Marsh & McLennan Swings to Profit

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Marsh & McLennan Companies Inc., the nation’s largest insurance brokerage, reported profits of $35 million in the fourth quarter, an improvement from the year-earlier loss but below Wall Street expectations.


And in a sign that the New York-based brokerage is still struggling to find its footing after a massive regulatory settlement in January 2005, revenues were down slightly for the quarter and the October-December profits were weaker than in previous quarters.


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