Under-fire Marsh cuts 3,000 jobs
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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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Mobile phone maker had earlier said it would cut 3,500 jobs by June 30 as part restructuring plan to lower costs.
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Bank of America Corp., the third- biggest US bank, will cut 4,500 jobs in addition to the 12,500 positions it will eliminate as part of the purchase of FleetBoston Financial Corp.
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NEW YORK - Energy companies today were taking more than 3,000 workers off drilling rigs in the Gulf of Mexico ahead of Hurricane Ivan, a powerful Category 5 storm, and were shutting much more oil production in the Gulf than had been shut by a pair of
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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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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.
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Marsh &amp; McLennan Companies Inc. announced disappointing earnings for the third quarter and said it will lay off 3,000 employees, or about 5 percent of its work force, because of fallout from a bid-rigging
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The company announced the firings on Thursday along with a restructuring plan that included layoffs of about 3,500 employees.
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BOSTON (CBS.MW) -- The other shoe dropped Tuesday for about 3,000 workers at embattled Marsh &amp; McLennan. Free! Sign up here to receive our Internet Daily e-Newsletter!
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Triangle Tube/Phase III, of Blackwood, N.J., is recalling about 3,000 natural gas or propane water heaters.
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The company cited "challenging market conditions" and customer uncertainty and said it would eliminate 3,500 more positions.
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Circuit City Stores Inc. , the target of a $3.3 billion takeover bid by Boston-based Highfields Capital Management LP, plans to close 19 US stores, a warehouse, and five regional offices, eliminating as many as 973 jobs.
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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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Nortel Networks Ltd. (NYSE/Toronto: NT - message board) today fleshed out its staff reduction plans by announcing that 3,250 posts will be cut, down from the expected 3,500 (see Nortel Cuts 3,500 Jobs ). North
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Marsh & McLennan Cos. , the insurance broker at the center of a bid-rigging scandal, on Tuesday said it will lay off 3,000 employees, or 5 percent of its work force.
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Marsh & McLennan Cos. MMC.N, at the  center of a bid-rigging scandal rocking the insurance industry,  on Tuesday said it will cut 3,000 jobs and said third-quarter  profit fell 94 percent as it set aside money for legal and  regulatory expenses.
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MARSH &amp; MCLENNAN, the insurance broker, is to axe 3,000 jobs to help to prop up its flagging profits, which have been hurt by a $232 million (Â£125 million) charge to cover a potential settlement with Eliot Spitzer, the New York attorney-general.