Marsh &amp; McLennan forecast slashed, stock slides
449699
Shares of insurance brokerage Marsh &amp; McLennan Cos. continued their slide Monday as analysts said the firmâs suspension of âcontingency commissionâ arrangements would sharply cut earnings.
325539
Marsh &amp; McLennan Cos. , the insurance broker at the center of a bid-rigging probe, on Tuesday said it will lay off 3,000 employees, or 5 percent of its work force, and reported third-quarter profit tumbled 94 percent.
10164
U.S. stocks dropped sharply on Monday, with the Nasdaq sliding 2 percent, as investors sold Google Inc.  shares after Barron's newspaper said the stock was overvalued and a disappointing sales forecast from Wal-Mart Stores Inc.  raised doubts about consumers' holiday spending.
437242
Stock index futures fell on Wednesday as recession worries persisted and a weak profit outlook from iPod maker Apple Inc hurt technology shares, pushing the Nasdaq composite index toward a bear market.
311008
Disappointing earnings from Morgan Stanley (MWD) and oil prices topping $48 per barrel sent stocks sharply lower Wednesday as investors moved to protect their recent gains.
484276
Stock index futures sank in holiday-shortened trading on Monday as fear of a U.S. recession gripped investors, indicating Wall Street was likely to join a global equity markets plunge that may usher in a bear market when trading resumes on Tuesday.
571805
U.S. stocks fell sharply on Monday, with the Nasdaq off more than 1 percent, after a disappointing sales forecast from Wal-Mart Stores Inc.  and worries that shares of Web search company Google Inc.  may be overvalued.
268630
Shares of Accredo Health Inc. ACDO.O  sank in trade before the opening bell after the provider of  pharmacy and treatment services for patients with chronic  illnesses slashed its fiscal 2005 profit forecast.
213078
Marsh &amp; McLennan  posted a bigger-than-expected drop in quarterly profit as it digested higher costs and hefty restructuring charges.
507168
NEW YORK -- Marsh &amp; McLennan Cos. Inc., the world's biggest insurance brokerage, said yesterday it will cut 750 jobs, consolidate some locations, and revamp its information technology structure to cut costs.
204973
Marsh &amp; McLennan, the US insurance broker being sued for alleged price fixing, is to cut 3,000 jobs as it faces a sharp decline in its revenues.
114884
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
313747
Slashed earnings estimate pulls down shares.
88024
Marsh &amp; McLennan is set to announce thousands of job cuts at its troubled insurance brokerage arm. The move follows the decision to scrap incentive commissions
551810
U.S. stocks fell on Thursday after worries about bad mortgage debts hit bank shares and a warning from luxury home builder Toll Brothers Inc.  reignited concern about the erosion of the housing market.
100619
U.S. stocks fell on Friday, with the Dow knocked off its 14,000-point perch and the Nasdaq composite index down more than 1 percent after bellwether stocks Caterpillar Inc.  and Google Inc  posted disappointing earnings.
288180
Stocks plunged yesterday as investors, nervous about earnings reports, cringed at troubling forecasts from two retailers, Home Depot and Sears, and at soaring oil prices.