software maker Microsoft Corp. MSFT.O.
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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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Standard &amp; Poor&#39;s Equity Research reiterated a &quot;hold&quot; rating on Marsh &amp; McLennan (nyse: MMC - news - people ), saying the Securities and Exchange Commission has requested information regarding transactions with parties in which company insiders or major
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A federal grand jury is investigating  products American International Group Inc. sold that companies  might have used to make their earnings look better, AIG, the  world's largest insurer by market value, said on Thursday.
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Marsh &amp; McLennan Cos Inc.&#39;s Mercer Consulting unit, facing layoffs and a federal investigation, is expected to remain part of MMC because it is a stabilizing
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Marsh & McLennan Cos. MMC.N, 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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Warren Buffett's Berkshire Hathaway Inc.   is keeping its PetroChina Co.  shares amid growing criticism from Harvard University and others about investing in companies that might be linked to genocide in Sudan.
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The U.S. Securities and Exchange  Commission has asked Marsh & McLennan Cos. Inc. MMC.N for  information about partnerships that individuals affiliated with  the company have invested in, the insurance broker said in a  statement.
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In NEW YORK item, please read headline as UPDATE 1-Franklin Resources in $20 million SEC settlement, not $21 million. A corrected version follows.
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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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Marsh &amp; McLennan Companies Inc., the insurance brokerage giant, is looking to collect about $230 million in incentive fees at the heart of a bid-rigging probe by New York authorities as a way to help fund a possible settlement over the questioned fees.
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Stocks were little changed on Monday  as gains in insurance company American International Group Inc.  AIG.N and software maker Microsoft Corp. MSFT.O offset  losses in energy stocks due to lower oil prices.
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An investigation into U.S. insurers  and brokers rattled insurance industry stocks for a second day  on Friday as investors, shaken further by subpoenas delivered  to the top U.S. life insurer, struggled to gauge how deep the  probe might reach.
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Investor's Business Daily - If you have doubts about how mutual fund managers reacted to news that insurance broker Marsh &amp; McLennan was the target of a lawsuit by New York Attorney General Eliot Spitzer, you need look only at the share price.
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ORLANDO, Fla., Feb. 8, 2007 (PRIME NEWSWIRE) -- Century Group (Pink Sheets:CEYG) has decided to refocus its objectives on providing non-traditional revenue sources for broadcast media in order to increase its value to its shareholders.