Willis Group Holdings reports second quarter net income dropped 3 percent despite strong earnings growth in all segments of the company.
The firm says salary increases and the negative impact of foreign exchange rates led to the decline.
For the quarter, Willis reports net income of $107 million, down $3 million from the same period last year. Revenues increased 6 percent to $890 million. Net income over the first six months was down 3.5 percent over last year, to $330 million, while revenues were up 5 percent to $1.94 billion.
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