NU Online News Service, Oct. 25, 12:16 p.m. EDT

Insurance broker Willis Group Holdings plc says third-quarter net income decreased 8 percent in part due to a $15 million charge for its operational review that eliminated 200 positions during the third quarter along with declines in its Loan Protector business.

Third-quarter net income dropped $5 million over the same period last year to $60 million. Revenues increased 4 percent, or $29 million, to $762 million.

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