Marsh &amp; McLennan to pay $850m
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The $850 million settlement Marsh &amp; McLennan Cos. reached with New York Attorney General Eliot Spitzer yesterday will have a small but positive effect on its mutual-fund subsidiary, Putnam Investments, but is unlikely to resolve whether the Boston firm should split from its corporate parent, analysts said yesterday.
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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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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 Attorney General Eliot Spitzer filed a civil suit on October 14 against the worldâs largest insurance broker, Marsh &amp; McLennan, charging the US firm with bid-rigging and other practices
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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.
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Marsh & McLennan Cos. MMC.N, 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.
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Jeffrey Greenberg, the chief executive of Marsh &amp; McLennan, the insurance broker accused of rigging the market to make inappropriate fees from customers, was yesterday expected
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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 &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.
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Ernst &amp; Young LLP will pay $40 million to the US Federal Deposit Insurance Corp. and is finishing a settlement to pay $85 million to the Office of Thrift Supervision to settle a case involving
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Marsh &amp; McLennan will start handing out 3,000 pink slips today - most at its Sixth Avenue headquarters. They&#39;re victims of a bid-rigging scandal that has punished profits
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The insurance company has agreed to pay about $80 million to settle investigations into insurance sales that were used by companies to manipulate their earnings.
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Board members and senior executives of Marsh &amp; McLennan, the giant insurance broker that has been accused of cheating customers, put millions of dollars into a partnership that profited by
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Marsh &amp; McLellan, the US insurance broker at the centre of a bid-rigging probe, said today it plans to lay off 3,000 employees, or 5% of its work force, as it reported a 94% tumble in third quarter profits.
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Marsh and McLennan is looking to collect about $230 million in incentive fees at the heart of a bid-rigging probe. The company says it will put the fees into a separate account to be used as
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Companies under $700 million market cap get Sarbanes-Oxley filing extension.
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Marsh &amp; McLennan Companies Inc. is moving to collect about $230 million in controversial contingent commissions owed by insurers and will put the money toward a settlement with the New York Attorney General Eliot Spitzer.