Marsh Reveals What's at Stake in Probe
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Marsh & McLennan Cos. revealed what's at stake in the probe into its behavior by New York Attorney General Eliot Spitzer, saying it generated &#36;845 million of fat fees from a practice at the center of a bid-rigging scandal.
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In town to testify on bid rigging and price-fixing in the insurance industry, California Insurance Commissioner John Garamendi yesterday said ongoing investigations might reveal
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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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Marsh & McLennan tries to cut its way to an operational recovery.
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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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Investigation into media leaks from the boardroom
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When New York Attorney General Eliot Spitzer accused insurance broker Marsh &amp; McLennan Cos. last month of taking kickbacks from insurers, resulting in higher premiums for clients, he raised questions for the
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British energy major BP has confirmed that it was facing a US investigation over whether the group had manipulated crude oil and motor fuel markets.
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New York Attorney General Eliot Spitzer is launching a suit against insurance broker Marsh &amp; McLennan Cos., charging it engaged in market manipulation at the cost of insurance buyers, according to a source familiar with the situation.
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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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Marsh & McLennan, the world's largest insurance broker, may survive its criminal investigation if it makes certain changes.
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Shares of Marsh & McLennan Cos. were whipsawed on Friday amid conflicting reports that a change in the insurance broker's top management was imminent.
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Marsh & McLennan Cos. shares were  whipsawed on Friday amid conflicting reports that a change in  the insurance broker's top management was imminent.
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The new boss of US insurance broker Marsh &amp; McLennan said he is confident of settling the charges brought by New York Attorney-General Eliot Spitzer.
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New York Attorney General Eliot Spitzer, who last month launched a probe into bid rigging in the insurance industry, said on Friday he would prefer to see the industry&#39;s
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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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The bid-rigging case against Marsh &amp; McLennan Cos. likely will be settled for at least $500 million, the Wall Street Journal reported Thursday.