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Marsh & McLennan Net Income Off 64 Percent

Revenue up, but first-half profits undermined by soft market, regulatory costsDespite a slight increase in revenues for the second quarter and first half of ...

By Mark E. Ruquet | Updated on August 07, 2005

Revenue up, but first-half profits undermined by soft market, regulatory costs

Despite a slight increase in revenues for the second quarter and first half of 2005, Marsh & McLennan Companies saw net income plummet 64 percent for the first six months of this year, impacted by soft market rates, charges for restructuring and employee retention, as well as regulatory and compliance expenses.

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